More and more, Montreal is receiving visits by high profile US entrepreneurs and venture capitalists.
Feld says that building an entrepreneurial ecosystem requires four things. As he explains ion the video below, the community must be lead by entrepreneurs, needs to take a 20 year view, must be inclusive and requires engaging activities such as meetups and startup weekends and the like.
There has been much talk lately about the loss of a number of notable Montreal startup leaders, namely Sylvain Carle, Ben Yoskovitz and Raymond Luk, yet the Montreal startup community continues to grow. While many talk about how the best way to ensure the success of a startup is to do it in Silicon Vally, Feld rejects this premise. Feld told the Montreal audience first choose where they want to live and then build your startup there.
Feld practiced what he preaches having moved to Boulder Colorado from Boston about 17 years ago. At the time, Boulder was not the startup community it is now but Feld and others have built Boulder into a thriving startup community.
Montreal is an awesome place to live, surrounded by the beauty of the Laurentians, the Eastern Townships, Vermont, the Maine coast and the Adirondacks. Located less than 6 hours drive from Boston, New York and Toronto, Montreal’s international flavor coupled with generous government research & development (SRED) tax credit programs which reduces the cost of innovation make it an incredible location to build a startup.
Feld stated that building a startup community requires a core of around 10 committed leaders. Despite the recent losses, those who remain continue the mission of building our local ecosystem. As FoundersFuel graduates it’s newest cohort of aspiring startups at it’s Demo Day tonight, I am confident that Montreal is clearly on the way to growing a vibrant startup community to foster creativity and innovation.
Are you planning to stay and build your startup in Montreal? The Boulder Thesis states “You have to give before you get”. How can you help build Montreal’s startup community?