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These 23 Companies Want To Help Create Montreal’s Next Digital Evolution

FinancingCanada continues to produce some of the greatest We now present to you the first issue of “Fun Facts,” where we share a little tidbit about the people we talk about on Profectio..

The Mayor of Montreal, Denis Coderre, and the Minister of Municipal Affairs and Land Occupancy and Minister responsible for the Montréal region, Martin Coiteux, announced the creation of Capital Intelligent Mtl, a group formed initially of 23 venture capital firms, financial institutions and corporations. The funds will be used for financing of innovative businesses who will contribute not only to building the smart city, but also to the development of know-how and to employment creation in Montreal.

The city of Montréal offers financial support of $400 000 for the administration of Capital Intelligent Mtl through to 2018, $300 000 of which comes from Québec government funding granted within the framework of Entente Montréal 2025, administered by the Secrétariat à la région métropolitaine du ministère des Affaires municipales et de l’Occupation du territoire. The total funding will be granted to PME-MTL Centre-Ville, mandated to ensure the coordination of the group’s activities.

“The vision and the leadership of the city of Montréal and of the venture capital industry takes shape today in the form of Capital Intelligent Mtl. The message to entrepreneurs is clear: there’s a future in smart cities. I strongly encourage businesses to step up and become international smart city leaders. As President of Metropolis, I will seize every opportunity to invite entrepreneurs from Montrealand elsewhere to submit their projects,” declared the Mayor.

Extraordinary Member:

  • Québecor

Major Members :

  • Le Fonds de solidarité FTQ
    Fondaction CSN

Members :

  • Caisse de dépôt et placement du Québec (CDPQ)
  • BDC Capital
  • Desjardins Entreprises
  • Teralys Capital
  • Venture Capital Members:
  • iNovia Capital
  • Emerillion Capital
  • Cycle Capital Management
  • EnerTech Capital
  • McRock Capital
  • Interaction Ventures
  • Tandem Expansion Fund
  • Novacap
  • Real Ventures
  • Anges Québec
  • White Star Capital
  • Rho Ventures
  • OpenText Enterprise Apps Fund
  • Bank and Clients
  • Georgian Partners
  • Claridge