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DMZ Small Business
Banking Challenge

Powered by BMO

A two-day event fueling Canada’s most promising FinTech startups.

The DMZ and BMO have partnered for a two-day event that will support eight Canadian startups operating in the small business banking sector.

On day one, startups will be invited to an exclusive thought leadership event to learn about industry trends and BMO partnership successes. This will be followed by the opportunity for one-on-one deep dives with BMO experts on specific aspects of their business.

On day two, we’ll support the continued development of participating startups with DMZ’s expert resources and expose the BMO team to the startup ideas, followed by a pitch contest.


October 9 & 10, 2019
9:00 AM - 5:00 PM


10 Dundas Street - Suite 600
Toronto, ON

What founders get


Coaching from dedicated DMZ Experts-in-Residence experienced in the Canadian FinTech space.

Direct feedback

Reciprocal mentoring sessions with BMO leadership on opportunities and challenges of partnering, including security, privacy, understanding BMO’s business objectives, and finding a champion within the bank.


The chance to meet and network with FinTech experts, investors, businesses and BMO’s executive community.


Two intensive days of programming from DMZ and BMO mentors on the small business banking landscape in Canada.

Cash prizes

$15,000, $10,000 and $5,000 for 1st place, 2nd place and 3rd place, respectively.

Toronto’s ecosystem

Financial support to travel to the DMZ, in the heart of Canada’s financial sector, for two days.

Evaluation criteria

To apply to the program, you'll need to:

Have a business solution focused on solving an important problem within small business banking, with preference given to startups that can demonstrate:

  • How they help BMO deliver services more effectively and efficiently (e.g. new ways to identify fraud, improve AML screening, identify leads, prospects and adjudicate credit).
  • How their tools that can help BMO customers’ businesses be more successful (e.g. POS lending, tools to build loyalty, tools providing market insights to help startups start/grow client businesses, tools for specific verticals like contractors and physicians).

For program guidelines, please click here.

Program Timeline

July 9, 2019: Applications open
August 16, 2019: Applications deadline
August 23, 2019: Selected applicants notified
September 20, 2019: Confirmation
October 9, 2019: Mentoring & Bootcamp
October 10, 2019: Pitch competition

Ready to connect with BMO FinTech experts?

Application deadline is August 16, 2019 at 11:59 P.M.

About the partners

Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $830 billion as of April 30, 2019, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
The DMZ is a leading tech accelerator headquartered in Toronto, Ontario that helps high-potential startups grow and scale to world-class businesses. Also supporting ideation and validation stage startups, the DMZ’s incubator program has been ranked number one in the world by UBI Global. Since 2010, the DMZ has helped 430 startups raise over $736 million and foster more than 3,909 jobs.
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