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$6 million granted for Executive Education HEC Montréal’s startup accelerators Next AI and CDL-Montréal


September 27, 2023

$6 million granted for Executive Education HEC Montréal’s startup accelerators Next AI and CDL-Montréal


A $6 million grant from the Quebec government will help Executive Education HEC Montréal continue to run its Next AI and CDL-Montréal programs, both of which play a vital role in the incubation and success of tech businesses specializing in artificial intelligence. This funding represents a considerable investment in the future of AI-related innovation and will cement Montréal’s reputation as a global leader in this game-changing field.

Minister Pierre Fitzgibbon, who made the announcement at ALL IN 2023, is confident that the economic benefits of the ventures supported by these programs will be felt across the province:

Pierre Fitzgibbon

“AI will be a major driver of wealth creation going forward; it is something that needs to be incorporated into our businesses as quickly as possible. That’s exactly what HEC Montréal is doing with the Next AI and Creative Destruction Lab programs. Not only are they helping the startup ecosystem in Montreal to flourish, but they are also empowering our businesses to excel to an even greater extent and develop more innovative AI-based technologies.”

Supporting the next generation and creating value

Executive Education HEC Montréal Director Serge Lafrance warmly welcomed this initiative:

Serge Lafrance

“This funding will strengthen our ability to train entrepreneurs, help them acquire the skills they need to lead the way in their respective industries and support them at every step of their journey.”

Hélène Desmarais, who chairs the board of HEC Montréal and the CDL-Montréal and Next AI programs, said that these programs are a key reason Montreal is home to a thriving AI entrepreneurial ecosystem:

Hélène Desmarais

“Since their launch, the programs have created over $2.7 billion in equity value and thousands of jobs. Montreal is now known internationally as a hub for AI innovation, and these results stand as a testament to our success.”

 

Images of CDL-Montréal and Next AI

About the programs


CDL-Montréal


CDL-Montréal is a seed-stage program for businesses with high potential for growth. It is focused on data science, with three cohorts per year dedicated to AI, supply chain–related AI and blockchain-related AI.

Next AI

Next AI identifies talented idea or early-stage teams with ambitious solutions and leverages Canada’s leadership position in AI to provide them with the mentorship, education and network to disrupt industries.

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Executive Education > News > 2023 > $6 million granted for Executive Education HEC Montréal’s startup accelerators Next AI and CDL-Montréal