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

About of the program

Thanks to Desjardins’s expertise, network and values, Startup in Residence provides support for startups that have a positive socio-economic impact within Canada.

Startup in Residence is designed to guide early-stage, growth-driven companies — like yours — to market success.

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!

Icone Notre Fonds
3,000,000 dollars in investment Our fund

Participating businesses will receive top notch mentorship from over 50 entrepreneurs and experts, office space for 8 months and a host of other benefits. In addition, they could receive up to $250,000 investment.

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25,000 dollars in cash Our grant

This non-dilutive grant makes it possible to finance all types of external services useful for the feasibility of your projects: legal, accounting, design, etc.

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75 workshops and activities 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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3 calls for applications Our cohorts

Startup in Residence will launch throughout 2021 three calls for applications to meet challenges in financial, real estate and healthcare technologies.​

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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 2021 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.

Healthtech OK
Healthcare technology company

You develop new medical equipment or technology-based medical software or services.

Your goal is to find the best way to prepare us for a radically different future, in which technology plays a key role in the medical community and in patients’ lives.

Protech OK
Real estate technology company

You’re working to improve and transform the real estate industry by applying technologies.

Your goal is to create innovative products that will speed up the digital shift at Desjardins and introduce new technologies or models to the real estate market.

Selection criteria

  • To have been incorporated in Canada.​
  • To have a business solution that can create added value for Canadians.​
  • At a minimum, have a working prototype that is ready for launch (pre-marketing).​
  • To be in the process of assessing capital needs and preparing for the financing (pre-seed or seed).​
  • Have at least one of the co-founders working full time in the startup.​
  • To have growth potential.​
  • To have a management team made up of individuals ​who are motivated, receptive to coaching, collaborative and who have both a business and IT-oriented profile.​
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Call for challenge applications

Does your product or solution meet the challenge criteria? Please submit your application for the challenge today.

 

If you wish to apply for the program without tackling the current challenges, please click the button below.

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Selection

Your application will be reviewed by our selection committee. If you meet all the criteria, you'll be asked to present your solution to a jury of experts and investors

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Getting started

If your startup is selected by the jury, you'll join the 2021–2022 Startup in Residence cohort.

We'll schedule a meeting with you to begin the program's onboarding process.

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Getting ahead

The next phase will be about learning how to get ahead in the corporate world.

Tap into our expertise. Test, demonstrate and improve your concept by connecting with our mentors, experts and investors.

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Embracing the challenge

After you've completed the program, it'll be time to put what you've learned into practice. If eligible, your startup could qualify for an investment of up to $250,000.

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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
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Cloud computing platform, Wifi, office furniture, tea, coffee, etc.
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Concept validation
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Beta Testing with B.E.T.A. (Better Exchange Testing Alliance)

Call for Applications for the Summer 2021 Cohort

For 2021, We've updated the program to include calls for applications in order to respond to specific challenges. 

Defi Climat 2021 Ouvert ENG
HOW CAN FINTECH STARTUPS HELP ADDRESS THE CHALLENGES OF CLIMATE CHANGE?

OPEN

The goal of this challenge is to spur the emergence and growth of startups that will help financial institutions and their clients overcome the challenges of climate change both at home and abroad.

In 2021, we renewed our climate strategy, aiming to achieve carbon neutrality (net zero emissions) by 2040 in our operations, procurement and lending, as well as our own investments in 3 key carbon-intensive sectors of the economy: energy, transportation and real estate.

We'll achieve this ambitious goal through the support and engagement of all our employees, managers and directors, and through the joint efforts and progress of our partners in the financial sector and Canadian society.

In partnership with Fintech Cadence Logo 200X100
Learn more and apply

How can canadian fintech startups help society address the challenges of climate change and support a just transition to a low-carbon, more sustainable, resilient and inclusive model?

The goal of this challenge is to spur the emergence and growth of startups that will help financial institutions and their clients overcome the challenges of climate change both at home and abroad.

 

OVERVIEW

Desjardins and climate change Climate change is taking a heavy toll on the environment, society and the economy, and this can affect people's physical, mental and financial health.

