R&D Partners is proud to announce Moving North, a series of events across the US and Europe with the mission of providing direct support to entrepreneurs looking to establish their Research and Development teams in Montreal. The events are presented in collaboration with Fundica, Global Affiars Canada, Invest Quebec, Montreal International, Andersen Tax. Community support is provided by Creative Destruction Lab Montreal.
Montreal is undoubtedly a global leader in Artificial Intelligence (AI) and Natural Language Processing (NLP). With the highest concentration of deep learning researchers and over $1.3 billion locally invested in AI and NLP projects, there has never been a better time to engage the tech community in Montreal.
Montreal is notorious for having a winning formula for growing tech companies to thrive:
Abundant government funding: Home to the highest rate of government funding for R&D in North America, corporations can receive a refund of up to 74% of an engineer’s or developer’s salary for eligible R&D work, while individuals moving to Canada and involved in R&D can receive a five-year personal provincial income tax holiday. Significant grants for hiring, training, marketing, and other activities are also available.
High concentration of universities and specialized talent: With over 9 000 university students in the field of AI or Data Science, Montreal has the largest university research center in Canada, with a model based on collaboration and public/private partnerships. Home to Institute for Data Valorization (IVADO) and Montreal Institute for Learning Algorithms (MILA), one of the largest public deep learning labs.
Thriving Startup Ecosystem: Home to 26+ incubators and accelerators, grassroots AI groups, such as MTL Data and MTL Machine Learning, and over 20 affordable co-working spaces.
Low operating costs: Running a business costs less in Montréal than in any other major North American metropolitan areas. This is supported by competitive salaries ($86,418 avg. salary for a Software Developer), affordable rent (avg. rent is $21/sq. ft), and low energy costs. The first events are in New York City and Boston on Jan.31 and March 21, respectively. The theme for both events are AI and NLP. European events in London and Paris are scheduled for Q4 of this year.