F/MS Top Startup Cities

5 min read

Moncton, Canada #502

City Scores

City Total Score

0.366

Overall ranking score

Quality Score

0.04

Ecosystem quality rating

Quantity Score

0.04

Ecosystem size rating

Business Score

0.29

Business environment rating

Score Distribution

Score Comparison

MeanCEO Index Click to scroll to details

57

Startup Ecosystem in Moncton 🚀

TL;DR

Moncton is currently ranked as the 502nd city in the Global F/MS “Best Cities for Startups” Index. This charming city is becoming a hidden gem for startups, known for its community-driven spirit and supportive infrastructure.

Startup-Friendly Stuff 📈

1. Ease of Company Registration

  • Business Registration: Quick and straightforward registration process with options for online submissions.
  • Startup Incentives: Local government offers programs to assist new businesses, especially in tech-oriented sectors.

2. Employment Law 🏢

  • Labor Regulations: Fair laws ensure employee rights but may become complicated for smaller startups.
  • Hiring Foreign Talent: Procedures are streamlined, yet work permits are mandatory for non-residents.

3. Taxation 💰

  • Corporate Tax Rate: Competitive corporate tax rates around 30%, with several deductions available for new businesses.
  • GST/HST Regulations: A Harmonized Sales Tax (HST) of 15%, which is in line with many Canadian provinces.

4. Quality of Life 🌆

  • Living Standards: High quality of life with affordable housing and a generally reasonable cost of living.
  • Culture and Leisure: Moncton boasts a rich cultural scene, parks, and family-friendly activities that foster community engagement.

5. Bureaucracy 🗂️

  • Ease of Navigation: Generally user-friendly environment, but certain processes can experience delays.
  • Government Support: Various local programs aimed at nurturing startups and promoting innovation.

6. Visas for Entrepreneurs 🌍

  • Startup Visas & Permits: Programs in place to facilitate business visas for foreign entrepreneurs.
  • Residency Options: Possibilities for long-term residency for eligible entrepreneurs.

Startup Community 🤝

7. Networking Events

  • Frequent startup fairs, pitch competitions, and community meetups.
  • Local incubators host events that connect entrepreneurs with investors and experts.

8. Subsidies and Funding 💵

  • Strong government funding for tech and innovative startups.
  • Access to various grants and local incubator programs for budding entrepreneurs.

9. Venture Capital (VC) Presence

  • Investments: Emergent VC community actively exploring new startups, particularly in tech and health.
  • Major Firms: Growing presence of both local and international investors focusing on Moncton’s strengths.

10. Incubators & Accelerators 🚀

  • A range of incubators dedicated to various industries like tech, health, and green energy.
  • Programs typically offer mentorship, funding, and valuable resources for entrepreneurs.

Technology & Industry Priorities 🔧

  • Focus Areas: Technology, Digital Media, Healthtech, and Green Innovations.
  • Government Initiatives: Aiming to enhance tech development and innovation across sectors.

Business Culture 🏙️

  • Language: English and French are both used in business; English is predominant.
  • Work Environment: Friendly and collaborative culture, with a strong focus on community support.

General Pros and Cons ⚖️

Pros:

  • Cozy, supportive community with a wealth of resources for startups.
  • Accessible government support and funding initiatives.
  • Low cost of living compared to other major cities.

Cons:

  • Smaller market size may limit immediate growth opportunities.
  • Limited local VC presence compared to larger urban centers.

Initiatives for Female Entrepreneurs 👩‍💼

  • Emerging programs aimed explicitly at empowering women in entrepreneurship.
  • Networking events and funding opportunities specifically tailored for women-led startups.

Moncton is an exciting choice for entrepreneurs eager to tap into a supportive and emerging startup ecosystem! 🚀

MeanCEO Index for Moncton 🚀

Moncton is carving out a niche in the startup space, especially for female entrepreneurs. How does it rate on the MeanCEO Index? Let’s dive into the score based on key factors that shape the startup ecosystem.

1. Weather ☀️

  • Score: 5/10
    • Moncton experiences a typical Eastern Canadian climate with cold winters and moderate sunny days. While there are beautiful seasons, harsh winters can be a deterrent for year-round outdoor activities.

2. Location 🏖️

  • Score: 3/10
    • Moncton is located near the Bay of Fundy, known for its high tides, but beach access is limited. The waters are not typically warm enough for swimming, which slightly impacts its coastal charm.

3. Women Friendly 👩‍💼

  • Score: 7/10
    • The culture in Moncton is generally respectful and supportive of women. Emerging programs focus on empowering female entrepreneurs, creating a conducive environment for women-led startups.

4. Foreigners Friendly 🌍

  • Score: 6/10
    • Moncton is increasingly welcoming to foreigners, but being a smaller city, it may have a more close-knit community feel. Open-minded residents contribute to a friendly atmosphere for newcomers.

5. English as a Business Language 📚

  • Score: 10/10
    • English is the predominant language in business and daily life, simplifying interactions for non-French-speaking entrepreneurs.

6. Delicious Cuisine 🍷

  • Score: 5/10
    • Moncton offers a range of local dishes, but the cuisine isn’t globally renowned. While there are options for healthy eating, local wines are less famous, and the presence of onions in many dishes keeps the score moderate.

7. Ease of Getting Married and Starting a Family 💍

  • Score: 6/10
    • Moncton’s community culture encourages family values, and the social scene is friendly. However, the limited population may impact the dating pool somewhat.

8. Medicine 🏥

  • Score: 6/10
    • Access to healthcare is reasonable, although wait times can vary. Generally affordable, but specialty appointments may take longer to secure.

9. Ease of Transportation & Traveling 🚍

  • Score: 5/10
    • Public transport is available but may not be as extensive as larger cities. Moncton does have an international airport, making it easier to travel, though local transportation options could improve.

10. Startup Mindset 💡

  • Score: 8/10
    • The community embraces innovation and encourages risk-taking. Local programs support entrepreneurs, fostering a mindset where failure is seen as part of the journey toward success.

MeanCEO Index Score: 57/100 🎉

Moncton showcases potential as a budding hub for female entrepreneurs, with community support and emerging initiatives boosting its appeal. While challenges exist—such as the colder climate and limited market size—the commitment to support women in business and a growing startup culture make it a promising destination to consider.

Keep pushing forward, Moncton entrepreneurs! 🚀