So Many Reasons to Launch your Startup in Greater Montréal - Montréal International
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So Many Reasons
to Launch your Startup
in Greater Montréal
Downtown Montréal © Montréal International
Content 01 02 03 04
A Booming Startup A World Leader in High Major Events Happening An Exceptional Quality
Ecosystem Value-Added Sectors in Montréal of Life
p.3 p.10 p.23 p.24
2
A booming startup ecosystem
▪ Canada is the most attractive country in the world
for entrepreneurs according to the OECD
▪ 30+ incubators and accelerators helping startups
grow to the next level
▪ 45+ coworking spaces to host scaling startups
▪ US$1.7B+ in VC investments since 2018
in Montréal
▪ Four of the five most active VCs in Canada are
based in Montréal
▪ 286+ VC deals in 2019
Source: OECD Indicators of Talent Attractiveness, 2019; “Global Ecosystem
Report” 2018; Credo, “Montréal Startup Ecosystem Report”, 2016; “Midterm
Report” – Smart City, February 2017; PwC Canada | CB Insights, Canadian 3
Crew Collectif & Café © Susan Moss Report “Money Tree”, 2019.
A place where startups scale
Highest rounds raised in the last year by Montréal
startups:
raised US$210M – July 2019 Series D
raised US$151M – Sept. 2019 Series B
raised US$82.5M – Sept. 2019 Series B
raised US$70M – May 2020 Series E
raised US$40.3M – Nov. 2019 Series A
raised US$37M – January 2020 Series C
raised US$28.4M – June 2020 Series B
4
© Element AI
Launch of Bonjour Startup Montréal, positioning the city globally
5
Montréal startup ecosystem at a glance
6
Source: Bonjour Startup Montréal, 2020.
Some of the leading startups in Montréal
AI Life Sciences Travel and mobility
Finance PropTech Creative Industries
7
Globally recognized
university entrepreneurship
centers
8
McGill University © Montréal International
Leading generalist incubators
and accelerators in Greater
Montréal
9
Founder Fuel © Tora Photography
A major software and IT services player
Major companies located in Greater Montréal
▪ 179,000+ IT professionals and 5,000+ companies
▪ Ranked 7th in North America for IT jobs
concentration in 2018
▪ Most competitive operating costs in Canada
and the U.S. for software development, ahead
of Toronto, Boston, New York and San Francisco
(29% average cost advantage)
▪ Advantageous incentives: tax credit equal
to 30% of eligible salaries and expenses for
E-Business Development and R&D
Source: Montréal International’s estimate based on the 2018 TECHNOCompétences’ Labour Diagnostic in ICT in Québec Techno Montréal, 2017; Statistics Canada, 2019; and
Bureau of Labor Statistics (BLS), 2019; fDi Benchmark, 2019.
10A world-class hub
in artificial intelligence
▪ $2B+ AI investments in Greater Montréal since
2016
▪ The Canadian government chose Montréal as
headquarters for scale ai, Canada's AI supply
chain supercluster.
▪ A community of more than 500 researchers and
graduate students at Mila—the world’s largest
academic research lab in deep learning and
reinforcement learning.
▪ Sample of major players located in Greater
Montréal:
11A few of the world leaders developing their AI expertise in Montréal
Oct. 2017
Jan. 2018
opens its second May 2018 Nov. 2019
Nov. 2016 international AI expands Sept. 2018
lab in Montréal research lab
and hires Geoff creates an AI Dec. 2018 April 2019 establishes
April 2017
Gordon to be innovation expands its lab strategic
opens Google
picks Montréal the lab’s new centre – 60 to accommodate alliance with
Brain Montréal
opens an for new AI global research new jobs in 3 up to 60 opens an opens an AI Québec AI
headed by Hugo
AI lab hub director years researchers AI office lab Institute Mila
Larochelle
Sept. 2017 Nov. 2017 March 2018 June 2018 Oct. 2018 Jan. 2019 May 2019 Feb. 2020
Jan. 2017
opens Facebook RBC opens opens an opens an AI Centre opens an launches announces
acquires major expansion
AI Research AI lab Techstars, AI lab and expands AI AI innovation its global AI
Maluuba and in Montréal
headed by Joëlle along with research presence in lab accelerator
announces it
will hire 40 AI Pineau, Real Ventures North America June 2020
Associate announce the June 2019
specialists
Professor at opening of a new choses Montréal
McGill AI accelerator First VC from Silicon for its most
University in Montréal Valley to open an opens an
important
office in Montréal AI lab
expansion
Other foreign companies flourishing in Greater Montréal
12A collaborative artificial
intelligence sector
Incubators and accelerators
Axe IA
Collaboration and support
Investors
13
Downtown Montréal © Montréal InternationalA thriving creative industry
Major companies
located in Greater Montréal
#1 5th
Largest VFX and Largest video
animation hub in game development
Canada and an hub in the world
industry world
leader
And several other
5th growing sectors
Highest
concentration of VR/AR
tech jobs among
Canadian and U.S. Data Centres
metropolitan areas
Cybersecurity
14
Source: Techno Montréal, 2017; Scoring Tech Talent in North America 2019, CBRE.A creative ecosystem
Incubators and accelerators
Collaboration and support
Investors
15
Chromatic Festival © Bruno DestombesA FinTech and financial services hub
Major companies located in Greater Montréal
▪ 108,000 jobs and over 5,000 companies
▪ 1st in North America for green finance according
to the Global Green Finance Index 2019
▪ 7th largest international financial centre
in North America according to the Global
Financial Centres Index 2019
▪ 250 pension funds of various sizes
and a Retirement and Savings Institute
▪ Most competitive operating costs
in Canada and the U.S. for banking operations
(25% cost advantage)
▪ Advantageous incentives: refundable tax credit
equal to up to 24% on eligible salaries for
international financial centres
16
Source: Finance Montréal, fDi Benchmark, 2019.Montréal is a key region for world leaders in FinTech to support
their North American activities
2016
2018
2008 2011
75+ jobs
50+ jobs
1500+ jobs 300+ jobs
and growing
6+ jobs
2007 2009 2013-14 2017 2019
50+ jobs 300+ jobs
17An amazing playground
for FinTech companies
Incubators and accelerators
Collaboration and support
Investors
18
Downtown Montréal © Montréal InternationalLife sciences and health technologies: 6th in North America
Major companies located in Greater Montréal
▪ 56,000 industry jobs in Québec
(80% in Greater Montréal)
▪ 650 companies
▪ Most competitive operating costs in Canada
and the U.S. for bio-pharma, clinical trials, life
sciences R&D, and medical devices
▪ Internationally-acclaimed fields of expertise:
Cardio-vascular Aging
Oncology
and metabolic
diseases Cellular therapy
Infectious Neuroscience and regenerative
diseases and mental medicine
health
Precision Medical imaging Big Data
medicine and cytometry and
AI
*Note: Among the 20 biggest cities in Canada and the U.S.
