2024-05-22
FAQ – All About Our New Mandate

FAQ – All About Our New Mandate

by Startup Montréal
17 May 2024

Why change our mandate?

On May 15, 2024, the Quebec government announced a $7 million funding over three years to Startup Montréal as part of the Québec strategy to support research and investment in innovation 2022-2027 (SQRI2). This funding will support the implementation of services aimed at promoting the expansion and commercial success of high-growth potential tech startups by offering them visibility and opportunities both locally and internationally.

What will Startup Montréal become after this transition to a new mandate?

The new service offering we are developing will be unveiled at Startupfest. In general, we will remain an organization that supports entrepreneurs, but we will focus on high-growth potential tech startups across Quebec. Our ambition is to establish ourselves as a catalyst and essential pillar in the expansion and commercial success of startups, offering them visibility and opportunities both locally and internationally.

What will be the new mission of Startup Montréal?

In its new role, Startup Montréal, as a catalyst for Quebec’s tech entrepreneurial ecosystem and with the support of its partners, aims to propel high-growth potential tech startups internationally. Its ambition is to position the province as a global reference for generating innovative tech companies.

Will any of Startup Montréal’s programs be transferred to other organizations? Will the programs, services, and resources offered by Startup Montréal change under this new mandate?

Thanks to the funding received from Ministère de l’Économie, de l’Innovation et de l’Énergie (MEIE), Startup Montréal will develop services and resources in collaboration with several partners that startups will benefit from for their international growth. This strategic direction means we will review our operations to ensure they best serve this mission. As part of this realignment, we are working to revise our entire service offering, which means some of our current activities will be transferred to partners to avoid any gaps in this ecosystem.

Will Startup Montréal be responsible for the Ax-C hub? What is the relationship between Startup Montréal and the Ax-C hub?

The École de technologie supérieure (ÉTS) is responsible for developing the Ax-C hub. However, our missions are closely linked, both stemming from the Québec strategy to support research and investment in innovation 2022-2027 (SQRI2) and aiming, among other goals, to support innovative tech entrepreneurship and stimulate investment and commercialization of innovations. The Ax-C hub, being a central element of Quebec’s entrepreneurial ecosystem where we will also establish our offices upon opening in Spring 2025, is essential for some of our activities, though they will not be limited to this space.

I am a startup and want to benefit from your services and resources related to international commercialization. How do I proceed?

The process and selection criteria will be announced during Summer. The first group of startups we will support under our new functions will be selected in the Fall of 2024. Subsribe to our newsletter and follow us on LinkedIn to stay informed about updates on this matter.