How much funding can be received?

The Innovation & Growth grant launched by PME MTL Centre-Est aims to support private and social economy enterprises developing innovative solutions in sectors such as biofood, clean technologies, health technologies, and cultural and creative industries. Eligible activities include testing innovations in real-world contexts, launching products on the market, and improving productivity through technological equipment or automation. The grant offers up to $50,000 and includes an hour of free legal consultation in technology and intellectual property.

grant_single_labels|projects

This grant supports several eligible projects and activities aimed at innovation and commercialization within the territories covered by PME MTL Centre-Est.

Testing and implementing innovation in a real-world context
Launching the market introduction and making the first sales of the innovation
Improving productivity through technological equipment implementation or enhancing robotization and automation

grant_single_labels|admissibility

To be eligible for this grant, an enterprise or its directors must meet specific conditions. These conditions ensure proper legal status, financial viability, and contribution towards the project.

Have Canadian citizenship, be a permanent resident, or possess a Quebec Selection Certificate (CSQ).
Be legally constituted and duly registered with the Quebec Enterprise Register (REQ).
Have a business establishment in the PME MTL Centre-Est territory and have its head office in Quebec.
Contribute 20% of the project costs.
Complete the submission form and attach all necessary documents, including the cost and financing table.
Have no debts to the government.
The cumulative grants from PME MTL awarded to the enterprise must not exceed $50,000 per 12-month period.

grant_eligibility_criteria|who_can_apply

Yes, there are eligible types of companies for this grant. The grant is targeted at private and social economy enterprises that are developing and commercializing innovative solutions, with a priority given to specific sectors.

Bioalimentaire
Clean Technologies
Health Technologies
Cultural and Creative Industries

grant_eligibility_criteria|who_cannot_apply

Some eligibility conditions implicitly suggest that certain types of companies may not be eligible for this grant.

Companies with government debts
Companies whose executives do not meet Canadian citizenship or permanent residency requirements
Companies not registered with the Registraire des Entreprises du Québec (REQ)
Companies whose place of business is not located within the territory of PME MTL Centre-Est
Companies whose head office is not in Quebec

grant_eligibility_criteria|eligible_expenses

Yes, there are eligible expenses for this grant.

The eligible expenses aim to support the implementation of dedicated innovation and commercialization teams, acquisition of automation equipment, and other projects intended to deploy innovations within the covered territories.

Testing and trying an innovation in a real-world context
Launching the market release and making the first sales of the innovation
Improving productivity, particularly through technological equipment implementation or increased robotization or automation

grant_eligibility_criteria|zone

Eligible geographic zones for this grant are businesses located in the PME MTL Centre-Est territory, with their head office in Quebec.

PME MTL Centre-Est territory
Head office in Quebec

grant_single_labels|criteria

The grant has specific evaluation and selection criteria, which focus on the team's expertise, economic viability, financial partnerships, and sustainable practices.

The following are the detailed evaluation and selection criteria:

Expertise of the team and capacity to complete the innovation and/or growth project
Economic viability
Participation of other financial partners
Implementation of sustainable development practices

grant_single_labels|register

Step 1

Make sure your company meets the eligibility requirements.
Evaluate whether your project corresponds to the targeted strategic sectors: Biofood, Clean Technologies, Health Technologies, Cultural and Creative Industries.

Step 2

Complete the application form.
Gather all required documents, including the cost and financing table.

Step 3

Prepare a demonstration of your team's expertise and ability to carry out the project.
Establish the project's economic viability.
Include the participation of other financial partners, if possible.
Indicate your company's sustainable development practices.

Step 4

Submit your application online before September 30, 2024.
Ensure that you have contributed 20% of project costs.

Step 5

If necessary, make an appointment with a PME MTL Centre-Est resource person to discuss your project.

grant_single_labels|otherInfo

There is additional information worth knowing for the applicant:

Projects must demonstrate a proven and quantifiable innovative dimension.
Grants will be prioritized for companies actively involved in sustainable development initiatives.
The maximum grant is $50,000.
Eligible expenses include testing innovations in real-life contexts and improving productivity using technological equipment.
Applicants must contribute 20% of project costs.
The deadline for grant applications is September 30, 2024.
Companies can also benefit from a free one-hour consultation on technology law or intellectual property.
Additional loans of up to $450,000 may be available at attractive rates.

grant_single_labels|contact

abakayoko@pmemtlce.com

5147230030

Apply to this program

Grant Summary: Innovation & Growth Call for Projects

The "Innovation & Growth Call for Projects" by PME MTL Centre-Est aims to attract and support private and social economy enterprises that develop innovative solutions. Eligible projects can receive up to $50,000 in grants, with a priority focus on sectors such as biofood, clean technologies, health technologies, and cultural and creative industries.

