HEC Montréal launches Creative Destruction Lab-Montreal


The Creative Destruction Lab (CDL) is coming to Montreal.

The CDL announced last week that it will be expanding to three new locations across Canada: CDL-Montreal at HEC Montréal; CDL-Atlantic at Dalhousie University’s Rowe School of Business in Halifax; and CDL-Rockies at the University of Calgary’s Haskayne School of Business.

The expansion will bring the total number of CDL programs to five, including existing locations at the Rotman School of Management at University of Toronto and the Sauder School of Business at UBC.

CDL-Montreal will focus on data-oriented startups, using the methodology established by the CDL at Rotman, which employs an objectives-based mentoring process led by highly accomplished entrepreneurs and angel investors. The goal of the program is to maximize equity value creation for technology-based startups.

“This innovative and unique program will create growth and economic value in Montreal and Canada and will contribute to develop major world players in the technology sector,” said Michel Patry, Director, HEC Montréal.

Those accepted will benefit from a collaboration with Montreal’s Institute for Data Valorization (IVADO), an institute with cutting-edge and world renowned expertise in data science, operational research, and artificial intelligence.

CDL is committed to develop a national approach that leverages the very best entrepreneurial business judgment of highly successful Canadian entrepreneurs with massively scalable technology based ventures,” said Hélène Desmarais, Chair of the Board of Directors of HEC Montréal. “We have every reason to believe in our capacity to create, all Canada’s CDL together, new industrial and technological giants that could be to AI what Apple was to computers and Research in motion or Nokia to portable devices.”

All five CDL programs will use the same nine-month accelerator program as the original CDL at the University of Toronto. The program couples a goal-setting model with access to business development support, the opportunity to raise capital, and mentorship from professors in science, engineering, and computer science who are affiliated with the lab.


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