News Summary

Québec Tech has launched its latest Stage V program cohort, aimed at transforming Québec startups into international scaleups. The program selected five companies with high growth potential, focusing on hardtech and connected devices, including BioAlert, Ethnocare, Gaiia, Innodal, and Mechasys. These companies, originating from various cities in Québec, are set to receive tailored support to expand internationally, with a goal of reaching $10 million in annual recurring revenue within 36 to 50 months. Québec Tech, formerly known as Startup Montréal, focuses on exporting Québec innovation globally and supports startups with a budget covering professional fees and international travel expenses. The Stage V program is part of Québec Tech’s broader mission, supported by significant funding from Québec’s Ministry of Economy, Innovation and Energy, Desjardins, and other government bodies.