"Montréal demonstrates a strong dynamic of innovation and a high level of performance and attractiveness for both entrepreneurs and investors. Access to capital, talent, and high quality support from key private and public stakeholders working together allows our ecosystem to stand out globally in several cutting-edge sectors."
Montréal offers a strategic location and highly educated talent. With its world-renowned cultural life and safe neighborhoods, it’s a great place to live and work. A strategic gateway to European markets and other North American startup hubs, Montréal is just 90 minutes by air from New York, Boston, and Toronto, and less than an hour from the U.S. border. It is home to seven universities and more than 200,000 students, including 35,500 international students. These universities rank first in Canada for research funding, taking in more than $1.34 billion yearly. Local companies recruit from a bilingual, tech-savvy talent pool.
Montréal’s startups attracted $1.6 billion in funding in 2021, a new record for the city. BKR Capital, the first Canadian VC fund dedicated to Black-led businesses, recently opened an office in Montréal. Female-led fund Accelia Capital is also based here.
With dedicated task forces, collective briefs, monthly meetings, and an annual ecosystem partners’ event, founders benefit from a host of startup support organizations that collaborate on a daily basis. MILA, the Quebec AI institute, has joined forces with BDC Capital to nurture AI-related startups. Aerospace group Aéro Montréal and incubator Centech are working together to foster sustainable innovation within the aerospace supply chain. Aéro Montréal also organizes the Global Aerospace Supply Chain Summit. Cycle Momentum and Innovacorp have allied to boost their mentoring and networking offerings. Women Techmakers Montréal was created by Google to highlight women in technology.
Ecosystem by the Numbers
AI, Big Data & Analytics
Montréal is a hotbed for sustainable finance. The city ranked first in Canada and third in North America among the 78 financial centers considered for the Global Green Finance Index 7. Montréal will host the second annual Sustainable Finance Summit in 2022. Fintech Cadence has partnered with Fintel Connect to support startups in the sub-sector. The CA$120 million the Station FinTech Montréal Accelerator launched in 2021. Opportunity Fund invests in later-stage Fintech startups. Fintech platform Zapper raised a $15 million Series A in May 2021. Crypto exchange Shakepay raised a CA$44 million Series A in January 2022.
Reasons to Move Your Startup to Montréal
Quality of Life
Selected Startup Organizations
Startup Genome Members
Key Ecosystem Players
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