Start-ups: choose Montréal for its “support systems”

October 18, 2018

  → An exclusive interview with Laurie Paquet, Vice President, Assistive Technologies, KINOVA

Did you know Montréal has one of the world’s best startup ecosystems? With $800 million in venture capital financings in 2017, Montréal’s ecosystem is positioned as the best for attracting financing in Canada!

Behind a startup is a brilliant idea and a dream to see it become reality. Inspired by an uncle with muscular dystrophy, the founder and CEO of Kinova developed assistive robots to help improve people’s lives. Today, this Québec company has become a world leader in innovative robotics with a remarkable growth rate that saw its revenues increase 800% in five years.

For Laurie Paquet, Vice President, Assistive Technologies at Kinova, what sets Greater Montréal apart is:

1) An advantageous cost structure with subsidies, incentives and R&D tax credits.

2) A diverse, multilingual pool of talent—+100 languages are spoken in the city.

3) Worldwide acclaim for its high-tech sectors, including artificial intelligence and life sciences and health technologies.

An ecosystem that supports entrepreneurship

With more than 30 business incubators and accelerators, Montréal offers a dynamic ecosystem with solid expertise in supporting startups from their earliest stage. “Montréal attracts startups because there’s energy and a lot of expertise in entrepreneurship as well as subsidies and tax credits,” says Laurie Paquet. When businesses reach the growth stage and are looking for new markets, they can count on mentoring and advice from experts. This assistance is crucial for their growth and maintaining their independence.  

Are you an international entrepreneur who wishes to launch your startup in Montréal? Montréal International can assist you, free of charge.

Discover the advantages Greater Montréal has to offer your business:


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