Small or big, Montreal has something to offer
Our collaborating partner, Benoit Larouche from Invest Quebec, shared two real-life use cases of companies at opposite ends of the labor spectrum. On one end, a 250-person Fintech company from NY created a center of excellence in Montreal and managed to grow their workforce by fifty employees in less than two years. On the other end, a 13-person IoT company in New Jersey moved to Montreal and succeeded in meeting labor cost requirements, while also securing work permits for key employees.
Louise Thiboutot, Director of Business Development from Montreal International, also explained that regardless of the size of a company, she organizes tailored visits to Montreal, introduces companies to the right partners, and directly assists with international mobility and talent acquisition.
What’s expected from NY-based AI and NLP entrepreneurs as a result?
It isn’t difficult to find an incentive for AI and NLP companies to relocate, in part or entirely, to Montreal. Paraphrasing the sentiment of the speaking panel, New York City is “overheated,” and the real opportunities for funding, growth, and success are in Montreal.
In summary, we curated a valuable experience for all companies in attendance – large and small. It’s rare to see a Wednesday night crowd so engaged from 6:00 pm until 9:00 pm, so we thank all attendees for making it out.
The end result from this initiative is the expectation that NY-based entrepreneurs will start to leverage abundant financial incentives in Montreal to compete globally.
Moving North will be travelling to Boston on March 21st and plans to visit Europe in Q4 of 2018. Tickets for the Boston event are available here.
Be sure to follow the #movingnorth story on Twitter and LinkedIn.