Since 1990, we've been taking action to protect the environment and mitigate climate change. We recognize the urgent need to act—and act fast—in response to the challenges that climate change poses.

In late 2017, we made a number of commitments toward achieving the Paris Agreement's goal of limiting global temperature rise to below 2 degrees. These commitments included achieving operational carbon neutrality, focusing our infrastructure investments on renewable energy projects, and reducing the carbon footprint of our own investments.

We stepped up these commitments in 2019 with a new target to reduce GHG emissions under our operational control to 20% below 2018 levels by 2024. In 2020, we became the first financial institution in North America to join the Powering Past Coal Alliance and issued what NGO Reclaim Finance called one of the world's most robust coal exit policies.

Learn more about our commitment to the climate and the environment.

In 2021, we renewed our climate strategy, aiming to achieve carbon neutrality (net zero emissions) by 2040 in our operations, procurement and lending, as well as our own investments in 3 key carbon-intensive sectors of the economy: energy, transportation and real estate.

We'll achieve this ambitious goal through the support and engagement of all our employees, managers and directors, and through the joint efforts and progress of our partners in the financial sector and Canadian society.

Learn more about our 2040 climate strategy.

How can fintech companies help?

Given the magnitude of these issues, it will take a great deal of innovation to transform the way we think and act to support the financial sector and its clients, whether by raising awareness, measuring impacts, analyzing climate risk or developing financing solutions for green projects.

These are just some of the ways fintech companies can support a just transition to a low-carbon, resilient economy.

 

REQUIREMENTS FOR PARTICIPANTS

  • To have been incorporated in Canada.
  • To have registered to participate in the Challenge under the rules promulgated as published.
  • At a minimum, have a working prototype that is ready for launch (pre-marketing).​
  • To be in the process of assessing capital needs and preparing for the financing (pre-seed or seed).
  • Have at least one of the co-founders working full time in the startup.​
  • To have growth potential.
  • To have a management team made up of individuals who are motivated, receptive to coaching, collaborative and who have both business and IT-oriented profiles.

 

CHALLENGE PROGRAM

The Fintech Climate Challenge is an 8-month program featuring mentoring sessions, workshops and pitches to support participants in growing their businesses.

  • Start of application period: April 29th, 2021
  • Information session: May 20th, 2021
  • Closing of application period: May 31st, 2021
  • Program launch: June 8th, 2021
  • Finals: June 22nd, 2021
  • Admission to the Startup in Residence program: July 12th, 2021

 

AWARDS FOR WINNING TEAMS

1st prize: $25,000 cash grant,

Plus:
• A spot in Startup in Residence, Desjardins's 8-month program;
• A possible investment of up to $250,000.

2nd prize: $15,000 cash grant,

Plus:
• A spot in Startup in Residence, Desjardins's 8-month program;
• A possible investment of up to $250,000.

3rd prize: $5,000 cash grant,

Plus:
• access to Fintech Cadence's Sandbox program.

 

APPLY NOW

 


 

CHALLENGE PROPOSED BY

Desjardins

IN PARTNERSHIP WITH

Fintech Cadence

POWERED BY

DMZ

 

Defi Fintech 2020 Ferme ENG
HOW CAN WE HELP CANADIANS REACH FINANCIAL EMPOWERMENT?

CLOSED

Today, a large number of Canadians are worried about the impact of the current COVID-19 on their personal finances. In a situation of uncertainty, financial emergencies can be stressful and cause considerable human and financial hardships. It is crucial that everyone obtains the help and quality advice needed in order to better manage their budget, savings and debt in order to be protected against the unexpected, especially during a pandemic. Progressing towards financial empowerment means learning to better manage personal budgets and making sound financial decisions, while protecting your personal data.

Faced with these challenges, fintechs can bring solutions to help Canadians.

In partnership with Fintech Cadence Logo 200X100
Learn more

How can we help Canadians reach financial empowerment?

