Call for projects: Innovation and growth

This grant provides financial support for innovation and commercialization projects, emphasizing strategic sectors with a combination of grant and potential loan options.

• A grant of up to $50,000 is available, subject to available funds.
• An hour of free consultation in technology or intellectual property law is provided.
• Eligible projects may receive a loan offer of up to $450,000 at favorable rates.

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.

Who is eligible?

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.

Eligible expenses

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.

Eligible geographic areas

This grant is available to companies operating within a specified area to support innovation and growth in strategic regions. Eligible businesses must be established within the designated territory.

• Businesses located within the territories covered by PME MTL Centre-Est.

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.

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.