4 findings from Startupfest 2018

After a first experience in 2017, Innovation Montreal was excited to discover the new location for Startupfest 2018 and experience the magic of networking! Here are our four impressions from last week.

1. A new location for more dynamic opportunities

DSC_0355.jpgThe festival was happening at Parc de Dieppe, at the extreme end of the Cite-du-Havre peninsula, with an exceptional view over Montreal Old Port. From this location, the opening ceremony of Startupfest, on 11 July, coincided with the traditional summer fireworks in Montreal and provided a festive atmosphere to the launch. To access the venue, guests could arrive either by boat, bus, car or bike. This unprecedented venue encouraged small-scale networking opportunities for sure.

 

 

2. More premium fests, more targeted content

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This year, the festival was divided into 9 specific mini festivals so that startups, organizations, investors, could meet with their specific communities more efficiently. For example, ScaleupFest was dedicated to providing advice and knowledge on initial investment and growing. ArtupFest aimed at gathering artists, designers and all members of the creative community to discuss ways of improving society.

3. A contest for impact-driven startups

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The Quartier de l’innovation and MTL Newtech organized a pitch contest for startups that are driven by social impact considerations. Over the three days of the events, entrepreneurs got the opportunity to present their projects to a jury with the possibility of winning prizes in cash but also a promotional video produced and disseminated as well as coaching from MTL NewTech. They could either pick a technology (from those mentioned on the colourful cards) or explain how their startup impacted positively on the community. On Thursday 12 July, Aligo Innovation was part of the jury and offered the opportunity to develop already existing technologies or to help inventors and researchers move from research to development.

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4. A “young” entrepreneur with a vision for a greener future

img-2313.jpgThrough the brain dates system, Innovation MTL was able to meet with Gaston Beaulieu, a “young” entrepreneur of 72 years old who decided, after he retired, to develop a new concept of eco-energetic greenhouse that grows plants and vegetables without electricity nor water: Gaïa Écosystèmes. Through a concept of biomimicry, this engineer with experience in the aerospace industry invented and tested his inventions over the past 8 years. His is now ready to present his concept to investors and potential partners for prototyping. If his tests are correct, this greenhouse could provide 330,000 kg of vegetables annually. We will definitely be following his ambitious project!

Startupfest, a unique blend of innovation and impact

For two full days, the Old Port of Montreal was bustling with innovation, entrepreneurship and meetings of all kinds, be it under a lovely sun or heavy rain.

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Speaking out, networking, pitching, judging…

If you were frightened by the impressive amount of rain that poured on Friday afternoon, you could listen to influencing speakers sharing their experiences during keynote sessions. Kimberley Bryant and her daughter told the moving story of their journey towards empowering black girls and encouraging them to become “the new Mark Zuckerberg”. Justin Schier explained how he created Scruff in the strategic niche market of gay dating apps. Tom Williams pointed out the best practices when it comes to recruiting talents…

When the sun came back, or if you were motivated under the rain, you could discover dozens of startups in the tents outside. Fondation Montreal’s tent was presenting different startups every day and we met with one of Unito’s cofounders, Eryk Warren, who explained how they were providing unique solutions to companies by synchronizing their tasks and projects through a unique platform.

Quartier de l’Innovation was presenting the newly opened Neoshop, which is the first physical location for innovation in Montreal, bringing startups’ products to the people.

In the Demo Zone we discovered Food Trip To, giving people the chance to travel around the world through their exclusive gift boxes.

We also met with lovely ladies who, under their candid looks, were actually impartial judges – the Grandmothers tent is one of the most popular pitch contests and many courageous entrepreneurs were queuing to take a chance, pitching for 30 seconds and answering questions for 30 seconds. Brenda, Doreen, Marilyn, Pearl are all grandmothers but they are also influential business women who have been at key managerial positions for years. During two days, the busy ladies heard over 350 pitches!

Eventually, making an impact

In the end, it was very inspirational to find out that the big $140,000 Prize was awarded to a startup dedicated to making the world a better place – FlashFood is an app helping groceries in Ontario fight against food waste by providing clients with discounts (very similar to Eatizz in Montreal, that we portrayed last year!)

So yes, innovation is surely about discovering new technologies and unwinding the potential of artificial intelligence but it is above all about finding better ways to address simple matters.