THE ECOSYSTEM

The Ecosystem in Numbers

Startups that are connected to the community grow faster and have the potential to achieve more significant exits.

startups

2500

Estimate of the number of startups in Quebec

Entrepreneurship is the top career choice among the three major age groups in Quebec’s workforce (Entrepreneurship Index, 2020)

Source: Overview Report, 2020

84%

In Quebec, about 84% of startups have 9 or fewer employees, and half of those have 3 or fewer employees.

Source: Overview Report, 2020

69%

69% of the startups surveyed that are based outside Montreal must recruit outside their region.

Source: Report on Talent Challenges as Experienced by Quebec Startups, 2023

47%

47% of the startups surveyed in the Montreal area have to recruit outside their region.

Source: Report on Talent Challenges as Experienced by Quebec Startups, 2023

1,881 companies

In Quebec, of the 1,881 companies supported by 67 support organizations in 2019, 24% were co-founded by at least one woman.

Source: Overview Report, 2020