PME MTL – Social Initiatives
At a glance
- From 5,000$ to 50,000$
- Open Date : November 14, 2019
- All industries
- PME MTL
Overview
Eligibility criteria
The eligibility criteria for the Fonds de développement de l'économie sociale (FDÉS) grant are as follows:
- Be a social economy enterprise or a non-profit organization (NPO) with a social economy project
- Be headquartered in Montréal
- Take a formal entrepreneurial approach
- Have self-generated revenue from the sale of goods or services representing 20% of your annual revenue
- Show your ability to create or maintain jobs
- Invest at least 20% of the total project cost
Who is eligible
Eligible companies for this grant are social economy enterprises or non-profit organizations (NPOs) with a social economy project.
- Be a social economy enterprise or a non-profit organization (NPO) with a social economy project
Eligible expenses
The eligible expenses for this grant include:
- Acquisition of technology, software, patents, etc.
- Working capital fund
- Professional fees
- Capital expenses (land, building, equipment, incorporation expenses, etc.)
Eligible projects & activities
The Fonds de développement de l’économie sociale (FDÉS) supports social economy projects that explore new sectors, develop new expertise, and have a formal entrepreneurial approach. Eligible activities include acquisition of technology, working capital fund, professional fees, and capital expenses.
- Acquisition of technology, software, patents, etc.
- Working capital fund
- Professional fees
- Capital expenses (land, building, equipment, incorporation expenses, etc.)
Eligible geographic areas
There are specific geographic areas mentioned for this grant. The eligible area is Montréal.
- Headquartered in Montréal
Evaluation & selection criteria
The FDÉS evaluates applications based on specific criteria to determine eligibility and project viability:
- Social economy enterprise or NPO status
- Headquartered in Montréal
- Entrepreneurial approach
- 20% self-generated revenue requirement
- Job creation or maintenance capacity
- Minimum 20% project cost investment
- Evaluation by the joint investment committee (CIC)
How to apply
- Step 1: Verify eligibility
- Must be a social economy enterprise or NPO with a social economy project
- Headquartered in Montréal
- Formal entrepreneurial approach is required
- Self-generated revenue from sales should be 20% of annual revenue
- Demonstrate ability to create or maintain jobs
- Invest at least 20% of the total project cost
- Step 2: Prepare required documentation
- Business plan outlining the project
- Financial statements and revenue details
- Evidence of job creation strategy
- Details of the investment in the project
- Step 3: Submit application
- Complete the application form
- Include all supporting documents
- Step 4: Review and decision
- Application is reviewed by the joint investment committee
- Decision on subsidy amount and approval
Additional information
Additional Information:
- Successful applicants must comply with reporting requirements to demonstrate the impact of the subsidy.
- Applicants need to provide a detailed project plan outlining the objectives, activities, expected outcomes, and timeline.
Fonds de développement de l'économie sociale Subsidies
Overview of the Fonds de développement de l'économie sociale Subsidies
The Fonds de développement de l'économie sociale (FDÉS) provides subsidies to support social economy initiatives in Montréal. Eligible applicants include social economy enterprises and non-profit organizations with entrepreneurial projects that generate self-generated revenue and create jobs. The subsidy ranges from $5,000 to $50,000 and can be used for various expenses such as technology acquisition, working capital, and professional fees.
The FDÉS aims to foster innovation and growth in the social economy sector by supporting projects that explore new sectors, develop new expertise, or adopt innovative approaches. The eligibility criteria require applicants to demonstrate a formal entrepreneurial approach, generate self-generated revenue, and invest a portion of the total project cost. The fund's joint investment committee assesses each application to ensure alignment with the fund's objectives and the project's viability.