Startups from Montreal have had a great spring when it comes to attracting venture capital. There are 3 companies who have been the benefactors of deals within the past two weeks. On the expansion side, MConcierge Systems and Modasuite both have been the recipients of venture funding in the past few weeks.
MConcierge Systems, founded in 2008, provides customized mobile applications for hotels. Modasuite is a men’s online fashion site which provides made-to-measure styles for its members. MConcierge Systems received their funding from Real Ventures, Montreal Start Up, Palos Capital and Positron Inc. while Modasuite received their funding from Real Ventures and Bolidea, as well as Anges Quebec.
The value of being connected to venture capital and the Silicon Valley eco-system cannot be emphasised enough to individuals who are involved in a startup. In the past in Canada, there has been a disconnect between entrepreneurs who are starting up a business and those same entrepreneurs being able to plug into that existing eco-system in which to attract investment and expert advice. As of this past January, this hurdle is starting to be eliminated.
In order to bridge this divide, the organizers of the Canadian Innovation Exchange (CIX) announced a program in January called – the Canadian Technology Accelerator . The mission of this program is to send three Canadian tech companies to the U.S. to spend a few months at the Plug and Play Tech Center in Silicon Valley.
When it comes to the business start up scene, Canadians are leading the global marketplace in the social, mobile and digital media space; but we never hear about these success stories. Where we fall behind as a start up community is by not promoting ourselves south of the border and throughout the world. As the owner of Dynamitenetwork.com, I have experienced first-hand how difficult it is to make inroads and promote my business in the U.S. One of the most significant challenges that I encounter is the lack of promotional channels that Canadian businesses have in which to promote their companies and more importantly stand above the noise.
Mingleverse, a rising company that provides a virtual meeting space. They will be joining us down at SXSWi. We are pleased to work with Mingleverse because they bring such a unique service to businesses regardless of what industry you’re in. It’s great to see this kind of service because it’s rarely seen and very beneficial for holding meetings. Their service will be able to help save a lot of traveling costs and expenses. However, Mingleverse is not only giving you the opportunity to mix and mingle like you would in a physical setting, but their service goes to the next step. They give you the ability to show presentations and videos of your desire. They allow you up to 10GB for personal documents. Hopefully, at SXSWi, Mingleverse can attract more like-minded individuals to use their products!
For Immediate Release
March 8, 2011 (Austin, TX): The Maple Leaf Digital Lounge (MLDL) is a pioneering event to be held during the Interactive portion of the 2011 South by Southwest Conference (SXSW) with the intent to highlight and promote innovative Canadian companies to the attendees of the SXSW conference.
“The Maple Leaf Digital Lounge is about Canadian companies collaborating and supporting each other,” said Deb Lewis, co-founder of The Maple Leaf Digital Lounge. “We have some really exciting and innovative technologies that will be presented in the Lounge. We hope these technologies and the Maple Leaf Digital Lounge will put Canadian technology on the map.”
We are creating a cluster of Canadian technology that will be promoted at this event. The Lounge will act as a catalyst in promoting Canadian innovation to a large technology and media audience.
Homegrown Startups Prove You Don’t Have To “Move Out” To Succeed
Tokii loves Canada. We’re not ashamed to admit it. The entrepreneurial spirit is alive and thriving across Canada. I believe it is part of our Canadian identity. Just look at the long list of successful Canadian inventors and entrepreneurs.
Through the efforts of groups like Maple Leaf Digital Lounge and Sprouter, Canadian entrepreneurs are getting better at working together and getting more support than ever before. This week, I want to introduce you to some of the Canadian entrepreneurs behind the invigorating start-up spirit in Canada.