Detailed Explanation of the Innovation & Growth Call for Projects

The Innovation & Growth Call for Projects by PME MTL Centre-Est is a strategic initiative designed to drive economic advancement in the vibrant East Montreal region. This initiative offers significant financial support and resources to private and social economy enterprises that demonstrate innovation and growth potential. Below, we delve into the essential details of the grant, covering eligibility, scope, sectors of focus, evaluation criteria, and the application process.

Overview

PME MTL Centre-Est's Innovation & Growth Call for Projects is a targeted program aimed at fostering the development of innovative solutions within East Montreal. With proximity to downtown Montreal, Centre-Est is a dynamic area that provides excellent business opportunities across various sectors, including technology, social innovation, and sustainable development. This regional specificity positions businesses ideally for socio-ecological transition and a circular economy framework.

Strategic Sectors of Focus

While the grant supports innovative projects across all business sectors, there is a prioritized focus on specific strategic sectors:

Biofood: Projects that involve the development and commercialization of advanced biofood technologies, sustainable agriculture, and innovative food production systems.
Clean Technologies: Solutions that address environmental challenges through sustainable practices and technologies, including renewable energy, waste reduction, and eco-friendly innovations.
Health Technologies: Innovations aimed at improving healthcare services, medical devices, biotechnology, and health informatics.
Cultural and Creative Industries: Projects that foster creative expression and cultural innovation, including digital media, arts, design, and entertainment.

Financial Support and Eligible Expenses

The grant offers substantial financial aid to help enterprises accelerate their projects. Eligible projects may receive up to $50,000, with additional resources such as one hour of free consultation in technology law or intellectual property from Me Erwan Jonchères of Satoshi Legal. Additionally, depending on available funds, PME MTL Centre-Est may offer a loan up to $450,000 at very favorable rates to complement the financial setup.

Eligible Expenses

Testing and trying out innovations in real-world contexts.
Launching market entries and achieving initial sales for innovations.
Enhancing productivity through technology installations, robotization, or automation equipment.

Evaluation Criteria

Each application will be evaluated based on the following criteria:

Team Expertise: The competence and ability of the team to execute the innovation and/or growth project successfully.
Economic Viability: The financial health and sustainability of the project.
Financial Participation: Involvement of other financial partners.
Developmental Practices: Implementation of sustainable development practices.

Eligibility Requirements

To qualify for the grant, enterprises or their leaders must meet specific conditions:

Must have Canadian citizenship, be a permanent resident, or possess a Quebec Selection Certificate (CSQ).
Must be legally established and duly registered with the Quebec Enterprise Registrar (REQ).
The business office must be located within the PME MTL Centre-Est territory with its head office in Quebec.
Must contribute at least 20% of the project costs.
Complete the application form and attach all necessary documents, including the cost and financing table.
Must not have outstanding debts to the government.
Total PME MTL grants received by the enterprise must not exceed $50,000 within a 12-month period.

Application Process

Prospective applicants can submit their requests continuously until September 30, 2024. Businesses interested in applying are advised to schedule a meeting with a resource person for detailed guidance or address any preliminary questions directly to abakayoko@pmemtlce.com.

For more specific details on how to apply, below are some steps:

Review eligibility and gather necessary documentation as specified.
Fill out the application form comprehensively, ensuring all sections are completed and accurately represented.
Include the required cost and financing table along with the application form.
Submit the application formally within the given timeframe, ensuring you adhere to all directives on documentation and submission.

About the East Montreal Region

East Montreal, with its strategic geographical location, houses a bustling business ecosystem close to downtown Montreal, enhancing its attractiveness for innovators. This area is poised for substantial growth, particularly in sectors associated with technological advancement, social innovation, and sustainable development, making it an ideal ground for startups and established enterprises aiming to contribute to the socio-ecological transition and circular economy efforts.

Conclusion

The Innovation & Growth Call for Projects by PME MTL Centre-Est represents a significant opportunity for enterprises aiming to make a mark with innovative solutions. By offering both financial assistance and resource-based support, the initiative encourages not only business growth but also the adoption of sustainable and socially responsible practices. Eligible enterprises are encouraged to leverage this opportunity to propel their innovations and contribute to the dynamic and evolving landscape of East Montreal.