Téo Taxi's lesson
Sarah Houde and Michel Leblanc, respectively President and Chief Executive Officer of Propulsion Québec, and President and Chief Executive Officer of the Montreal Metropolitan Chamber of Commerce
Entrepreneurs will tell you: every business project rollout carries its share of risks and pitfalls.
When it launched in 2015, Téo Taxi made the ambitious bet of focusing on electrification in a complex sector that needs to modernize. The end of this venture offers an important learning opportunity and highlights a major obstacle for companies, large and small, that innovate: regulatory rigidity.
Our governments are rightly making efforts to stimulate entrepreneurship and innovation in Quebec. They are also working to attract international-calibre companies here, notably in future-oriented fields such as artificial intelligence and electric, smart mobility.
However, to support the creation, deployment and commercialization of technological innovations, it is essential that our elected officials align the regulatory framework with their political will.
Innovative ideas must be supported by modern regulation, not suffocated by rigid, demobilizing delays.
