Hykso and Unito take home Founder Institute Global Graduate awards


Unito and Hykso took home the “Best in Canada” and “Best in Hardware” awards respectively at last week’s Founder X awards. The Montreal companies were the only Canadian nominees to win any sort of award, beating out companies from Toronto, Ottawa, and Waterloo.

Six graduates of the Montreal Founder Institute chapter were nominated for the awards, which celebrate founders who have made significant progress in the past year.

“I want to thank the city of Montreal for allowing my cofounders and I to to discover this ecosystem. I can’t wait to be back and pay it forward to the next entrepreneurs out of there,” Khalil Zahar, founder and CEO of Hykso told MTLinTECH. “Montreal is making statements over statements out here in California.  Nobody can deny the talent coming out of there.”
“Honoured to get this award from Founder Institute, although quite surprised given the quality of the other startups listed. I’m amazed at how far Canada’s startup ecosystem has come, and Montreal’s in particular,” said Marc Boscher, founder and CEO of Unito.

 
Since 2009, the Founder Institute has helped talented entrepreneurs launch over 2000 businesses across six continents. These graduates raised over $100 million in funding in 2016.
 
“Montreal has become a leading Canadian launch-pad for technology based companies,” said Sergio Escobar, Managing Director of the Founder Institute Montreal chapter. “Proud of Unito’s and Hykso’s success. They have both managed to secure funding from US investors at the launch-pad stage immediately after finishing Founder Institute. We can now see the results as companies are entering the +1M$ seed stage with confidence and a strong basis. Proud of Montreal as there are a dozen more FI companies following their path. Therefore, this is not a singular event but a trend that will become recurrent from now on. The Montreal ecosystem is getting stronger over time. As soon as we increase quantity and quality of pre-seed and seed stage investors, we will be able to become the startup city of Canada.”

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