The Startup Ecosystem of Kingston

Kingston’s central location between Toronto, Ottawa, and Montreal, as well as its convenient access to markets in Syracuse, New York, make it an ideal hub for business. The city’s transportation infrastructure is well-developed, with a VIA Rail stop connecting it to Canada’s main railway network.

Kingston, also known for its highly educated workforce, boasts a strong startup ecosystem supported by its exceptional education institutions. With the highest number of PhD graduates per capita nationally, Kingston is recognized for its intellectual capital. The city is home to three prestigious post-secondary institutions: Queen’s University, the Royal Military College of Canada, and St. Lawrence College.

In terms of innovation and research, Kingston offers a range of commercialization services through institutions like the Center for Advanced Computing and the Human Mobility Research Lab. These facilities contribute to the city’s thriving R&D scene.

To foster entrepreneurship and startup growth, Kingston hosts events such as the Mayor’s Innovation Challenge, encouraging startups to tackle smart city challenges. The city invests in the winning team’s idea, promoting the development of its startup ecosystem.

Private investment is also vital to the ecosystem, with the Southeastern Ontario Angel Network actively supporting local companies with the potential for growth and job creation.

The public sector plays a significant role in supporting startups through initiatives like Futurpreneur, which provides coaching, financing, and mentoring for young entrepreneurs. The Starter Company Plus program offers business training and grants for entrepreneurs aged 18 and over. Additionally, FedDev Ontario has invested over US$1B to drive innovation and growth in the region, specifically supporting high-potential firms with innovative products, technologies, and processes.

Kingston Economic Development plays a pivotal role in building a strong community and supporting the local economy. With a focus on attracting foreign direct investment, business retention and expansion, as well as nurturing startups and entrepreneurs, they leverage Kingston’s unique assets to meet the demands of the 21st-century economy.

Overall, Kingston’s startup ecosystem thrives through its educated workforce, strategic location, supportive events, private investment, and various public sector incentives. The city’s commitment to fostering innovation and entrepreneurship positions it as an attractive destination for startups and investors alike.