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10 Canadian Tech Entrepreneurs to Keep an Eye On in 2026

In response to escalating climate challenges and the need for innovative solutions, a cohort of startup leaders is pioneering technologies that address various societal and environmental issues. These advancements range from sustainable practices in mineral recovery and enhanced healthcare options to energy solutions that mitigate carbon emissions.

Cyclic Materials, co-founded by Ahmad Ghahreman, has gained recognition by developing a method to recover rare earth elements from used electronics and wind turbines through “urban mining.” This process not only reduces greenhouse gas emissions but also helps establish a sustainable supply chain for critical minerals, which are projected to see a significant market growth by 2032. In 2025, the company announced plans for a new research facility in Ontario and a commercial operation in Arizona, signaling a strong shift in industry demand for recycled resources.

Ripple Therapeutics, led by Wendy Naimark, aims to transform eye care for patients with age-related macular degeneration. They are developing biodegradable implants that can extend treatment intervals significantly, demonstrating a remarkable potential to improve patient adherence to necessary therapies. The firm’s collaboration with Bausch + Lomb positions them for further growth in the sector.

Aslan Renewables, founded by Andrew Murray, focuses on revitalizing abandoned water mills into sources of renewable energy using AI-powered turbine systems. Aiming to support community energy needs, Aslan gained substantial funding and recognition in 2025, paving the way for future projects that harness existing infrastructure for clean energy production.

Vivid Machines, co-founded by Jenny Lemieux, utilizes AI to enhance fruit farming by enabling precise resource use. This technology assists farmers in optimizing vital processes, which can significantly reduce chemical usage. This innovative solution is currently being analyzed across various global markets, including North and South America, Europe, and Australia.

Multiverse Computing, where Sam Mugel serves as CTO, seeks to reduce the environmental impact of AI technologies. With its breakthrough product, CompactifAI, the startup can lower the energy requirements of large AI models by up to 95 percent, significantly enhancing sustainability in the tech sector. A recent infusion of funding has fueled the company’s rapid expansion.

FluidAI, co-founded by Youssef Helwa, addresses post-surgical complications with advanced monitoring technologies that analyze patient data in real-time. Its recent FDA approval for its AI-powered device highlights the company’s commitment to improving recovery outcomes.

In financial technology, ZayZoon, led by Darcy Tuer, has experienced notable growth with its Earned Wage Access program, providing workers with early access to earned wages. The fintech has successfully partnered with significant financial institutions in Canada, reflecting a broader shift in workplace benefits.

Summit Nanotech, founded by Amanda Hall, is innovating in lithium extraction methods to minimize environmental impacts while meeting soaring market demand. Their new approach not only conserves water but is set to position the company for commercial-scale production.

The Victoria Hand Project, led by Michael Peirone, is making strides in accessibility by providing affordable 3D-printed prosthetics worldwide. Their focus on low-resource regions has already reached numerous countries, offering vital healthcare solutions.

Lastly, Arca Climate Technologies, co-founded by Bethany Ladd, is advancing carbon capture by converting carbon dioxide into rock, significantly contributing to climate stabilization efforts. Their ongoing projects, including significant partnerships for carbon credits, underline the transformative potential of their technology.

Overall, these startups illustrate a dynamic response to pressing global challenges, emphasizing innovation that combines sustainability with practical applications across sectors.



MaRS Discovery District
https://www.marsdd.com/
MaRS is the world's largest urban innovation hub in Toronto that supports startups in the health, cleantech, fintech, and enterprise sectors. When MaRS opened in 2005 this concept of urban innovation was an untested theory. Today, it’s reshaping cities around the world. MaRS has been at the forefront of a wave of change that extends from Melbourne to Amsterdam and runs through San Francisco, London, Medellín, Los Angeles, Paris and New York. These global cities are now striving to create what we have in Toronto: a dense innovation district that co-locates universities, startups, corporates and investors. In this increasingly competitive landscape, scale matters more than ever – the best talent is attracted to the brightest innovation hotspots.

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