Montreal is the cosmopolitan cultural hub of the Francophone community in Canada, and is just now beginning to grow its startup ecosystem. The provincial government is striving to make it easier to hire talent, using a combination of tax credits and favorable immigration laws that remove obstacles for talent to immigrate to Québec. This is also amplified by the presence of four excellent universities, most notably McGill and Université de Montréal, making the city a magnet for talented young people. Montreal’s location in North America, combined with its French heritage, makes it a great entry point for the European market. However, there is a feeling of being “under siege” culturally, and the government has been very active in promoting French over English. While Montreal may be a less developed ecosystem when compared to Toronto and Waterloo, the angel scene is more structured and less fragmented. Despite this, the angels in Montreal function closer to Series A investors, meaning that pre-revenue startups are not funded by angels, and instead rely on beneficial government programs.
These businesses offer industry expertise and are a source of startup talent and potential customers. They help fuel the local startup community.
Up and coming startup
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Up and coming startup
Up and coming startup
LP is the founder of bus ticketing platform Busbud, which has quickly become Montreal's hottest new startup. Previously, he worked at Yahoo, LinkedIn and Radar Networks and has been the co-creator of Startup Open House, Entrepreneurs Anonymous, and La Tournée des Entrepreneurs and co-director of Founder Institute Montreal.
Chris is the Managing Partner at iNovia Capital, a venture capital firm with $275 million under management across three seed and early-stage funds. He has been involved in numerous initiatives, including the ENABLIS Entrepreneurial Network Inc., a $25 million G8 sponsored venture capital seed fund.
BDC Capital is a subsidiary of the Business Development Bank of Canada, and has both VC and growth funds. In his position as Associate Director, Charles focuses on early stage opportunities. Previously, he was the senior investment analyst on the founding team of Inflection Point Capital Management.
Sergio is the Program Director for Techstars' Startup NEXT pre-accelerator program in Montreal. He is also the Managing Director for the Founder Institute, where he brings best practices from Silicon Valley to Montreal.
Mike serves as the Chairman of Anges Québec, the largest angel group in Montreal, and as a Director at PasswordBox. Previously, he served as Director of Sonoma Capital and at iBwave.
John cofounded Real Ventures in 2007, after several startups that he built in the mobile, media, and web spaces. He is also a Managing Partner at Montreal Start Up and holds board seats at several startups.
Francois is the Managing Director at the largest angel group in Montreal, Anges Québec. He is also the CEO of FIER Succès, a Québec-based VC firm, and serves on the boards of several companies.
Daniel founded PasswordBox in 2012, and sold it to Intel Security in December 2014. He is currently an limited partner in 6 VC funds and he is active angel investor in over 30 startups.
As the founder and CEO of Nexalogy, a social discovery startup, Claude is an integral member of the startup community in Montreal. Additionally, he serves as a mentor for the Founder Institute.
Alan has been a venture investor since 1997, when he founded GSM Capital. He cofounded Real Ventures, and serves as President of the OSMO Foundation and as a board director of the McCord Museum, the Quartier de l’Innovation (QI) and the Mobile Giving Foundation Canada.
Consisting of around 180 investors, Anges Quebec is the most significant angel network in Montreal. They continue to lead the way, investing in dozens of startups annually.2008
The central hub for Montreal's startup community, Notman House opened with help from the OSMO Foundation. It continues to be a center of activity for the ecosystem, hosting numerous events and incubating dozens of startups.2011
Conference held every July that convenes over 2,000 founders, investors, and community leaders from all over the world to Montreal. The winner of the event's pitch competition receives a $100,000 investment.July, 2011
An accelerator founded by Canada's largest early-stage investor, Real Ventures, Founder Fuel gathers 85 mentors to lend their knowledge and experience to each batch of startups they take in.July, 2011
École de technologie supérieure (ÉTS) and McGill University launch the Quartier de l’innovation de Montréal (QI). Located just steps away from downtown Montreal, organizations, researchers, and students will work together to enhance Montreal’s potential for creativity and innovation.May, 2013
The Founder Institute, a global startup accelerator, opens its first Canadian branch in Montreal. The accelerator brings best practices and advisors from Silicon Valley to communities across the world.March, 2014
Teralys Capital closes its $279 million Teralys Capital Innovation Fund LP. Teralys is Canada's largest venture capital fund-of-funds manager.November, 2014
Co-founded by Daniel Robichaud in 2012, Intel acquires PasswordBox for an undisclosed sum. The founders of PasswordBox have gone on to become active angel investors in the Montreal ecosystem.December, 2014
Breather, an on demand private room service, raises $20 million in a Series B round led by Peter Theil's Valar Ventures. The round also had participation from Real Ventures, RRE Ventures, Slow Ventures, and SOS Ventures.September, 2015
BDC Capital launches its IT Venture Fund II, a $150 million venture capital fund for the Canadian IT sector. This second fund brings the amount under management by the BDC Capital IT Venture Fund group to $300 million.February, 2016