Greater Montréal’s high concentration of scientists and specialized training centres make the region one of North America’s premier nanotechnology hubs. These emerging technologies can provide a net competitive advantage to businesses involved in microsystems and advanced materials. This fast-growing sector is of strategic importance to Greater Montréal as its core industries comprise aerospace, life sciences and health technology, information technology and clean technology.
At a Glance
- $400 million in cutting-edge equipment
- 32 research chairs
- 225 specialized researchers
- The presence of recognized industry leaders, including : Rio Tinto Alcan, CelluForce, Dassault Systèmes, Novartis, MPB, Pratt & Whitney, Teledyne Dalsa, Xerox, and Hydro Québec
Top Six Reasons to Choose Greater Montréal
1. Proximity to Demand-Generating Sectors
Aerospace, life sciences and health technologies, and information and communications technologies (ICT) are the three mainstays of the Montréal region’s economy. They are also the biggest potential users of nanotechnology. Setting up operations in the region is thus a particularly strategic move.
2. College- and University-Level Nanotechnology Expertise
- 34,000 university students enrolled in high-technology programs
- 9,600 new graduates in high-tech sectors each year, including 7,400 university-level graduates (scientific training) and 2,200 college-level graduates (technical training)
- 360 professors and 2,200 students with access to Québec’s nanotechnology infrastructure
3. Dynamic R&D Sector
With its 32 research chairs, 225 specialized researchers and ultramodern facilities, Greater Montréal is a world-class destination. The centres of scientific excellence most closely involved in the nanotechnology sector include:
- Centre for Biorecognition and Biosensors (CBB)
- McGill Centre for the Physics of Materials (CPM)
- McGill Institute for Advanced Materials (MIAM)
- MiQro Innovation Collaborative Centre (MIC2)
- Concordia Centre for Composites (CONCOM)
- Industrial Materials Institute – National Research Council Canada (IMI-NRC)
A non-profit organization that acts as a driving force and structuring agent that coordinates the research network and finances partnerships between businesses and research centres.
5. Generous Tax Credits and Incentives
Nanotechnology firms setting up in Greater Montréal have access to a number of federal and provincial support programs, such as:
- Tax Credit for Scientific Research and Experimental Development
- Financial assistance for job creation and training
- ESSOR fund for major projects
- Tax holiday for foreign researchers and experts
Additional assistance is also available through the NanoQuébec financial assistance program for industry–university networking programs.
6. Lowest Operating Costs in North America
Incentives combined with the low cost of labour, office and industrial space, and electricity make Greater Montréal the ideal location for setting up a business. According to KPMG (2013), Metropolitan Montréal ranks first among the 20 largest cities in North America in terms of competitive operating costs. The cost advantage is more than 10% for all sectors combined compared to the average for the other 19 major cities.
Source: NanoQuébec, 2013