Call for projects: Innovation and growth
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.
Overview
The "Call for projects: Innovation and Growth" grant by PME MTL Centre-Est offers up to $50,000 to support private and social enterprises in developing innovative solutions, focusing on sectors like bio-food, clean technologies, health technologies, and cultural industries. Eligible activities include market launching, completing real-environment innovation testing, and productivity improvement through technological and automation enhancements.
At a glance
Funding available
- Increase performance through digital transformation
- Develop a new product or service
- Optimize production processes
- Maximum amount : 50,000 $
Eligible candidates
- All industries
- Montreal
- Montréal
- Quebec
- For-profit business
- Social economy enterprise
- All revenue ranges
- All organization sizes
- Startups
Next Steps
Activities funded
This grant is designed to support enterprises in developing and commercializing innovative solutions across various sectors. The eligible projects or activities emphasize market introduction, productivity enhancements, and real-world testing of innovations.
- Testing and piloting an innovation in a real-world context.
- Launching to market and making the first sales of the innovation.
- Enhancing productivity through the implementation of technological equipment or increasing automation and robotization.
Eligibility
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.
Selection criteria
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.
How to apply
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.
Additional information
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.