Call for projects: Innovation and growth
Montréal, QC
Montreal grant supports innovative business projects in strategic sectors
grant_single|update January 24, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|openingDateJanuary 1, 2023
- grant_single|closingDateSeptember 30, 2024
- grant_single|grantStatusClosed
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Information and cultural industries
grant_single|grantors
- PME MTL
grant_single|status
grant_card_status|closed
grant_single_labels|preview
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.
grant_single_labels|terms_and_conditions
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.
grant_single_labels|projects
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.
grant_single|admissibleProjectsExample
Development of a new hydroponic farming technology for fresh vegetables
Launch of a digital platform for corporate waste management
Automation of a production line for organic food products
Creation of a robotic installation for selective sorting in a recycling company
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
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.
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
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
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.
grant_single_labels|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.
grant_single_labels|register
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.
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
