INNOGEC
At a glance
- No Condition
- Open Date : April 22, 2024
- All industries
- City of Montreal
Overview
Eligibility criteria
The eligibility criteria for the INNOGEC grant are as follows:
- Receive financial support from PME MTL
- Be a Canadian citizen or permanent resident
- Be legally constituted and registered in the Registre des Entreprises du Québec (REQ)
- Have its head office in Montréal
- Be a social enterprise, incorporated as a cooperative or non-profit organization with a commercial activity
- Present a project that involves calling up external consultants for strategic assistance
- Present a project that involves the payment of professional fees made by a specialized organization
- Demonstrate the availability of additional financial resources to complete the project
- Demonstrate management experience, knowledge, and skills
- Fill out the application form and provide supporting documents
Who is eligible
There are eligible types of companies for the grant INNOGEC. It is intended for Québec-based social businesses from all sectors, including co-operatives and non-profit organizations, that are part of the social economy.
- Social businesses
- Co-operatives
- Non-profit organizations
Eligible expenses
Eligible expenses for the INNOGEC grant include strategic and analytical consulting services that are relevant to the challenges facing the business. Operational issues are not eligible. Some examples of eligible projects are:
- Analysis of service production costs
- Financial analysis
- Development of new services
- Business diagnosis
- Market research, development of new markets, and costing exercise
- Human resource management
- Organization and processes
- Business plan
- Strategic planning
Eligible projects & activities
There are eligible projects for the grant. Below is a summary of eligible projects:
- Analysis of service production costs
- Financial analysis
- Development of new services
- Business diagnosis
- Market research, development of new markets and costing exercise
- Human resource management
- Organization and processes
- Business plan
- Strategic planning
Evaluation & selection criteria
INNOGEC applications are evaluated based on eligibility conditions, contribution to business development, and overall impact. The selection criteria include:
- Respect for eligibility conditions
- Contribution to business development
- Social, cultural, or economic impact
How to apply
- Step 1:
- Download the INNOGEC application form from the official website.
- Completing the application form in Excel format is mandatory.
- Step 2:
- Prepare the documents required for the application:
- Status of incorporation.
- Company financial statements.
- List of board members.
- Professional's offer of service.
- Other documents deemed relevant to the study of the file.
- Step 3:
- Send your complete application to innogec@filaction.qc.ca.
- Be sure to include all requested elements in your submission.
- Step 4:
- Consult INNOGEC's official website for upcoming application deadlines.
- Prepare your application according to these deadlines.
Additional information
- INNOGEC funding is intended to support social businesses in Québec that are part of the social economy.
- Applicants must demonstrate management experience and present a project involving external consultants for strategic assistance.
Contact information
INNOGEC Grant Summary:
The INNOGEC grant provides financial assistance to Quebec-based social businesses, including cooperatives and non-profit organizations, to cover professional consulting fees. Eligible recipients can receive up to $15,000 in non-repayable contributions to support strategic consulting services.
INNOGEC Grant Details:
The INNOGEC fund aims to support social enterprises in Quebec by providing funding for professional consulting and advisory services. Eligible applicants must be receiving financial support from PME MTL, be legally constituted and registered in the Quebec enterprise registry, and have their head office in Montreal.
INNOGEC prioritizes consultation services from organizations within the social economy and covers up to 40% of the total cost of professional fees for interventions. Eligible expenses include services such as financial analysis, business diagnosis, market research, human resource management, and strategic planning.
Applicants must demonstrate management experience, knowledge, and skills, as well as show the availability of additional financial resources to complete the project. The application process requires filling out the INNOGEC application form, submitting relevant documents, and sending the application to innogec@filaction.qc.ca.
Applications are evaluated by a committee consisting of members from various organizations, and decisions are based on the project's contribution to business development and its social, cultural, or economic impact. For more information and to find out application deadlines, applicants can visit the INNOGEC website.
