Clever Wins the Spark Innovation Challenge
With an Innovative Natural Product Focused on Cholesterol
November 03, 2017
Clever Fruit Products was one of the winners at this year’s Innovacorp’s Spark Innovation Challenge competition. With 136 competitors in attendance, Clever won a top prize of $50,000. Clever’s innovation is a new natural product for cholesterol health. The Spark Innovation Challenge is an open competition held by venture capitalist Innovacorp with a goal to identify and support early stage high-potential technology companies.
“We are excited to win the $50k and mentoring that comes with being a Spark Competition winner; the competition itself was a great learning experience and we advanced our market understanding and enjoyed the training and feedback we received.” said Chairman Sean Sears. “Clever is a big idea with immense potential and we look forward to working with Innovacorp.”
Funding will be used by Clever to identify the most achievable early target markets. With more than 700m people worldwide suffering from high-cholesterol, we hope to identify a market desperate for a new solution.
Innovacorp Established in 1995 and based in Halifax, Innovacorp is Nova Scotia’s early stage venture capital organization. Target industries include information technology, clean technology, life sciences and ocean technology. Innovacorp’s core business model is early stage investment. Innovacorp also provide world-class incubation facilities, expert advice and other support to help accelerate companies.
About Clever Fruit Products:
Clever Fruit Products (CLEVER™) is a functional food ingredients manufacturer targeting improved health outcomes. CLEVER™ technology is a unique approach to fermentation that draws out the full nutrient profile of the underlying fruit while creating new compounds. This proprietary process can work with any fruit with Clever using wild blueberry, apple, and cranberry.
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