Technology

Montreal tech start-ups receive nearly $ 3M

The Bonjour Startup Montréal incubators, Centech and CEIM will share a new prize pool of $ 2,809,100 in order to support young shoots that capitalize on advanced technology in Montreal, announced the Minister of Economic Development and Official Languages, Mélanie Joly.

These are nearly 600 start-up who will ultimately benefit from this envelope.

“The big concern we had, when there are so many risks in going into business, is that we don’t end up having a drop [du nombre] start-up companies, we did not want to lose Montreal’s competitiveness compared to other jurisdictions in the world, ”explained to Deals Minister Joly.

This is the first time that Canada Economic Development (CED) has supported the Bonjour Start-Up Montreal incubator. This assistance of $ 125,000, granted under the Economic Growth of Enterprises and Regions through Innovation (CERI) program, will enable it to develop its open innovation platform Inno Startup, officially launched Thursday.

This connects large organizations grappling with a challenge and start-up companies with innovative solutions. This project, which began at the start of the pandemic, aims to present to more than 20 large organizations annually the solutions of 400 start-up.

“The mutual benefits are many. The start-up are agile and creative, and offer affordable technological solutions. Large companies need to innovate quickly and getting there is often more complex, ”illustrates Liette Lamonde, President and CEO of Bonjour Startup Montreal.

It is this program that charmed the government organization. “One of the ways to help start-ups […] is to increase their sales […] And the more we can create these bridges and these opportunities for these companies, the better it will go, ”said Minister Joly.

The Center for Business and Innovation of Montreal (CEIM) and the Center for Technological Entrepreneurship of ÉTS (Centech), with which CED has “a long relationship of trust” according to Mélanie Joly, saw an envelope of $ 2,190,000, first granted in 2017, to be renewed. These two incubators, which respectively obtain $ 1,740,000 and $ 450,000, will use these sums to improve their support activities.

A second financial support of $ 494,100 from CERI was also granted to CEIM for the development of a mentoring program dedicated to exporting which will support 6 businesses annually. Four international trade missions, the first of which should take place in the fall of 2021, are planned.

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