Planning to start a business in an innovative field? Whether it’s in Aerospace, AI, Deep Tech, FinTech, Gaming, Life Sciences or social innovation, Montréal has the right, strong supportive startup ecosystem with specified incubators, accelerators, VCs and government bodies to help you on your journey.
When you come to Montréal, prepare to spend less on everything—from real estate to education to health care. The cost of living in Montréal is lower than in other major U.S. and Canadian cities and even most big cities in the world (UBS, 2018).
Montréal’s key sectors have the lowest operating costs among the 20 largest cities in Canada and the U.S. (fDi Benchmark, 2018).
Montréal also has the resources you need to get your tech startup off the ground:
R&D credits to recoup your R&D costs
Innovation funding under the Industrial Research Assistance Program (IRAP) – as a direct grant
And many other grants and incentives
Building on its internationally recognized technological excellence and critical mass of innovative companies, Montréal has become a vibrant world-class hub for AI, IT, health tech and aerospace. The city has recently attracted major investments by leading companies such as Google, Facebook and Microsoft.
Montréal has a highly qualified pool of talent, including 200,000 university students, and the highest concentration of tech sector jobs across Canada, with over 277,000 people working in STEM fields, 136,100 being employed in creative industries, and 341,000 holding managerial and professional positions.
Enjoy great quality of life and a vibrant cultural scene in the safest big city in Canada and the U.S. Named best city in the Americas for millennials, Montréal is home to a diverse population speaking over 100 languages, with 54% of the city’s residents being bilingual and 20% speaking at least three languages.
“Montréal is a hot place to start a venture. There are a lot of tech incubators here – but more importantly – they are really capturing the passion of young graduates coming out of our great colleges and universities. For example, while an incubator in Los Angeles might attract 75 applicants, a similar tech incubator in Montréal will attract 400.”
“We found Montréal to be the most undervalued startup ecosystem in North America.”
“We have the political will and key investment tools to get companies to come and invest in Québec.”