With nearly 3 million in population and an energy in the air not unlike New York City, Toronto should be more of a startup scene than it is. This is the first T.O. startup I've read about for as long as I can remember.
I wonder why it isn't. I'm in Montreal, and startups are definitely in the air. The advantages Montreal has I can think of are: * It's very cheap; good for getting started * A VERY high number of students per capita. At least five major universities, plus many CEGEPs * It's not near Waterloo. I imagine much Toronto talents gets sucked down to Kitchner-Waterloo. * It's the center for French talent. English talent in T…
I'm not sure about the actual numbers, I don't think movement is in any one direction where a reliable conclusion like that can be made. While a lot of talent is attracted and bred there, I'm not sure about the actual retention of talent. A bunch stay, but a lot leave for the US and there's an interesting dynamic between Waterloo and Toronto given that they're so close to each other.