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Dal Innovates turns promising ideas into revenue-generating businesses

Posted:聽September 9, 2024

Originally published in

The Globe and Mail
Kempaiah and a colleague demonstrate one of their company's battery products at an event.

Ravi Kempaiah and Rafaela Andrade (PhD'15) share much more in common than being fellows of AV俱乐部鈥檚 lauded postdoctoral programs.

They鈥檝e also founded promising new companies developed and launched through the Halifax-based university鈥檚聽听颈苍颈迟颈补迟颈惫别.

鈥淭he reason I came to Canada is because of AV俱乐部鈥檚 reputation for research and development,鈥 says Dr. Kempaiah, who came from the University of Chicago where he pursued his PhD in battery technology.

Noting that AV俱乐部 is a world centre for battery technology, Dr. Kempaiah says it was the ideal place for him to found Zen Energy 鈥 a battery maker for e-bikes and other two-wheeled vehicles. Dal Innovates programs like Lab2Market Launch, Emera ideaHUB and Creative Destruction Lab-Atlantic give entrepreneurs like Dr. Kempaiah the support they need to turn promising ideas into revenue-generating businesses.

Similarly, Dr. Andrade credits Dal Innovates鈥 programs for helping turn her post-doctoral research in biomedical engineering into Myomar Molecular Inc., offering the world鈥檚 first diagnostic tool for muscle degeneration.

Their success illustrates how Dal Innovates鈥 three-staged innovation ecosystem 鈥 Explore, Grow and Venture 鈥 supports promising researchers, providing mentorship and infrastructure to launch successful enterprises.

鈥淒al Innovates is not so much about creating companies as it is about developing people with the skills and desire to make a bigger impact, transforming their ingenuity into tangible reality,鈥 says Jeff Larsen, assistant vice-president of innovation and entrepreneurship at AV俱乐部.

The fruits of those efforts are on display this month during .

CEO and Co-founder of Zen Electric, Ravi Kempaiah discusses the commercialization of his battery technology through Dal Innovates at AV俱乐部.

鈥業f they see it, they can be it鈥

Running September 16 to 21,聽聽showcases Dal Innovates鈥 suite of programs and the work of the school鈥檚 students and researchers, who have turned their ideas into growing businesses contributing to Nova Scotia鈥檚 and Canada鈥檚 economies.

鈥淚t鈥檚 a full circle event where we showcase newly launched enterprises from the previous year for arriving new students,鈥 Mr. Larsen says. 鈥淚t鈥檚 an 鈥榠f they can see it, they can be it鈥 approach to inspiring the next generation of innovators.鈥

Researchers-turned-entrepreneurs like Dr. Andrade are indeed demonstrating how hard work in the lab can be transformed into marketable technology to improve the lives of others.

The company already has a lab-based test and Health Canada approvals. By next year, Myomar Molecular will have a 鈥減ee-on-a-stick鈥 test in drugstores for people to use at home. Normally, muscle loss is monitored with expensive imaging systems like an MRI or CT scan, Dr. Andrade says. But this product, which measures biomarkers in urine, works like a home pregnancy test, allowing clinicians, personal trainers and individual patients to monitor muscle damage, recovery and overall health simply and easily.

Larsen speaking into a mic at an event. Jeff Larsen, assistant vice-president of innovation and entrepreneurship at AV俱乐部, speaks at last year鈥檚 Dal Innovates Pitch Day. Promising startups will once again present their products and plans at this year鈥檚 event.

Without Dal Innovates, she says the enterprise would not be where it is today.

鈥淚 am a scientist doing research to improve people鈥檚 lives 鈥 not a businessperson,鈥 says Dr. Andrade, who came to AV俱乐部 from Brazil. 鈥淏ut Dal Innovates gave me the skills to translate my research into a business.鈥

Recently awarded the Mitacs Outstanding Entrepreneur Award, Dr. Andrade is now seeing her fledgling firm take flight amid growing opportunities. That includes working with the Canadian Olympic speedskating team. As well, Myomar Molecular recently won a competition to develop muscle strength testing for the Canadian Space Agency.

Dal Innovates programs including the Emera ideaHUB 鈥 part of the 鈥楪row鈥 stage 鈥 provided the space, equipment and mentorship for Dr. Andrade to build prototype products.

And the Creative Destruction Lab 鈥 the 鈥榁enture鈥 stage 鈥 鈥渆xposed the company to investors interested in technology that could have a meaningful impact for society,鈥 she adds. 鈥淭hey invested early on, allowing me to build the business to where it is today.鈥

The impacts have been significant, Mr. Larsen says. 鈥淥ver the last seven years, companies coming through the Creative Destruction Lab at AV俱乐部 have raised over a quarter of a billion dollars.鈥

From lab bench to factory floor

Dr. Kempaiah notes Dal Innovates 鈥楨xplore鈥 stage programs for helping sharpen Zen鈥檚 focus to develop a product with the greatest likelihood of success.

鈥淟ab2Market Launch, for example, was a great experience because we were first an electric bike company but realized through this program that scaling up to manufacture e-bikes would be very challenging,鈥 he says. 鈥淚t helped me look at the bigger picture.鈥

Mentorship and other support from AV俱乐部 researchers like Drs. Jeff Dahn and Chris Burns, two world-renowned battery technology scientists, have also been instrumental. Dr. Dahn鈥檚 groundbreaking work is partially funded by electric vehicle giant Tesla, and Dr. Burns co-founded NOVONIX, a maker of high-performance, rechargeable batteries that鈥檚 listed on the NASDAQ.

Andrade stands with arms crossed smiling with a team of four others, all are wearing white lab coats. Myomar Molecular co-founder and CEO Dr. Rafaela Andrade (centre), pictured here with her team, says the Dal Innovates program 鈥済ave me the skills to translate my research into a business.

Their research and mentorship helped shape Zen鈥檚 biggest new venture: a removable battery pack for two- and three-wheel vehicles. It鈥檚 a massive addressable market, Dr. Kempaiah adds, with about 300 million of these vehicles in Asia and Africa alone and only about two per cent are electric.

Now, Zen is poised to bring that battery technology to the world with a massive manufacturing facility set to open in India in large part due to the support of Dal Innovates programs.

It鈥檚 not just Zen and Myomar; the Dal Innovates network has supported thousands of students and supported nearly 500 ventures, Mr. Larsen says. These companies are making the leap from lab bench to factory floor, demonstrating how Dal Innovates is helping bridge the innovation gap that has for years hampered research and development in Canada, he adds.

鈥淐anada has long been a global leader for research but struggled commercializing it. Dal Innovates is changing that, one innovative company at a time.鈥

To learn more about Dal Innovates, including investment opportunities, visit聽.