Startup en résidence - Desjardins Apply now!
Guycormier

"Disruption is now common and technology is advancing at an exponential pace. At Desjardins we view disruptors as potential partners, not as competitors. We bring our capital, experience and reach to take the best innovations and mainstream them faster. By doing this, we’re able to onboard innovation in ways that meet the changing needs of customers and our employees."

Guy Cormier, Chairman and CEO of Desjardins Group

The Globe and Mail, December 21, 2018

Goal of the program

The Startup in Residence program fosters the development of startups that are likely to have an impact on Desjardins Group’s digital transformation, thereby creating value for its members and clients.

Looking for passionate entrepreneurs

We want to meet with you if:

You are the determined founders of a business. 
You have a strong and reliable team. There is chemistry on your team and you have complementary skills.

You have a solution to a genuine problem. 
Whereas most residence programs place emphasis on the initial idea, we think differently, helping evolve your product through the program and even afterwards.

You have time. 
Building a startup requires sustained effort. You have to invest time and resources in the process. We will do the same!

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500 hours of support Our expertise

What startups need today is genuine support to guide them in their growth—particularly their human growth!

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20 partners in Canada and Europe Our network

We connect startups with each other and bring them into our community in order to give them the network they need to translate their ambitions into reality.

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1 unique program Our offer

We offer a collaborative work environment with invaluable opportunities for mentorship and networking within the leading cooperative financial group in Canada.

Applications

For the 2019 program we are looking for:
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Financial technology company

Your work involves financing, online payment, savings management, loans and bank account aggregators. Your goal is to offer clients better service at a lower cost.

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Regulatory technology company

Your work involves compliance, identity management and control, risk management, regulatory reporting and transaction monitoring. Your goal is to help businesses adapt their tools for the legal rules and the areas where they do business.

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Computer security company

You develop security technologies for applications, operations, information and networks. Your goal is to better equip financial institutions and their clients to defend against cyber-attacks.

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Data and artificial intelligence

You have developed a predictive analysis solution that detects fraud or recovers claims, or a new type of chatbot. Your goal is to improve the customer experience.

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Insurance technology company

You offer digital insurance solutions for individuals or professionals. Your goal is to improve and streamline the services for insurance policyholders.

Alpha criteria

You are a strong candidate for Alpha residence if you:
  • have a business solution with the potential to create value for Desjardins members and clients;
  • have a functional prototype of your solution (at a minimum) that is ready for launch (pre-market);
  • are assessing your capital requirements and planning your financing (‘pre-seed financing’);
  • are working full-time on starting up your business;
  • have potential for growth;
  • have a management team made up of motivated people who are open to coaching and want to work in collaboration.

Beta criteria

You are a strong candidate for Beta residence if you:
  • have a business solution with the potential to create value for Desjardins members and clients;
  • have tested an initial version of your product in a market and have scalability*;
  • demonstrate traction;
  • have completed an initial round of financing (‘seed financing’);
  • are prepared to invest resources, if necessary, to carry out a feasibility demonstration to a Desjardins business line;
  • are working full-time on starting up your business;
  • have a management team made up of motivated people who are open to coaching and want to work in collaboration.

*Product’s capacity to adapt to a change on the scale of the demand.

Alpha

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Call for applications

If you have a solution or product with the potential to impact the financial institution’s digital shift and thus create value for its members and clients, join forces with the expertise and technological ecosystem of Desjardins.

We accept applications year-round.

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Selection

Our selection team made up of experts from various Desjardins sectors will examine your application. If you meet the criteria for Alpha residence, a meeting will be arranged to learn more about you, your team and your solution.

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Initiation

If your startup is selected and you authorize us to complete a credit check and a criminal record check on you and your team, we will then arrange to sit down together to identify the work strategy and decide on suitable key performance indicators.

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Propulsion

During your Alpha residence, you will access a wide range of benefits, including customized support from our entrepreneurs in residence and our experts, as well as various programs and events initiated by our partners.

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Demo and expo

You have completed the program. Now is the time to make the most of it. Get ready to present your business and sell your products or services to entrepreneurs and investors alike at the Cooperathon launch at Montreal’s Olympic Stadium on October 2 and 3, 2019.

Beta

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Call for applications

If you have a solution or product with the potential to impact the financial institution’s digital shift and thus create value for its members and clients, join forces with the expertise and technological ecosystem of Desjardins.

We accept applications year-round.

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Selection

Our selection team made up of experts from various Desjardins sectors will examine your application. If you meet the criteria for Alpha residence, a meeting will be arranged to learn more about you, your team and your solution.

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Initiation

If your startup is selected and you authorize us to complete a credit check and a criminal record check on you and your team, we will then arrange to sit down together to identify the work strategy and decide on suitable key performance indicators.

/media/1014/propulsion_icon.svg
Propulsion

During your Alpha residence, you will access a wide range of benefits, including customized support from our entrepreneurs in residence and our experts, as well as various programs and events initiated by our partners.

