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Launching a technology startup in Montreal

Version française.

This is a guide for resources avalaible in Montreal. It assumes you have done your homework and are aware of resources avalaible outside Montreal.

Here is the “textbook” path to launch a technology startup, the one you would want to follow if your project involves R&D, hardware, and lots of resources.

entrepreneurship


Here, the more resources you need to get a prototype or a beta product out, the more you will have to plan and spend time on plans, make sure your business model works, look for investors, development&production etc.Gather a team

  • You can meet other technology entrepreneurs in Montréal by going to the tech entrepreneur breakfast organized by Ben Yoskovitz.
  • A good bet is also to go to democamps and barcamps.
  • You can also find people interested in marketing and social media at yulbiz

Designers

Developers

Localization

Marketing

  • NVI does marketing, SEM and SEO
  • reflexity does SEO, SEM, and customer acquisition
  • rednod provides strategic marketing advice

Law

Accounting

  • If you are generating decent revenues (>$2M), is selling and/or considering raising money in the US, you should go for Big 4 firms:
    • Deloite & Touche
    • PwC
    • BDO is also an option, they have the scope of the Big 4, but cater to small businesses and have in Montreal a team specialized in technology
  • Regional firms are

Incorporating a company

  • gov québec
  • federal
  • registering in the States (Delaware)

Business Consultants

  • Flow consulting helps startups go to the “next level”
  • David Massé is a financial advisor, and helps writing business plans and preparing to meet investors,
  • Embrase helps entrepreneurs find a business model and start a company,
  • Synaforce provides business help to technology startup

Non-profit or Governement-backed organizations which help technology companies

  • ceim provides advice and guidance for new technology companies.
  • inno-centre is a nation-wide organization helping technology companies
  • Technomontréal can connect technology companies located in the greater montreal area

Events

  • Startupcampmontreal is a camp for entrepreneurs and startups
  • Montreal tech entrepreneur breakfast is a monthly meetup instigated by Ben Yoskovitz
  • Founders&Funders is a quarterly dinner and networking event gathering technology entrepreneurs and investors (invite-only)

Angels or VCs doing early stage deals

VCs

Agile development

It’s possible to follow another model, which is the path of fast, iterative development. Here, releases are early and often, and reaction times aspire to be instantaneous. It also means investing in a great product experience, rather than heavy planning, sales and marketing.

The bet is that by having early feedback, it will be easier to adapt your product to your audience, instead of planning 6 or more months for development and discovering that you have lost focus, that it’s too late to change, and that the technological and business environment has changed since then. Worse, the market might not be there anymore, as others have filled the need or it’s not the “right moment” anymore to launch a product in this market.

entrepreneurship


In practice, you will want to keep the overhead as low as possible. For instance, it’s quite possible not to raise any capital, you might not have to write any business plan at all, you don’t need either a large development team - although a few good great, talented developers and designers are key. Instead, you will focus on intensity, shortened development cycles, focus on the few core features, and then get early feedback from democamps, facebook groups, blogs, social bookmarking websites like digg or reddit.If you get enough traction, it’s quite possible to raise capital and accelerate growth. At that time, hopefully, you would have a business model that works.Without further ado, here are the list of resources if you want to go to this path:Technology watch
Go blitzweekend, barcamps, democamp, etc
Gather a team

Designers

Developers

Marketing

  • yulbiz is a monthly meetup of pro. bloggers
  • 3rd tuesday is a monthly meetup about using social media
  • Robert Crecco does wearables if you are planning event launches.

Places

  • station-c
  • la SAT has regular venues and camps gathering developers, hackers, entrepreneurs, investors, designers and artists,
  • Coffee shops in Montreal with Ile-Sans-Fil or any other place with fast and open Wifi
  • la bande passante has a history of regrouping hackers and developers working with Free Software

Events

  • A great way to delve into technology is to go into “camps”: democamp, facebookcamps, rocococamps, barcamps, CUSEC
  • blitzweekend
  • montreal tech entrepreneur breakfast

Angels

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Events

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Register and see upcoming events at TechEntreprise

Flickr

StartupDrinks.caLast Drinks of the Summer, Canadian TechStars grads in MontrealLast Drinks of the Summer, Canadian TechStars grads in MontrealLast Drinks of the Summer, Canadian TechStars grads in MontrealLast Drinks of the Summer, Canadian TechStars grads in MontrealLast Drinks of the Summer, Canadian TechStars grads in MontrealLast Drinks of the Summer, Canadian TechStars grads in MontrealLast Drinks of the Summer, Canadian TechStars grads in MontrealLast Drinks of the Summer, Canadian TechStars grads in MontrealPicture 1

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