5795After its 5th year and 60th edition celebration, Montreal NewTech
is holding its last edition of the year at new location Café République.
promises to get together the whole startup community and celebrate the community achievements.
Event organizer Heri Rakotomalala will present a recap of Montreal NewTech in 2013, summing up the different monthly events throughout the year as well as other community involvements. Noah Redler from Startup Canada Montreal will present the achievements in building a strong Montreal and Canadian startup ecosystem, such as successes, investments, new structures, and overall numbers.
This time, MTL NewTech is also synonymous of startupstache
, a community initiative to help bring awareness to prostate cancer. It will salute the time and energy put forward by members of the community to raise funds for a valuable cause, in times where 1 man in 7 will be diagnosed with this form of cancer. David Read more…
5754iWeb Technologies, a Montreal-based web hosting company, has been acquired today for $145 million by Internap Network Services Corporation
This one of the biggest acquisitions in the year of a Canadian tech company and is a testament to the success of iWeb's founders, Eric Chouinard and Martin Leclair.
Started 17 years ago at the early beginning of the Internet industry, iWeb's first success was in shared hosting catered to the french-speaking market, of course for Quebec websites but soon the French market as well. It then launched dedicated servers, which proved to be its major commercial success for years to come.
iWeb was soon registered on TSX.v and at one point was considered as the Canadian Rackspace, with cheaper electricity compared to other countries, new data centers opening, and well-run operations. However, new technologies came, such as Slicehost/Linode's VPS first, and then the cloud computing wave.
In recent years, iWeb Read more…
There was a discussion on Facebook, in the Montreal Startup Group, recently that outlined the fact that it's not well understood by Canadian Startups that it is still illegal in Canada to publicly announce they are fundraising. In the USA, it has recently been made legal with JOBS ACT Title II. US entrepreneurs can now take advantage of it
. It should/could change in a not too distant future in Canada, but hasn't yet!
Crowdfunding vs Equity Funding
One might get confused between Crowdfunding Campains and Equity Funding. Crowdfunding sites like Kickstarter
is not considered a public announcement of raising funds, those services are more of a preorder system or what we could call reward-based crowdfunding where you allow the public to preorder your products or rewards. Such crowdfunding is legal for Canadians and Canadian Stratups can list their projects on Kickstarter or Read more…
, a startup based in Montreal recently announced that they will be participating in Startup Chile. The founders will be spending seven months in Santiago to participate in a global startup program sponsored by Chile's government. The company is founded by four recent graduates: Simon Turcotte, Daniel Tardif, Lauris Bonnet and Jean-Michel Beaudoin. These young entrepreneurs graduated from HEC Montreal before starting MissingLINK.
About Startup Chile
The Chile government's initiative Startup Chile allows startups from any part of the world to apply. The program was developed to help young entrepreneurs with good potential to start companies in Chile. The efforts are aimed to position Chile as a leader in entrepreneurship and innovation. Experts from the Silicon Valley along with InnovaChile have selected 85 companies. The participating companies are funded with equity free capital and the opportunity to network, participate in events and access to mentors while Read more…
5670As most of the Montreal Tech Watch readers already know, FounderFuel
is a mentor-driven, top tier accelerator helping early stage SaaS, mobile and web startups raise capital. The organization offers capital of $50,000 along with access to senior executives, VCs, angel investors, veteran entrepreneurs and more than $400,000 in services and perks. Participating teams are also eligible for $150,000 on Demo Day from BDC Venture Capital. During the FounderFuel program, participating companies can build products, refine their company vision as well as polish their pitches. The organization provides a network of industry leading mentors to help participants. On Demo Day, teams can pitch their ideas to an audience of over 800 people that includes community members, partners and investors.
Applications for Spring 2014
FounderFuel has recently announced that they are currently accepting applications for their Spring 2014 cohort. Deadline for applications is October 15th. The program Read more…
recently announced the launch of their new mobile innovation fund
. Previously called 2XM Interactive, Mobilogie invites medium and small sized companies with mobile projects to apply for the innovation fund. Initial funding is one of the biggest problems faced by startups. With the launch of their new fund, Mobilogie is striving to ensure that funding will not hinder innovation.
Fostering Innovation for the Mobile Sector
The new fund unveiled recently by Mobilogie will allow the company to greatly accelerate the commercialization and development of new mobile applications and products. With an exceptional mobile team, its record of helping a large number of clients ranging from multinationals to startups, Mobilogie strives to foster innovation for the mobile sector. It also helps clients position themselves as leaders in the industry. This new fund will further help these companies not just successfully develop innovative solutions through financial help but Read more…
5701Disclaimer: I've known Thierry Marechal, co-founder of Snoobe, since Startup Weekend 2012, and also have worked on Snoobe
The dire state of the mobile industry in North America
In Europe, Free Mobile offers a contract-free, unlimited calls (even to international) as well as unlimited texts and 3GB of data, all of 19.99 euros. Here, that only gets you 100mn of talk, no data and you have to sign for at least a one-year contract.
Here's another graphic showing the difference between Europe, America and other countries:
The graphic above is from a 2013 OECD study amongst developed countries, and shows what's available for basic mobile usage ("Level 1").
There are different factors at play on why we pay more in North America than in other countries to telecom companies; what everyone agrees on though is that consumers have little power on how they choose their mobile plans, and telcos are now so big that they Read more…
5628Lean Startup Machine
recently announced its event in Montreal. This three day event will take place over the November 8th weekend and has already generated a lot of enthusiasm in the city. Lean Startup Machine is a highly competitive workshop where participants learn how to apply the Lean Startup methods in real world scenarios. It is much more than coding and teaches participants how to build thins that people really want. The event will include inspirational speeches from industry veterans and advice from some of the brightest minds in the startup community.
The Lean Startup Machine
workshop invites entrepreneurs to attend and learn about building disruptive products. The workshop starts with product pitches and divides attendees into teams. Teams work on new ideas and develop problem and solution hypothesis as well as assumptions that will help the business succeed. Teams are also Read more…