/media/1015/expo_icon.svg
Demo et expo

You have completed the program. Now is the time to make the most of it. Get ready to present your business and sell your products or services to entrepreneurs and investors alike at the Cooperathon launch at Montreal’s Olympic Stadium on October 2 and 3, 2019.

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Access to Desjardins experts and executives
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Workshops
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One-on-one meetings with Desjardins Venture Capital and Luge analysts
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Network-building assistance
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International thrust
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Participation in a wide array of activities and events
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Secure-access workspace available 24/7
Wifi Icon
Cloud computing platform, Wifi, office furniture, tea, coffee, etc.
Expert Icon
Access to Desjardins experts and executives
Formation Icon
Workshops
Hours Icon
One-on-one meetings with Desjardins Venture Capital and Luge analysts
Construction Res Icon
Network-building assistance
International Icon
International thrust
Event Icon
Participation in a wide array of activities and events
Espace Icon
Secure-access workspace available 24/7
Wifi Icon
Cloud computing platform, Wifi, office furniture, tea, coffee, etc.

Experts

The Startup in Residence program also means rewarding meetings with dedicated experts.
With years of experience to their credit, they are useful resources for supporting your business as it grows.

Locations

Notman
Montreal
Lecamp
Quebec

Frequently asked questions

What is the goal of the program?

The program is aimed above all at start-ups that are likely to make an impact on Desjardins Group’s digital shift, thereby creating value for its members and clients. For example, start-ups that help evolve banking transactions by making them faster, easier, smarter and safer for our members and clients and the financial services sector as a whole will be considered for the program.

What are the basic program details?

We launched the Startup en Résidence program in June 2017. The program:

  • is 16 weeks long;
  • supports growth of start-ups by offering coaching and access to mentors, sector experts, executives and investors;
  • where applicable, it allows for a feasibility demonstration with one or more Desjardins lines of business;
  • pools the expertise and knowledge of Desjardins and start-ups.
How long is the program?

The program is 16 weeks long and starts 10 days after you are selected, as the case may be.

What is the deadline to apply for the program?

There is no deadline.

Is there a cost to participate in the program?

No, there is no cost to participate in the Startup en Résidence program. However, if you are based outside Quebec, you will be responsible for your meals and accommodation.

How is Desjardins’ Startup en Résidence program different from other accelerators and incubators?

Our program is highly specialized and tailored to meet the strategic objectives of Desjardins and each Startup in order to guarantee that our partnership generates genuine value for all parties involved. In addition, we work alongside other incubators and accelerators to create a path to support you in your growth.

What type of business are you looking for?

We want to meet with financial technology companies with a business solution that is designed to resolve a genuine problem. However, we assess every application on its own merits.

Do you take start-ups from around the world?

We accept applications from across the globe. The most important admission criterion is the impact your product or technology may have on Desjardins’ digital shift, as well as on its members and clients.

However, you will be responsible for costs related to your stay (accommodation, transportation, etc.).

Why does Desjardins accept applications from around the world?

There are a few reasons why we accept applications from outside Canada.

  • We know that good ideas can take shape anywhere—and we are looking for bold, innovative ideas.
  • Taking a global perspective gives us the opportunity to develop ties and stay in touch with brilliant start-ups from around the world.
  • Desjardins also has a vast network of foreign correspondents and an enviable credit rating in foreign markets. We also have four branches in the United States with Desjardins Bank and a European presence in Paris. That is another reason for our program’s global perspective.
Will my company be awarded a contract or supplier status with Desjardins through the program?

We cannot make any promises, but we hope that will be the case.

How do I register?

Please fill out the form provided for that purpose. If you application is approved, a member of the Startup en Résidence team will contact you to discuss the next steps.

What can I expect after submitting my application?

Our validation process includes an initial selection by committee. If your Startup is selected, a meeting will be planned with you and your team to discuss the terms and conditions and the next steps.

Will I receive an allowance for program participation?
Travel, accommodation, relocation, etc.?

Il n’y a pas d’allocation pour les participants au programme, quels que soient les frais d’hébergement, de déplacement ou de réinstallation.

Does the program offer a financial incentive?

There is no allowance for program participants, regardless of the cost of accommodation, travel or relocation.

How are decisions made?

In order to assess your application, our team will focus primarily on the validity of the concept, stage of product development, competitive environment, team composition and experience. Your product must also have the potential to create value for Desjardins members and clients and contribute to its digital shift.

How long do I have to wait for a final decision?

The time frame between submitting your application and receiving a decision is 15 days.

What if my company is selected?

You must then authorize us to carry out a credit check and criminal record check of you and your team. Where applicable, we may also conduct an invasion-of-privacy test and a security audit (code audit, risk analysis, etc.). We will then arrange a meeting to discuss the terms and conditions of the residence, identify your needs, inform you of our needs and jointly determine key performance indicators.

Where can I find the program conditions?

There are no general conditions for participation in the Startup en Résidence program. Desjardins will prepare customized terms and conditions that meet our mutual objectives and needs.

Partners