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Digital Subscriptions > > Interview: Denis Coderre, Mayor of Montreal

Interview: Denis Coderre, Mayor of Montreal

The Intelligent Community Forum named Montreal as Intelligent Community of the Year 2016. Jonathan Andrews met with Denis Coderre, the mayor, to discuss his ambitious plans to make the city one of the smartest in the world

Montreal recently announced a C$100 million (US$76 million) fund for startups, with some money coming from the city. How will that money be spent exactly?

On 10 June, I announced the creation of Capital Intelligent MTL, a group made up of 23 venture capital firms, financial institutions and corporations who have stepped forward to help encourage startups to work towards the creation of Montreal as a smart and digital city. These 23 members have made C$100 million 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 is not participating in the financing of startup projects but rather, is contributing C$400,000 for the administration of Capital Intelligent Mtl from now until 2018, C$300,000 of which comes from Quebec 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.

Denis Coderre, Mayor of Montreal
Photo: Ville de Montréal

A lot of startups fail, is there a risk for mayors to fund startups and the ecosystem as it could be seen by citizens as a waste?

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