CDL-Montréal, the support and development program for high-potential tech startups at Executive Education HEC Montréal, has just surpassed $1 billion in equity value creation. This represents the total value of businesses that have completed the program since it was founded in 2017.
This amount is double the $500 million target that had been set for CDL-Montréal for its first 5 years.
It is an indication of the program’s tremendous success in developing talent and businesses in its two specialized streams of artificial intelligence (AI) and AI applied to supply chains.
Every year, some 50 high-potential tech businesses are admitted to the program, and to date over 180 of them have been supported by CDL-Montréal. In this program of international scope, more than 50% of these startups have been created in Quebec and continue to develop here, contributing to the provincial and national economies.
This outstanding performance by CDL-Montréal is also a tribute to Montréal’s exceptionally dynamic character and its role as a global hub for the AI-related technology sector.
CDL-Montréal supports seed-stage science-based ventures, with the goal of maximizing their value. The program relies largely on mentorship and encourages the transfer of experience from the established entrepreneurial community and investors to high-potential entrepreneurs.
Based in the heart of the School, at Executive Education HEC Montréal, CDL-Montréal capitalizes on its vast scientific and business network and the expertise of its faculty. Over the past 5 years, 130 MBA students have taken part in the program as part of a credit course, supporting startups by helping them put together business plans and with human resources management, finance, marketing and other activities.
CDL-Montréal would not exist without the involvement of public- and private-sector financial partners. A number of them have been with us since the very beginning:
CDL-Montréal was launched in 2017 at the initiative of Executive Education HEC Montréal. The CDL network began at the Rotman School of Management of the University of Toronto and today has 10 sites worldwide, 5 of them in Canada. All are associated with universities with recognized expertise in different fields, including UBC, Oxford and HEC Paris.