Startups are at the heart of Montreal’s entrepreneurial sector. They are a powerful lever for the economic development of our metropolis.
Greater Montreal has 620 organizations, +150 research centers, 11 post-secondary institutions, and 80 multinational subsidiaries, many of which collaborate via open Innovation programs and AI-driven public-private partnerships. Scientific and clinical research received $118 million in provincial funding, while NÉOMED Innovation Center received a $25 million investment. Notable activity includes the acquisition of Clementia Pharma for $1.3 billion(after its IPO in 2017), the IPO of Milestone Pharmaceuticals’ ($468 million), and the $82.5 million Series B round for Repare Therapeutics.
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Why you should invest in Montréal
Reasons to move your startup to Montréal
A Place to Be
Canada is the only country that has free trade agreements with all G7 countries and 38% of local startups export internationally.
The federal-funded IAP ($250 million grants) and the BCAP interest-free loans (max $40,000) aimed to support $10,000 early stage startups. Provincially, the Quebec government launched PACTE and PACME to access loans of min $50,000, and to cover training expenses, respectively. Montreal also unlocked an emergency fund for retail businesses, social economy, creative and cultural industries and tourism sectors.
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