Paving the way for scientists to bring their research to market
After 4 years of supporting over 500 innovators and entrepreneurs District 3 puts the spotlight on PhD-led startups. Startups leveraging technologies developed in university research labs have potential for scaling and generating great economic impact. Québec is noticeably resourceful on core innovation vectors, including the number of graduate students, R&D funding and entrepreneurial support. Despite the available opportunities, the conversion rate of PhD and postdoc researchers into entrepreneurs in Canada is less than 1%, while it has the potential to reach 10%, similar to Boston and other startup hubs.