2021-05-07
Montréal assets
Montréal assets

Exhilarating, authentic, welcoming, perfectly imperfect

Montréal by the numbers

Startups
1245
Montréal has succeeded in creating a strong pool of startups.
Funding programs
32
There are many funding sources for startups: venture capital, grants, all kinds of tax credits
Investment
$520M
Investments in startup funding are greater every year. The average amount of startup funding is $762,000.
Universities
11
Montréal has been named the Best Student City in the Americas and 6th in the world. The university capital of Canada, it has more than 200,000 university students.
Potential customers
1.5B
Only Canada has free trade agreements with all the G7 countries, 52 countries in all. Greater Montréal is designated as a Foreign Trade Zone of Canada, which can allow exemptions from customs duties and taxes.

Montréal is booming! Bilingual and bicultural, our city is a beehive of creative talent. Recognized as Canada’s cultural capital, it was named a UNESCO City of Design in 2006.

Montréal today welcomes a growing community of entrepreneurs, the outcome of its decision nearly 10 years ago to deploy capital, intelligence and support to lay the foundations of a strong ecosystem.

Video

What makes Montréal exceptional

With over 4 million inhabitants (Greater Metropolitan Area), this vibrant city with its unique character accommodates an incredible tight-knit community of entrepreneurs, which can inspire and support you throughout your progress. In Montréal, you will also find the necessary financing to launch or grow your startup. You will have access to many government grants and several investment firms.

Montréal assets

Montréal is a university city par excellence. It attracts students and researchers from all over the world for its specialization in artificial intelligence, but also for its quality of life.

- Sylvain Carle, SecondMuse Capital

A global artificial intelligence hub

Montréal is home to the world’s most prestigious artificial intelligence institutions, such as SCALE AI, MILA and IVADO. The metropolis has seven accelerators, nine research centres and 16 private laboratories. Thanks to these institutions, many startups in sectors such as life sciences, agri-food, robotics and video games have integrated artificial intelligence into their business models.

Discover our map for Montreal’s artificial intelligence ecosystem.

Montréal assets

Startups are at the core of Montréal’s entrepreneurial sector. They provide powerful leverage for the economic development of our metropolis.

- Valérie Plante, Mayor of Montréal
Montréal assets
Next Up

Map of the Startup Ecosystem