Read on to find out how Quebec is boxing well above its body weight when it comes to the medical technologies field.
Following a recent announcement on an exciting new fund to support medical technologies startups and in my role as the Chairman of the Board of the CTS Health, a medical technologies accelerator, I was asked why I felt so passionate about Quebec and the medical technology capabilities that exist here. Here are my reasons and why you should pay close attention to this entrepreneurial hub:
- Quebec has major health networks (eg. MUHC, CHUM, CHUQ) which are associated with some of North America’s best faculties of medicine such as McGill and Université de Montreal, and several others including Université de Québec, Université de Sherbrooke, and Université Laval. It hosts world-leading medical research centres such as the Montreal Heart Institute, the Lady Davis Institute, the Montreal Neurological Institute, and the Center for Biorecognition and Biosensors, just to name a few. This environment allows for extensive research and validation of novel medical solutions to today’s and tomorrow’s patient health and safety challenges.
- Quebec boasts several universities that offer extensive engineering programs covering advanced degrees in biomedical, mechanical, computational science, computer, electrical, industrial and several other branches of engineering and sciences, graduating a large number of talent ready to tackle today’s healthcare issues.
- Quebec has created an extremely active entrepreneurial ecosystem of incubators and accelerators leading to it being named in the world’s TOP 20 startup cities. These include CTS Health, Sherbrooke Innopole, Hacking Health,FounderFuel, District 3, Inno-centre, Innocité, McGill Dobson Center, HEC Accelerator, and Quebec International just to name a few.
- Quebec is only a few hours north of an impressive US east coast medical expertise (Boston, New York, etc…) network, which facilitates collaborations, partnerships and exchanges.
- Quebec has a very active nano technologies and new materials, life sciences (Pfizer, Merck, Bristoll Myers Squibb) aerospace sector (eg. Bombardier,Bell Helicopters, CAE), gaming (EA Games, WBIE, Ubisoft), Information and Communications sector (CGI anyone). This has allowed it to develop extensive capabilities in prototyping, technology development, software development, communications. etc..that can be (and are being) directly applied to medical technologies.
- Quebec has been able to develop a very creative environment which explains why this place can produce talent ranging from Oscar Peterson to Celine Dion and Arcade Fire and a power house of creativity in the likes of Le Cirque du Soleil and Ubisoft. It is this creative genius that allows for great discoveries.
- Quebec has a vibrant investor community from a large network of angels (Anges Quebec) to several VC’s and institutional venture capital (Desjardins Capital, BDC, Caisse de Dépôt et Placement du Québec, FTQ, IQ, Real Ventures,iNovia Capital).
- Quebec has a very well established network of mature medical technologies companies who are well organized around consortiums such as MEDTEQ and and MEDEC, which provide partnership and mentoring opportunities for startups in the medical device field.Guillaume Hervé is the chairman of a medical devices accelerator, an executive mentor to entrepreneurs in the high tech sector and the author of the book, Winning at Intrapreneurship: 12 Labors to Overcome Corporate Culture and Achieve Startup Success. He is a frequent blogger on leadership, entrepreneurship and intrapreneurship.