魁北克科技生态系统报告

Source: Dealroom.co“Québec is at a pivotal moment: newmomentum is driving our techecosystem forward, powered bytransformative initiatives like Ax.c andQuébec Techʼs focus on scaling startupscommercially.In a world shaken by geopolitical shifts and rapid technologicalchange, it is essential for our society to embrace thistransformation to sustain economic and social prosperity.” Page/ 2Page/ 2 1State of Quebec Tech2VC Investment3Quebec Ecosystem Outlook Page/ 4Quebecʼs techecosystem isnow worthCAD99BSince 2020, private techcompanies have grown 3.9x,while the overall ecosystemhas expanded 1.9x over thesame period. Page/ 5Quebecʼs tech ecosystem is distributed around three main hubs, which togetherrepresent 1.4K+ funded startupsSource: Dealroom.co.1100+ fundedcompanies250+ fundedcompanies40+ fundedcompaniesNotable companies150+ fundedcompaniesSherbrookeGreaterMontrealQuebec CityRest OfQuebecNumber of funded startups by region▊< 5▊5 - 15▊15 - 40▊40 - 100▊≥ 100 Page/ 6Quebecʼsecosystem valueis highlyconcentrated inMontreal77% of Quebecʼs enterprisevalue HQd in GreaterMontreal, 6% in Quebec Cityand 1% in Sherbrooke. Page/ 7Sherbrooke hasexperienced thehighest growthsince 2020Greater Montreal, as Quebecʼslargest startup ecosystem,has grown 1.8x since 2020.Sherbrookeʼs growth wasdriven by Entosystem,which raised CAD 79M inOctober 2024. Page/ 8Quebec is thethird-largestecosystem byvalue in CanadaQuebecʼs ecosystem accountsfor 12% of Canadaʼs totalenterprise value. Page/ 9Quebec isgrowing fasterthan theCanadianaverageSmaller ecosystems tend togrow faster. Quebec andOntario are showing solidgrowth relative to their size,while British Columbia issignificantly outpacing thenational average. Page/ 10Quebec isdemonstratingthe ability tocreate and growsuccessfulstartups within astill-maturingecosystemcompared to therest of CanadaQuebec trails behind onall EV metrics, showing roomfor growth in boostingentrepreneurshipin the region. 100%80%90%Maturity metrics in Quebec and Canada▊Quebec▊Rest of Canada▊Canadian average Page/ 11Quebec benchmarking against selected mature OECD ecosystemsSource: Dealroom.co.*2024 VC funding.Maturity metrics benchmarking 1State of Quebec Tech2VC Investment3Quebec Ecosystem Outlook Page/ 13Quebec startupsraised CAD1.8Bin 2024 VC Investment in Quebec startups» view online▊CAD0–1m (pre-seed)▊CAD1–4m (seed)▊CAD4–15m (series A)▊CAD15–40m (series B)▊CAD40–100m (series C)▊CAD100–250m (mega rounds)▊CAD250m+ (mega+) Source: Dealroom.co. Page/ 14Chart export checklist:-20px Border-Scale factor 4x-298x398 (Use this link to calculate thewidth if the height is locked on yourchart)-Just chart on-Transparent on-If applicable, keep the Datawrapper legendswhen exporting, and then crop them out here.-The chart should be aligned at the bottom,doesnʼt matter how tall it is, only that itdoesn't touch the legend boxChart export checklist:-20px Border-Scale factor 4x-298x398 (Use this link to calculate thewidth if the height is locked on yourchart)-Just chart on-Transparent on-If applicable, keep the Datawrapper legendswhen exporting, and then crop them out here.-The chart should be aligned at the bottom,doesnʼt matter how tall it is, only that itdoesn't touch the legend boxLate Stage VCBreakout Stage VCEarly Stage VCBreakout VC approached an all-time high. Late-stage funding saw a slight recovery, though itremains below the eight-year norm whilst early-stage VC reached a decade-low▊CAD100–250m (mega rounds)▊CAD250m+ (mega+)▊CAD15–40m (series B)▊CAD40–100m (series C)▊CAD0–1m (pre-seed)▊CAD1–4m (seed)▊CAD4–15m (series A)Source: Dealroom.co. Page/ 15Top roundsraised by Quebecstartups since2024» View top rounds CAD286MOct 2024 - ConvertibleEnergyCAD88MJan 2024 - Late VCEnergyCAD75MMar 2025 - Late VCSource: Dealroom.co. CAD79MOct 2024 - Late VCEnergyCAD55MMay 2025 - Late VC Page/ 16Quebec hasraised more VCas a provincethan comparablysized OECDeconomiesA signal of growing investorconfidence in Quebecʼsinnovation ecosystem. Page/ 17Having built asolid VCfoundation, nowis the time toaccelerateQuebecʼs growthtrajectoryQuebecʼs venture capitalactivity declined by0.81x since 2020—below theOECD average and behindmost peers. Page/ 18Nearly 60% ofearly-stagecapital in Quebecis sourced inCanadaFor comparison, in the US80% of Early Stage VC israised from Americaninvestors. This indicates thatmost of the value generatedfrom the growth of EarlyStage startups remains in theUS - compared with Québecstartups which retain roughly20% value less for Canadianinvestors. Page/ 19Quebec VC is ledby a strongpresence ofdomesticinvestors withthe top 10 beingCanadianinvestors Page/ 20Since 2023, there has been a notable shift in VC funding towards ManufacturingWith the arrival of massive spending in infrastructure and defence in Canada, the last two years have seen a notable shifttowards hardware and manufacturing.Quebec VC by business model by time period Pre/During/Post BoomPre-Boom2017 - 2019Boom2020 - 2022Post-Boom2023 -