The former Montreal Stock Exchange trading floor will become a new centre for entrepreneurism.

The government of Quebec and Canada, along with the City of Montreal have joined forces with the École de Technologie Supérieure (ÉTS) engineering college to anchor Espace Ax-C in the Place Victoria tower. The three levels of government and private sector have invested $48 million in the project, ETS announced in a press release.

The project culminates several years of work between governments and key players to support research, innovation and downtown Montreal.

“It aims to create an environment that is conducive to the commercialization and export of innovations by providing accelerators, incubators, and technology startups with an inspiring and inclusive space, and resources and support essential to their growth,” said ETS in the release.

Ax-C is slated to open in 2025.

Photo: Place Victoria (CNW Group/École de technologie supérieure)