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QUEBEC TECH
Quebec, a leading potential in terms of innovation
Québec’s technical know-how shines on the international stage. By leveraging our collective strength, our immense talent pool, and our countless resources, we can raise Quebec to rank among the best worldwide.
Québec tech: fertile ground for innovation
It is the collective strength of those who invent, finance, support, and adopt the technology developed here. Startups, large companies, investors, government institutions, and support organizations join forces to propel technological solutions designed in Quebec. Together, we rely on collaboration and pride in “made in Quebec” to create local value with global ambition.
Discover a brand new report by Dealroom on the Quebec startup ecosystem.
Number of active startups in Quebec
Monetary value of Quebec startups on the market
Fertile ground for investing
Number of local and international investors involved in the growth of Quebec startups.
Information technology, energy, health tech, clean and sustainable tech. The hottest sectors for venture capital
1st row
Québec ranks 1st worldwide for the number of AI engineers per million inhabitants
10th
Montreal ranked among the world’s top 10 centers of digital creativity and 13th for the best student city in the world.
Home-grown talent recognized abroad
Year after year, Quebec trains qualified and promising talent.
Montreal, Quebec City and Sherbrooke: 3 major regional hubs.
These 3 cities stand out because of their concentration of resources, infrastructures, and business communities. They provide an interconnected and complementary network for startups in Quebec. In total, they host 88% of startups in Quebec.
Montréal
The Montreal Metropolitan Community is home to 77% of startups in the province, or 2,128, at various stages of growth in a multitude of business sectors.
Montreal is the university capital of Canada with 15 university campuses. With +200,000 university students, the city is named the best student city in North America.
Amount invested in venture capital (2019-2023) and $616M in 2024
Montreal is a strategic gateway to North America for European markets. You can fly from Montreal to New York, Boston, and Toronto in 90 minutes or less!
Montreal is a UNESCO city of design and has seen the birth of creative giants such as Cirque du Soleil and Moment Factory. It hosts international events such as C2 Montréal and +100 festivals every year.
Montreal is one of the most affordable cities in North America with operating costs that are 30% lower than average and 30% tax credits for R&D expenses.
Montréal est un pôle mondial reconnu en intelligence artificielle, mais aussi en technologies du divertissement et sciences de la vie.
CDL – Next AI, CTS Santé, Centech, Cycle Momentum, District 3, Esplanade Québec, Garage & Co, La Base entrepreneuriale, MT Lab, McGill Dobson Center, Zú, Espace Aéro
Quebec
This is the amount invested in startups in the Quebec City region between 2015 and 2024, including $213 million in 2024
Quebec is an important digital hub with 266 startups incorporated in the National Capital.
The Quebec region has six universities including Laval University (19th in the world). It is the city with the largest number of researchers per inhabitant in Canada (211 per 100,000 inhabitants)
The cost of research and development (R&D) in Quebec City is 30.1% cheaper than in major American cities.
Quebec benefits from efficient transport infrastructures, with the Port of Quebec, a strategic hub for North American port traffic, which has its own innovation laboratory: Le Phare.
The cost of electricity in Quebec is among the lowest in the world thanks to hydroelectricity, a considerable economic advantage for technology companies.
Quebec stands out in applied and optical technologies (with the National Institute of Optics), quantum (with Quantino) and information technologies (cybersecurity, insurtech, fintech).
THE CAMP, 2 Degrees, Quantino, Coop Carbone
Sherbrooke
This is the number of startups that the city of Sherbrooke is home to, making it the 3rd largest hub in the province.
Sherbrooke is home to 3 major academic institutions, +44,000 university students, it is the 4th student city in Canada and the 1st city for the quality of life offered to students.
The amount invested in venture capital in startups in 2023, including $20 million in quantum innovation startups.
The Sherbrooke ecosystem shines through Espace-inc, an incubator for technological startups, and the Accelerator for the Creation of Technological Enterprises (ACET). It draws its strength from the proximity between startups, universities and research centers.
Only 90 minutes from Montreal, and in the heart of the Eastern Townships, Sherbrooke is a crossroads for trade between Canada and the United States.
Nestled in the heart of nature, between mountains and lakes, Sherbrooke combines the quality of life of a medium-sized city with access to cutting-edge services.
Sherbrooke, a hub for quantum technologies, is home to the Quantum Institute of the University of Sherbrooke and the DistriQ quantum innovation zone. A dedicated fund, Quantacet, was recently launched.
ACET, Technum, DistriQ, Magog Technopole
Tech companies supported by Québec Tech
Radar: your ecosystem analysis tool
Get familiar with the Radar platform, a tool developed with Dealroom, which brings together the most relevant information from the startup ecosystem. Radar allows you to explore all the data on startups throughout Quebec.