IRV announces university partnerships across Canada
Investment in Oneka Technologies
December 3, 2024
Montreal, Canada, December 3, 2024 – Innovobot is proud to announce its investment in Oneka Technologies (https://www.onekawater.com/), an innovative company based in Sherbrooke, Quebec, through its Innovobot Resonance Ventures fund. This follows the first round of fundraising, last year, with SWEN Blue Ocean and 2 Canadian family offices. Oneka Technologies tackles water scarcity through its groundbreaking wave-powered desalination system, which sustainably transforms seawater into drinking water. This investment enables Oneka Technologies to accelerate its mission while addressing pressing ocean and climate-related challenges. Together, Innovobot and Oneka are committed to enriching the blue economy by collaborating with other stakeholders to deliver solutions for communities grappling with global issues such as water access.
Oneka Technologies’ patented technology offers a scalable solution to the global demand for drinking water, without emitting greenhouse gases. This sustainable approach aligns seamlessly with Innovobot’s investment thesis of backing high-impact companies that generate both financial returns and environmental benefits. Oneka’s mission to turn oceans into a reliable freshwater source empowers coastal communities and industries to adapt to and mitigate the effects of climate change.
Oneka Technologies’ patented technology offers a scalable solution to the global demand for drinking water, without emitting greenhouse gases. This sustainable approach aligns seamlessly with Innovobot’s investment thesis of backing high-impact companies that generate both financial returns and environmental benefits. Oneka’s mission to turn oceans into a reliable freshwater source empowers coastal communities and industries to adapt to and mitigate the effects of climate change.
“I have dedicated much of my career to addressing the global water crisis,” commented Jim Perrone, Operating Partner and Head of Innovobot’s CleanTech and Water practice. “Oneka exemplifies the kind of company we seek to empower within our practice, combining an innovative, sustainable approach to water scarcity with a commitment to supporting local communities worldwide—all driven by an outstanding team dedicated to their mission.”
“We are thrilled to welcome Innovobot to our investor ecosystem,” said Dragan Tutic, CEO & Co-Founder of Oneka Technologies. “Their expertise in developing advanced engineering systems, their global commercial network, and their ‘Tech for Good’ vision are perfectly aligned with our growth strategy. Innovobot opens doors to new opportunities while reinforcing our foundation here in Quebec.”
Innovobot offers Oneka Technologies not only an investment but also technical expertise and active collaboration, enhancing the company’s capacity to scale effectively. This partnership creates a unique synergy, where Innovobot’s market insights and technical strengths, particularly in technology, systems, AI and advanced manufacturing, will amplify Oneka’s industrial potential and accelerate its sustainable desalination projects.
This investment underscores Innovobot’s commitment to Canadian innovation by supporting companies that make both financial and environmental impacts. Oneka Technologies exemplifies the type of solution Innovobot seeks to champion, and we look forward to their continued success and future milestones.
“Our investment in Oneka Technologies aligns perfectly with our values of innovation, sustainability and scalability. Oneka’s dedication to environmental stewardship and their potential to positively impact the world resonates deeply with our mission,” said Mario Venditti, CEO of Innovobot. “We look forward to supporting their growth and contributing to the development of the blue economy.”
About Innovobot
Innovobot is an investment platform that creates value through innovation. Our vision is to foster innovation across industries for the benefit of society. Innovobot helps companies mitigate risk and accelerate time to market by providing innovation and key commercial support in order to scale Innovobot Resonance Ventures, our venture capital arm, invests in entrepreneurs that build pioneering technology startups for the benefit of humanity. Based in Montreal, Canada, Innovobot has business and operational activities across Canada, the United States, Europe and Asia.
About Oneka Technologies
Oneka Technologies is a Canadian company working in the water technology sector, with a growing international presence. Its mission is to make the oceans a sustainable and affordable source of freshwater. Using only the renewable energy created through ocean waves, Oneka turns seawater into freshwater, allowing coastal communities and industries facing water scarcity to mitigate and adapt to climate change. Founded in Sherbrooke, Canada in 2015, the company employs more than 60 employees and has operations in Canada, the United States and Chile.
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