19
Source: Ministry of Economy, Innovation and Exports, 2017; Montréal Invivo 2017; Statistics Canada, 2019 and Bureau of Labor Statistics (BLS), 2019; fDi Benchmark, 2019.Flagship programs
to accelerate discovery,
development and
commercialization
Incubators and accelerators
Collaboration and support
Investors
20
© BIXI MontréalA leader in cleantech and intelligent mobility
▪ 500+ innovative companies specialized in clean
technologies Major companies located in Greater Montréal
BIXI is a public bicycle sharing system
launched in Montréal in 2009 and
owned by PBSC Urban Solutions.
Its services are available in 33 cities,
with 84,000 bikes and 6,800 stations
around the world.
Hydro-Québec, state-owned electricity
(99% green and renewable energy)
Thanks to its abundant supply
of renewable, stable and low-cost
hydropower, Greater Montréal has one
of the lowest electricity prices in
North America: 3.98¢ CA/kWh*
21
Source: Hydro Québec, 2019; Lion Électrique, 2019; Écotech Québec, 2018.A supportive ecosystem
in cleantech and intelligent
mobility
Incubators and accelerators
Collaboration and support
Investors
22Major events happening in Montréal
World Summit AI Startupfest
April 2021 July 2020
americas.worldsummit.ai startupfestival.com
C2 Montréal Canada FinTech Forum
Fall 2020 Fall 2020
c2montreal.com www.forumfintechcanada.com
MOVIN’ON Montréal International
June 2020 Game Summit
movinonconnect.com November 2020
Megamigs.com
Effects America Aéromart Montréal
June 2020 April 2021
effects-events.com montreal.bciaerospace.com
23Globally recognized
Most reputable city in the Americas
Reputation Institute, 2018
Best city in Canada and 6th in the world
Time Out, 2019
Best student city in the Americas
QS Best Student Cities Rankings, 2019
Best city in the Americas for its quality of life
Knight Frank, City Wellbeing Index, 2020
Most affordable major city in Canada and the U.S.
UBS Prices and Earnings, 2018
Best Cycling City in North America
Coya, Global Bicycle Cities Index, 2019
Second most walkable city in Canada
Walk Score, 2020
UNESCO City of Design since 2006
Top host city in North America for international
association events
Union of International Associations (UIA), 2020
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Montréal’s Olympic Stadium © Parc olympique“The reason we've been able to attract so “Greater Montréal offers life sciences “Microsoft is excited to engage with
much talent to Lightspeed from all over companies a very welcoming environment, faculties, students and the broader tech
the world is because this is a vibrant city, with a very open spirit of collaboration community in Montréal, which is
with several renowned universities and an among universities, research institutions, becoming a global hub for AI
affordable quality of life. That's a context industry, and governments. I would also research and innovation.”
that simply doesn't exist elsewhere […]. like to mention the strategic support
Montréal benefits from first-rate investors, provided by Montréal International, which, – Brad Smith, President,
and economic hubs such as New York, along with its partners, has actively Microsoft
Toronto and even Europe, which are very contributed to our company’s growth.”
easily accessible. We're really here to
stay.” – Neil Fraser, President,
Medtronic of Canada
– Dax Dasilva, CEO, Lightspeed
“We like to hire really smart problem “Other regions offer one or more of these “We will leverage Montréal’s unique
solvers, and Québec universities are key success factors, but Greater Montréal ecosystem of world class talent and
producing the kind of talent we need. Our stands out because it has succeeded in creativity to advance the applications of
decision [to locate in Montréal] was based combining them into a socio-economic ethical artificial intelligence world-wide.”
on a market study that looked at the model that is closely aligned with our
availability of skills in local markets, market needs.” – Patrice Caine, Chairman and Chief
size, costs, local incentives, university Executive Officer, Thales
programs and number of graduates.” – Francis Baillet, Vice-President,
Corporate Affairs, Ubisoft Montréal
– Alan Vesprini, Managing Director,
Morgan Stanley's Montréal Technology CentreContact us
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