Canada

Québec City

Activation Phase

Driven by a strong sense of pride and thirst for innovation, Québec is a city where people join forces and fully embrace our shared goals to rise above fray.

Carl Viel
President & CEO at Québec International

Sub-sector Strengths

AI, Big Data & Analytics

COVEO, an AI-powered search startup, announced a $100 million private equity investment in 2018. The national government’s $950-million Innovation Superclusters initiative supports the SCALE.AI project, an important source of economic growth and collective wealth for Canada, but also for the province of Québec and the Québec City region. The SCALE.AI project is supported by OPTEL GROUP, COVEO and Université Laval, as well as Bentley and other key players from the business and innovation world of Québec City.

Life Sciences

Québec City has expertise in biopharmaceuticals (vaccines), medical technologies and cosmeceuticals. As a recognized skills hub, it is home to 84 R&D centers, chairs, and research labs as well as various internationally acclaimed researchers, and has successfully transformed research and innovation into powerful growth drivers (CRI, CERVO). In 2018, Medicago announced a $245 million investment in a new vaccine production facility, and Feldan Therapeutics raised $13 million in a Series A round.

Why you should invest in Québec City

SOFTWARE STARTUP OUTPUT
200-300
GLOBAL AVG.
1,010
ECOSYSTEM VALUE
<$100 m
GLOBAL AVG.
$5 bn
Top 20 Global Ecosystem
Affordable Talent
Top 20 Global Ecosystem
Market Reach
5
Exit Growth
INDEX
8
Output Growth
INDEX
3
Funding Growth
INDEX

Reasons to move your startup to Québec City

EARLY-STAGE FUNDING PER STARTUP
$71 k
GLOBAL AVG.
$284 k
TOTAL EARLY-STAGE FUNDING
<$50 m
GLOBAL AVG.
$837 m
SOFTWARE ENGINEER SALARY
$43.5 k
GLOBAL AVG.
$58.3 k

Entrepreneur development

UBI Global recognized Entrepreneuriat Laval as the second-best university accelerator in the world. École D’Entrepreneurship De Beauce, the only school in Canada focusing on the development of entrepreneurs, is also based in the Québec City region.

Startup Community

Startup Genome
Partners & Members

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