ARTIFICIAL INTELLIGENCE WORLD RECOGNIZED HUB

STRONG PRESENCE ONE OF THE LARGEST CONCENTRATIONS CANADA’S DESIGNATED OF GLOBAL PLAYERS OF RESEARCHERS IN THE WORLD SUPERCLUSTER COLLABORATIVE ECOSYSTEM NATURAL LANGUAGE PROCESSING REINFORCEMENT LEARNING MACHINE LEARNING COMPUTER VISION THRIVING ACADEMIC COMMUNITY DEEP LEARNING ETHICAL AND RESPONSIBLE AUTOMATIC SPEECH RECOGNITION THE QUÉBEC ADVANTAGE MILLIONS IN PUBLIC AND PRIVATE FUNDING $93.5M $134M Canada First Research Excellence Raised by ElementAI Fund (2016) $100M $132M +$500 MILLION Québec AI Cluster (2017) Raised by Hopper +$1.4 BILLION IN PUBLIC FUNDING $40M $17M IN VENTURE CAPITAL Pan-Canadian Artificial Raised by Mnubo Intelligence Strategy (2017) Montréal raised more $260M funds than any other SCALE.AI (2018) Canadian city since 2016

Yoshua Bengio Founder and Scientific director WORLD RECOGNIZED AI HUB of Mila Among the most dynamic ecosystems in AI according to Hugo Larochelle Global Startup Ecosystem Report Yann LeCun Research Scientist Facebook’s Chief AI Scientist & Google Brain +300 researchers Statistical Learning Algorithms, Joëlle Pineau Machine Learning, Operations Research Research Scientist & Site Lead, Facebook AI Research #1 +40 Doina Precup Publications worldwide Academic programs Research Scientist & Team Lead, DeepMind +1,100 INFLUENTIAL Scientists ACADEMICS

Canada’s designated AI Supercluster Machine Learning Deep Learning

+20 centres Reinforcement Natural Language of excellence Learning Processing

Automatic Speech Computer +30 incubators/ Recognition Vision accelerators

FOR ETHICAL Startups & RESPONSIBLE AI EXCEPTIONAL TALENT INTERNATIONAL TALENT ACQUISITION FACILITATION

MONTRÉAL, NORTH AMERICA’S TWO OF THE WORLD’S TOP 100 45% UNIVERSITIES** Among highest school of the population is ST enrolment rates in the OECD bilingual (French and English) 1STUDENT CITY* university students in AI 6 engineering faculties 11,000 and data-related programs

Canada’s largest 80 languages spoken 11 universities 93,000 AI-related specialists concentration of university researchers 50,000 graduates / year 320,000 post-secondary students

TOP PLAYERS ARE MOVING TO QUÉBEC

Nov. 2016 April 2017 Oct. 2017 Jan. 2018 May 2018 Sept. 2018 Jan. 2019

opens Google opens AI lab opens 2nd AI lab names Dr. Gordon creates an AI to doubles AI opens AI lab Brain Research Director innovation centre researchers

Jan. 2017 Sept. 2017 Oct. 2017 March 2018 June 2018 Oct. 2018

acquires Maluuba opens Facebook announces announces new opens AI lab opens AI lab AI research lab new AI hub AI accelerator

GENEROUS CORPORATE TAX RATE

TAX INCENTIVES 26.6% in 2019

TAX CREDITS

R&D TAX CREDIT REIMBURSEMENT OF JOB AND TRAINING COSTS

14% fully refundable 25% 50% + 15% from Canada for training program / for human resources department

E-BUSINESS FOREIGN RESEARCHERS 100% AND EXPERTS 75% 50% 30% including 24% refundable 25% 5-year Québec personal 0% income tax exemption Year 1 Year 2 Year 3 Year 4 Year 5

Joëlle Pineau (Credit: McGill University) * QS Best Student Cities 2018 ** Times Higher Education World University Ranking 2018 QUÉBEC’S COLLABORATIVE AI ECOSYSTEM*

ACADEMIA

RESEARCH INCUBATORS ORGANIZATIONS & ACCELERATORS

GLOBAL PLAYERS, FINANCIAL LEADING COMPANIES & STARTUPS PARTNERS

*This ecosystem is not exhaustive.

INVESTISSEMENT QUÉBEC CONTACT US We draw on our unique understanding of Québec’s business Montréal 1 866 870-0437 Paris +33 (0)1 40 67 85 00 environment to advise international companies interested in Atlanta 404 584-5340 Stockholm +46 8 453 30 00 starting or expanding operations in Québec. Investissement Chicago 312 471-1127 Beijing +86 10 5139 4264 Québec offers a full range of support services and financial Los Angeles 310 209-3332 Mumbai +91 22 6749-4486 solutions to international investors. New York 212 843-0996 Seoul +82 2 3703 7712 London +44 20 7766 5900 Tokyo +81 3 5733-4588

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INVESTQUEBEC.COM JUNE 2019