Desjardins launches innovation lab with city of Montreal

desjardins lab

While a recent EY report found that most companies aren’t effectively implementing innovation strategies, Desjardins has made a move to ensure it doesn’t get left behind.

According to Dx3, Desjardins has announced a new innovation lab that will work with the city of Montreal.

Desjardins and the city of Montreal will work together with local accelerators InnoCité MTL, and Hacking Health.

The space is meant to encourage Desjardins staff to exchange ideas and analyze, develop, and test applications for new technologies. Desjardins members and clients can work with Desjardins, both on-site or online, to help design products and services.

Desjardins and the city of Montreal will work together with local accelerators: InnoCité MTL, Montreal’s smart city accelerator, and Hacking Health, a nonprofit that works toward healthtech innovation. The insurance service company indicated that the goal of the three partnerships is to promote co-creation within the community and broaden its digital services.

“The involvement of an important financial institution, so intimately linked with our collective entrepreneurial history, with InnoCité MTL, our smart city accelerator, reinforces the notion that we must all invest in the future of Montreal,” said Denis Coderre, mayor of Montreal, at the lab’s official inauguration. “We are happy to be able to count on Desjardins as a partner in this important initiative. InnoCité MTL’s entrepreneurs will benefit greatly from its contribution.”

Related: First cohort announced for InnoCité MTL smart city accelerator

Image courtesy Dx3

Jessica Galang

Jessica Galang

Jessica Galang is BetaKit's News Editor. Follow her on Twitter @jessicagalangg or send her pitches to jessica.galang@betakit.com.