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A Systems View Across Time and Space

Table 4 INO’s top 15 spin-offs in terms of revenues generated in 2021

From: Research and technology organizations as entrepreneurship instruments: the case of the Institut National d’Optique in the Canadian optics and photonics industry

Spin-off

Year created

Location

Employees

Total revenues ($M)

Patents owned

Optel Vision

1992

Quebec City

400

67

1

LeddarTech

2007

Quebec City

171

40

21

TeraXion

2000

Quebec City

190

32

74

OpSens

2004

Quebec City

140

20

17

OptoSecurity

2004

Quebec City

45

20

35

Fiso Technologies

1994

Quebec City

63

12

8

Optiwave

1994

Ottawa

200

10

-

Obzerv Inc

2002

Quebec City

50

9

2

Doric Lenses

2004

Quebec City

45

8

2

Pavemetrics

2009

Quebec City

45

8

3

P&P Optica

1995

Waterloo

41

8

-

CorActive

1998

Quebec City

30

7.7

-

Handyem

2011

Quebec City

31

6

4

DxBioTech

2017

Montreal

31

6

1

PyroPhotonics

2004

Montreal

20

4.5

20