The Montreal Founder Institute, the local chapter of the launch-stage accelerator program founded in Palo Alto in 2009, has partnered with OVH Digital Launch Pad to showcase the technologies coming from promising FI graduates in 2018.
To celebrate, Montreal FI is hosting a Demo Day on April 24th at the Rialto Theatre that’s open to the public and powered by OVH DLP, in collaboration with Fasken Martineau, Richter, and Futurpreneur.
“The huge number of impactful businesses, being launched out of Founder Institute Montreal, is one of the things that sets Montreal’s startup ecosystem apart from others around the world. By far, we have sent the largest number of Canadian companies to Techstars.”
“We believe it’s necessary to spread the word on how a group of extraordinary mission-driven tech entrepreneurs, fully trained by top CEO’s from the Montreal ecosystem, can launch born-global businesses with a vision to create a positive change in our societies,” Sergio A. Escobar, Managing Director at Founder Institute Montreal, told MTLinTECH.
In addition to the event itself, FI and OVH are joining forces to offer a $5,000 cash prize awarded to the most promising FI graduate at the Demo Day, as well sponsoring two fellowships in AI for the upcoming 2018 FI Montreal cohort.
“The Founder Institute has been a driving force for empowering innovative startups in Montreal, and we are thrilled to put our efforts together in a mission that has always been at the core of our very own DNA,” said Guillaume Fillière, head of OVH Digital Launch Pad. “Montreal’s rich and disruptive entrepreneurial ecosystem is a perfect match for our startup support program, and we can’t wait to see the great things that will emerge from this new partnership.”
Once an ambitious startup itself, OVH originated in France and is now one of the top unicorns and the number one cloud provider in Europe. The Digital Launch Pad program was launched two years ago, and highlights the central role of innovation in the company’s philosophy. 1500 startups from 120 countries have benefited through the worldwide program, its free cloud products, tailored support with a solutions architect, and visibility through events all around the world. It’s starting operations in North America with a large office in Montreal.
The companies received feedback and guidance from some of Montreal’s top startup mentors, including Mike Cegelski, Beth Thouin (one of our featured WMNinTECH), LP Maurice, Lorne Lieberman, Marc Alloul, Mauro Repacci, Raffi Tchakmakjian, Phil Cutler, Danial Jameel, and many more. In addition, the Montreal companies gain access to the Founder Institute’s Global Network of over 2,300 companies and 7,500+ mentors spanning across 150+ cities and six continents.
This is the fourth year of FI’s presence in Canada, and this past winter’s cohort demonstrates the program’s increasing diversity. Some 53% of CEO’s in the winter 2017-2018 cohort are women, with founders hailing from 5 different continents. The cohort was also diverse in the fields covered by the companies, including: artificial intelligence, genomic technology, education technology, eCommerce, SaaS enterprise softwares, and more.
The full list of participating companies will be revealed in the weeks leading up to the Demo Day, but MTLinTECH has learned of two of the companies that will be pitching. One is Streamline Genomics, founded by Josette-Renée Landry in the fall of 2017, which received investment from Techstars New York. The company is developing a platform to help clinicians be able to benefit from genomic sequencing for their diagnoses. Landry was also one of 25 female entrepreneurs selected to participate in the Communitech Fierce Founders bootcamp right now, a program for early-stage female founders in tech. The other is AllSet Insurance, founded by Xavier Freeman and Fellipe Monteira, is involved in Insurance+AI and received investment from NEXT AI Toronto.
Registration is now open to attend the public Demo Day on April 24th. You can register here.
“It’s time to showcase to Montrealers on how the methods and mindsets of Silicon Valley entrepreneurship, can create meaningful businesses with positive impact on society while pursuing a sustainable, scalable, profitable business model,” said Escobar.