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.

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This grant is accessible to businesses based within specific regional confines governed by PME MTL Centre-Est. These eligibility conditions focus on fostering innovation in the East of Montreal area.

Businesses situated on the territory of PME MTL Centre-Est.

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Eligibility for this grant is subject to specific conditions that must be fulfilled by the enterprise or its leaders.

Must have Canadian citizenship, be a permanent resident, or have a Quebec Selection Certificate (CSQ).
Must be legally constituted and duly registered with the Quebec Enterprise Registrar (REQ).
Must have its business premises on the territory of PME MTL Centre-Est and have its head office in Quebec.
Must contribute at least 20% of the project costs.
Must complete the submission form and attach all documents, including the cost and financing table.
Must not have any government debts.
The total grants disbursed by PME MTL to the company cannot exceed $50,000 within a 12-month period.

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This grant is open to both private companies and social economy enterprises that are developing and commercializing innovative solutions across various sectors. However, priority will be given to those active within the bio-food sector, clean technologies, health technologies, and cultural and creative industries.

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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

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This grant supports projects that focus on innovation and commercialization, particularly in strategic sectors such as bio-food, clean technologies, health technologies, and cultural industries. Eligible activities promote testing, market launch, and productivity improvements through technology integration.

Testing and trying out an innovation in a real-world context.
Launching to market and achieving initial sales of the innovation.
Improving productivity through the implementation of technological equipment or increased automation.

grant_eligibility_criteria|zone

The grant covers specific expenses aimed at fostering innovation and commercialization within the designated project areas.

Testing and trying an innovation in a real-world context.
Launching the product to market and achieving initial sales of the innovation.
Improving productivity, particularly through the implementation of technological equipment or the increase in automation and robotics.

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The evaluation and selection of projects for this grant are based on specific criteria to ensure alignment with the grant’s objectives.

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

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Here are the steps to submit an application for the Innovation & Growth grant:

Step 1: Verify Eligibility
- Ensure your business meets the citizenship and residency requirements.
- Confirm your business is legally constituted and registered in Quebec.
- Verify your business location is within the territory of PME MTL Centre-Est.
- Ensure your business can contribute 20% of the project costs.
Step 2: Prepare Application
- Complete the application form provided by PME MTL Centre-Est.
- Include all required documents, such as the cost and financing table.
- Detail the project scope, objectives, and expected outcomes.
- Prepare a detailed project budget and timeline.
- Outline the qualifications of the team involved in the project.
Step 3: Submit Application
- Submit your completed application and attached documents directly to PME MTL Centre-Est.
- Applications can be submitted continuously until 30 September 2024.
Step 4: Confirmation of Submission
- Await acknowledgment from PME MTL Centre-Est confirming receipt of your application.

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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.

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abakayoko@pmemtlce.com

5147230030

Apply to this program

Fostering Innovation and Growth in Montréal's East End

The Innovation & Growth call for projects by PME MTL Centre-Est offers substantial financial backing to private and social economy enterprises fostering innovative solutions. This initiative supports economic development in Montréal's East by targeting strategic sectors with up to $50,000 in grants and additional consulting services to accelerate innovation and market entry.

Detailed Insight into the Innovation & Growth Grant Initiative

Located strategically in the dynamic territory of East Montréal, PME MTL Centre-Est is calling on enterprises to submit projects under its Innovation & Growth initiative, aimed at stimulating innovative business practices and sustainable economic development. The area, known for its proximity to downtown and diverse business opportunities, seeks to position itself as a hub for groundbreaking solutions in sectors such as clean technology, health technologies, and cultural industries. This program specifically targets projects that can contribute toward a socio-ecological transition and circular economy, aligning with contemporary global economic shifts.

Businesses applying for this grant can consider various eligible expenditures, such as forming innovation and commercialization teams, acquiring automation production equipment, or any project that deploys innovations efficiently within the PME MTL Centre-Est area. The goal is to facilitate the practical testing of innovations, initiation of market entry, and enhancement of productivity through advanced technology implementation and increased production automation.

A key component of the grant program is its emphasis on empowering projects that incorporate sustainable development practices. This aspect of evaluation ensures that funded initiatives not only meet the current business environment's needs but also contribute positively to Montreal’s socio-economic landscape in the long term. The participation of financial partners and a project’s economic viability are crucial evaluation criteria, ensuring that only projects with a solid foundation and significant impact potential are selected.

Grant applicants can access up to $50,000 in funds, coupled with a strategic consulting session in technology law or intellectual property from Me Erwan Jonchères of Satoshi Legal. Moreover, for projects requiring further financial support, a supplementary loan of up to $450,000 may be available, with attractive terms to finalize the financial structure necessary for project completion. Thus, the grant not only acts as a catalyst for project initiation but also supports scaling efforts through comprehensive financial solutions.

This initiative by PME MTL Centre-Est stands as a remarkable opportunity for businesses aiming to innovate while reinforcing their market positions. It fosters a conducive environment for developing creative solutions that align with strategic growth objectives, allowing for tangible benefits to the broader Montreal economic ecosystem. For enterprises committed to harnessing innovation to drive growth, the Innovation & Growth call offers both the financial backing and strategic support necessary to navigate the complexities of modern economic challenges successfully.