The challenge aims to support entrepreneurs in order to propel them further in their product development and give them the maximum chance for a successful collaboration with Desjardins. “Desjardins continually seeks feedback from members and clients. As soon as the pandemic struck, we took action to provide assistance and reassure members and clients that we’re committed to doing everything we can to help them get through these challenging times and manage their finances. Desjardins intends to continue playing an active role in the socio-economic recovery of our communities,” said Guy Cormier, President and CEO of Desjardins Group.

Financial empowerment is the ability to manage daily life in a sustainable way and achieve set goals. It includes:

  • Making informed choices
  • Managing income and expenses
  • Saving money on set objectives
  • Using credit to meet certain needs
  • Being protected when facing unexpected situations
  • Acting safely with personal data

To participate in the Fintech Challenge, the startups must be working on at least one of the above scenarios by providing financial technological solutions that improve personal finance management, planning financial goals, automating savings, learning about online brokerage and investing, and financial education as a whole.

Additionally, the Fintech Challenge is looking for startups that work on the uptake of responsible investment. This can include educating consumers on responsible investing, categorizing and measuring impact of investments and providing opportunities to invest responsibly.

 

APPLICATIONS ARE NOW CLOSED

 


 

CHALLENGE PROPOSED BY

Desjardins

IN PARTNERSHIP WITH

Fintech Cadence

POWERED BY

Startup en Résidence

WITH THE SUPPORT OF

Defi A Venir ENG

With our challenges, we are offering startups the opportunity to come and exhibit their innovative and dynamic solutions to answer real, impactful questions that will shape tomorrow's society.

Stay tuned for our next call for applications in August!

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.

Journey

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Create

Have you ever had a game-changing idea, only to have your momentum fizzle out when you realize you don’t know how to take it to the next level?

Don’t let your next big flash of genius go to waste! Apply to join the Cooperathon, our award-winning open innovation competition. Over several sprints and dozens of training hours, you’ll work on developing a prototype, becoming enterprise-ready and perfecting your market pitch.

Learn more about Cooperathon
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Connect

State-of-the-art workspaces designed for startups. Get unparalleled access to our program that includes training, workshops and events, plus an exclusive opportunity to connect to the wider Desjardins network.

Submit your application
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Scale

Tap into Desjardins’s global network of experts. We’re committed to helping program residents grow and succeed. We’ll provide the training and support you need to build a solid foundation for your startup.

Learn more about Desjardins

Locations

Notman
Montreal
Lecamp
Quebec
Station Fintech
Montreal

Frequently asked questions

What is the goal of the program?

The program is aimed first and foremost at startups that are likely to have a positive socio-economic impact within Canada. The goal is to guide them as they grow through investment, education, mentoring and networking.

What are the basic program details?

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

  • is 8 months 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?

8 months.

What is the deadline to apply for the program?

Keep checking our home page for information on when to register for the various challenges.

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 investment is this?

The startup participating in the program could receive an investment of up to $250,000 in the form of a subordinated debt at a discount and convertible into a preferred share or into a loan.

What type of business are you looking for?

Outside of the challenge period, we like to meet financial, real estate and healthcare technology companies with a business solution focused on solving a real problem.

Do you take start-ups from around the world?

No. The company must be headquartered in Canada.

Will my company be awarded a contract or supplier status with Desjardins through the program?

Although we hope this happens, it isn't the main objective of the program. Desjardins set up Startup in Residence to support startups as they grow and help them validate and increase their value proposition.

How do I register?

If you meet the criteria for one of the challenges scheduled for 2021, please fill out the appropriate form.

If your application is accepted, a member of the Startup in Residence 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?

Desjardins could invest up to $ 250,000 in Startup companies participating in Startup in Residence, in addition to a grant of $ 25,000 that will be awarded to them at the beginning the program.

How are decisions made?

To assess your application, the selection committee will focus primarily on the concept's validity, the product development stage, the competitive landscape and the team's makeup and experience. In addition, your solution should have a positive socio-economic impact within Canada.

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

The time frame between submitting your application and receiving a decision is 30 business 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?

The general conditions of participation in the Startup in residence program will be presented to you if you are selected.

Partners