Helping Bio-Stream Move Faster Toward Commercialization with Strategic Non-Dilutive Funding Support

Overview

Bio-Stream is an innovative company bringing lab-style blood and urine testing into the home.

The company develops hardware, software, cloud infrastructure, and advanced testing applications that allow end users to administer highly sensitive and accurate tests and receive results directly on their phones.

Challenge

Bio-Stream CEO John Murphy explains that when building new technology, there are many moving parts, and the path to market is long and complex. The team knew non-dilutive funding was likely available, but they needed support understanding which opportunities were the right fit, how to position the company, and how to move quickly to meet deadlines.

As a pre-revenue company, Bio-Stream also needed to stay focused on research, development, and company-building. Pursuing non-dilutive funding on their own risked pulling time away from their core technical work.

Bio-Stream needed a partner who could help them:

Identify the right programs: Find relevant non-dilutive funding opportunities aligned with Bio-Stream’s stage and technology.

Position their story clearly: Translate technical work into a compelling message tailored to each funder’s mandate.

Keep execution moving: Manage timelines, writing, and submission work without overloading the internal team.

Solution

Thin Air Labs’ Funding Catalyst team worked with Bio-Stream to understand the company’s needs, goals, and stage of development before identifying suitable funding opportunities.

The collaboration included:

• Program matching: The Funding Catalyst team identified relevant organizations and funding programs that could support Bio-Stream’s technical and commercialization goals.
• Strategic positioning: Thin Air’s Funding Strategists mapped Bio-Stream’s core message to each funder’s mandate, helping make applications more aligned and compelling.
• Execution support: The Funding Catalyst team handled much of the writing, managed deadlines, and kept the process moving so Bio-Stream could stay focused on the technical inputs only they could provide.
• Ongoing access: The subscription model gave Bio-Stream regular access to Thin Air’s grant writers, strategists, and broader team as new opportunities emerged.

Thin Air Labs’ coordinated approach gave Bio-Stream a more efficient path from funding strategy to application execution.

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Impact

Bio-Stream’s partnership with Thin Air Labs’ Funding Catalyst team delivered meaningful traction across funding, hiring, and growth.

• Dollars in the bank: Over roughly six months, Bio-Stream secured hundreds of thousands of dollars in non-dilutive funding.
• Team growth: The company expanded from seven to twelve team members and hired PhD-level talent to strengthen product development.
• Technical advancement: Support from Alberta Innovates and IRAP helped advance hardware, engineering, and prototype development toward a more market-ready solution.
• Growth readiness: Thin Air helped Bio-Stream build industry relationships, access trade missions, and pursue ongoing opportunities, positioning the company for continued growth in Canada and beyond.

Client Testimonial

“There were hundreds of thousands of dollars brought into the organization… Everybody knows there are grants and they’ve heard about them. But what Thin Air Labs does is get real. Here’s how they practically go after them, and then actually close and get the money into the bank. It’s a great opportunity for companies that are growing, maybe even pre-revenue, to move things forward, get some resources, and get the help.”-  John Murphy, CEO, Bio-Stream Diagnostics Inc.

Hear more from John Murphy in these client testimonial videos.

Looking to move faster without giving up equity?

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