Quebec shelled out $6.5 million to a new Startup Montreal program with the aim of helping hyper growth companies to boost their international development
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Why you Should Choose Montreal for Your New Tech Startup.pdf
2. Montreal is one of the fastest growing cities in North America. The
city is currently going through a great transformation driven by
technology, healthcare, and artificial intelligence. It's becoming a
home to start-ups, cutting-edge health technology companies,
well-established organisations among countless others.
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3. Only recently, Quebec shelled out $6.5 million to a
new Startup Montreal program with the aim of
helping hyper growth companies to boost their
international development. This is just one out of
the many financial programs, grants, and
subsidies that the government is leveraging to
promote business growth. "Whether you are in
finance, health, clean energy, or art, there is
financial help awaiting you. The government
shows forth with financial assistance while you
get to focus on other key areas of your business,
Hershey Rosen says". Hershey Rosen is a
business consultant and a founder of many
successful start-ups.
Political
support
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4. Lower cost of real
estate.
If not anything, the low cost of real estate as
compared to other big cities like Toronto is enough
reasons to set your business in Montreal. Montreal is
known as one of the cheapest cities in Canada when it
comes to real estate with rents and housing. Although
prices in real estate are now climbing up, it's still
nothing compared to other major cities. Businesses
have rents and office space to worry about. And when
they can keep this at bay while keeping costs lower,
it's enough to entice them to Montreal.
5. Community
support
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Startup compasses named Montreal as one of the top 20 startup
ecosystems in the world for good reasons. Despite the diversity,
the city is closely knitted with a community of both well-
established organisation, incubation and startups. This is bolstered
by various events such as startupfest, a well-renowned event that
commands the presence of business gurus, groundbreaking
innovators, entrepreneurs and great speakers across the globe.
Moreover, supportive non-profits and incubators such as Montreal
NewTech and Notman House are bringing together startups to rub
minds and promote business."Having a community of like-minded
people where you can have a sense of belonging and remind you
that you don't have to go solo as an entrepreneur is a huge plus",
Hershey Rosen noted.
6. Proximity
to top
corporate
in the US
Montreal's strategic location is also one
of the reasons that attracts many
business owners. Top companies in
NewYork, Boston and other cooperatives
in the US are simply a few miles away.
Businesses that are aspiring to extend
their operations across Canadian borders
can consider Montreal. Travelling or
visiting big business hubs is really not a
hassle.
7. Access to wide
pool of talents
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Montreal boasts of a well-educated, highly
skilled workforce together with top universities
producing thousands to millions of talents every
year. Think innovators, marketers, developers,
creative thinkers, think Montreal. Moreover, as
the country is also seeing an incredible growth in
hottest sectors including AI, cyber security, IT,
video games, animations, many talents ready to
explore what the city has to offer find this
attractive. Not to talk of a city that thrived on
exploration and discovery, there is definitely
more awaiting your business.
8. With more than 120 cultural communities, Montreal is one of the
most cosmopolitan cities in the world. This makes it, of course,
an island of diversity with diverse talents and markets. It is a
multiplicity of ideas, creativity, lifestyle and identities and having a
startup here means operating in a diverse environment. It is also
known to share fascinating ties with Europe in different ways.
Montreal takes pride in its rich history and showcases an ideal
blend of North America and European culture. Startups willing to
extend internationally will find it easy to connect. However, this
might require you to start developing an international mindset
including understanding and conducting business both in French
and English.
Diversity and
international business
9. With these points, Montreal seems to
know how best to attract startups and
create a great culture that will set them
up for success. It's time to grab your bag,
take the next Montreal flight and start
planning your next startup business.
Bonjour techie!