Canada

Montréal

Early-Globalization Phase

Montréal is a good place to launch a startup with funding and talent. The city offers one of the best lifestyles with low rent, a blooming cultural scene, and the third best transportation system in North America.

Simon Décary
Economic Development Commissioner, Digital Sector and Startups, City of Montréal

Sub-sector Strengths

AI, Big Data & Analytics

McGill University and Université de Montréal have 250 AI researchers and doctoral students and approximately $117 million in combined AI grants. Recently, Real Ventures launched an AI accelerator and Creative Destruction Lab did the same in partnership with HEC-Montréal. Google, Microsoft, Facebook, and the Royal Bank of Canada have invested millions in local AI labs. In 2017, Element AI announced a $102 million funding round.

Advanced Manufacturing & Robotics

Greater Montréal is the #3 ecosystem for aerospace after Seattle and Toulouse, and it has the second-largest density of aerospace jobs in the world. Centech, a high-tech incubator, offers funding, a 12-week manufacturing 4.0 cohort, and a workshop. Local startups include Kinova, which raised $25 million, Mnubo who recently raised $16.5 million and Vention, which raised $17 million.

Why you should invest in Montréal

SOFTWARE STARTUP OUTPUT
1k - 1.4k
GLOBAL AVG.
1,010
ECOSYSTEM VALUE
$3.4 bn
GLOBAL AVG.
$5 bn
Top 25 Global Ecosystem
Adv. Manufacturing & Robotics
Top 20 Global Ecosystem
Artificial Intelligence
5
Exit Growth
INDEX
9
Output Growth
INDEX
10
Funding Growth
INDEX

Reasons to move your startup to Montréal

EARLY-STAGE FUNDING PER STARTUP
$374 k
GLOBAL AVG.
$284 k
TOTAL EARLY-STAGE FUNDING
$447 m
GLOBAL AVG.
$837 m
SOFTWARE ENGINEER SALARY
$49.4 k
GLOBAL AVG.
$58.3 k

Leveraging R&D spending

Thanks to a variety of credits, research-intensive startups can leverage their R&D spending by five or six times. Nationally, there is a 40% tax credit on R&D expenses. Tax credits are also available for university research and private partnership pre-competitive research, and fees and dues paid to a research consortium.

Startup Community

Startup Genome
Partners & Members

MEMBER
Ville de Montréal
District 3 Innovation Center
FounderFuel / Real Ventures
HEC Montréal
Montréal Inc
MT Lab
Montréal NewTech
Notman House
PME MTL
Quartier de l’innovation
Réseau Capital
Startupfest

Featured Articles from
Local Ambassadors

Cédric Tawil
Promoting the Montreal startup ecosystem internationally and helping foreign startups connect with the Montreal ecosystem
Cédric Tawil | Ambassador
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