MONTRÉAL, June 10 2016 /CNW Telbec/ - The Mayor of Montreal, Denis Coderre, and the Minister of Municipal Affairs and Land Occupancy and Minister responsible for the Montréal region, Martin Coiteux, announce the creation of Capital Intelligent Mtl, a group formed initially of 23 venture capital firms, financial institutions and corporations. These 23 members have made $100M in private capital available for the financing of innovative businesses who will contribute not only to building the smart city, but also to the development of know-how and to employment creation in Montreal.
The city of Montréal offers financial support of $400 000 for the administration of Capital Intelligent Mtl through to 2018, $300 000 of which comes from Québec government funding granted within the framework of Entente Montréal 2025, administered by the Secrétariat à la région métropolitaine du ministère des Affaires municipales et de l'Occupation du territoire. The total funding will be granted to PME-MTL Centre-Ville, mandated to ensure the coordination of the group's activities.
"The vision and the leadership of the city of Montréal and of the venture capital industry takes shape today in the form of Capital Intelligent Mtl. The message to entrepreneurs is clear: there's a future in smart cities. I strongly encourage businesses to step up and become international smart city leaders. As President of Metropolis, I will seize every opportunity to invite entrepreneurs from Montreal and elsewhere to submit their projects," declared the Mayor.
"The Government of Québec supports Montréal's economic development and Québec entrepreneurial success by investing in technology startups. Capital Intelligent Mtl offers businesses the financing they need to embrace digital and its applications and pursue the development of innovative projects so that they might become world leaders in their field," added minister Coiteux.
Members of CAPITAL INTELLIGENT MTL
Capital Intelligent Mtl is comprised of the following 23 venture capital firms, financial institutions and corporations :
Major Members :
- Le Fonds de solidarité FTQ
- Fondaction CSN
- Caisse de dépôt et placement du Québec (CDPQ)
- BDC Capital
- Desjardins Entreprises
- Teralys Capital
- Venture Capital Members:
- iNovia Capital
- Emerillion Capital
- Cycle Capital Management
- EnerTech Capital
- McRock Capital
- Interaction Ventures
- Tandem Expansion Fund
- Real Ventures
- Anges Québec
- White Star Capital
- Rho Ventures
- OpenText Enterprise Apps Fund
- Bank and Clients
- Georgian Partners
"What a great opportunity for entrepreneurs from here and elsewhere: venture capital funds coming together to stimulate the growth of innovative projects. The signal we're sending to entrepreneurs and investors is clear: we're ready to do business to encourage the development of the smart city," declared Jacques Bernier, President of Teralys Capital and founding member of Capital Intelligent Mtl.
"That so many important venture capital industry players are mobilizing to offer entrepreneurs the opportunity to bring their smart city vision to life is a testament to the potential of this sector. Capital Intelligent Mtl offers our ecosystem unprecedented opportunities," states Christian Perron, Executive Director of PME MTL.
A photo taken at the press conference is accessible online at : http://montreal2.qc.ca/photosdepresse/capital-intelligent-mtl.
Entrepreneurs wishing to submit their project may do so via the Capital Intelligent Mtl website at www.cimtl.com.
"The establishment of Capital Intelligent Mtl is part of our Montreal Smart and Digital City 2015-2017 Action Plan. This initiative will generate economic impact through job creation and business development within a burgeoning sector. This is concrete action that will help position Montreal as a recognized world leader among smart and digital cities," added Harout Chitilian, Vice-chair of the executive committee responsible for information technologies, the Smart City, administrative reform and youth.
This project is one of the 70 projects in the Montreal, Smart and Digital City 2015-2017 Action Plan. A complete version of the plan can be found online.
SOURCE Ville de Montréal - Cabinet du maire et du comité exécutif
For further information: Sources : Marc-André Gosselin, Attaché de presse, Cabinet du maire et du comité exécutif, 514 290-1194; Marie-Ève Pelletier, Attachée de presse, Cabinet du ministre des Affaires municipales et de l'Occupation du territoire, ministre de la Sécurité publique et ministre responsable de la région de Montréal, Tél. : 418 643-2112; Renseignements : Valérie De Gagné, Relationniste, Services des communications, 514 872-6013