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Welcome to Silicon Island! (16)

September 5th, 2007 · by Heri · entrepreneurship, startups

I just read an unexpected article from La Presse, titled Bienvenue A Silicon Valley, PQ. The article from Alain McKenna states that Montreal is now Canada’s Silicon Valley. He interviewed Tom Sweeney, general partner from Garage Canada, who now believes Montreal is the first place in Canada to launch startups. Tom Sweeney talks about entrepreneurs, local bloggers, investors, universities and events like DemoCamps and Barcamps, which all contribute to create a startup culture. The article also confirms one thing I was unsure of, which is Garage Canada prefers to invest in local companies.

About VCs and investing, the article mentions that Montreal has the highest concentration of risk capital in Canada, to the point that entrepreneurs from Ontario are now settling in the metropole. Tom Sweeney also announced that they will create this fall a seed fund, which lacked in the city. It will enable entrepreneurs from Canada or other parts of the world to start their company, as long as they do it in Montreal.

What do you think? Is Montreal Canada’s Silicon Valley?

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