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Open Innovation Subsidy Program for start-up companies
Montréal, QC
Montréal subsidy supports innovative start-up collaborations
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Transportation and warehousing
- Information and cultural industries
- Health care and social assistance
- Accommodation and food services
- Other services (except public administration)
- Public administration
grant_single|grantors
- City of Montreal (MTL)
grant_single|status
grant_card_status|open
grant_single_labels|preview
This financial support program is designed to facilitate the initiation of business relationships between innovative startups and established organizations in the metropolis of Montreal.
The main goal of the program is to boost the commercialization of innovative solutions addressing key issues such as urban development, ecological transition, or labor shortages. These urban challenges encompass a wide range of areas, including economic, cultural, and social development, environmental management, improvements to transportation systems, and the revitalization of neglected zones.
Through this collaboration, emerging companies not only receive technical and financial support but also benefit from an expanded business network. Meanwhile, partner organizations enjoy the agility and innovative capacity of startups, as well as privileged access to cutting-edge solutions.
grant_single_labels|terms_and_conditions
This grant offers a structured financial support mechanism to nurture innovative collaborations between start-ups and established organizations. The funding modalities ensure that both emerging and partnering entities share financial responsibilities while maximizing the potential impact of the project.
- The maximum grant covers 50% of the actual project costs, capped at $50,000.
- The partnered organization must contribute a minimum of 10% towards the project costs.
- Eligible expenses can only be incurred after project approval and include staffing, professional fees, equipment purchases, and certification costs.
- The initial payment constitutes 60% of the estimated maximum grant amount, payable post-approval and contract signing.
- The final grant payment is contingent upon submission and approval of project accounting documents.
- A comprehensive financial report must include documentation of all eligible project expenses and partner contributions.
- The enterprise retains full intellectual property rights over innovations developed during the project.
- Failure to adhere to post-project conditions may require repayment of part or all of the grant.
grant_single_labels|projects
This grant supports start-up companies in commercializing innovations that address urban challenges within the city of Montreal. Eligible projects aim to demonstrate product feasibility and achieve initial market validation through collaborative testing.
- Proof of concept or feasibility tests in real-world settings.
- Validation of new technologies with potential market applications.
- Pre-commercial demonstrations to target and analyze specific markets.
- Achievement of initial sales to demonstrate market readiness.
grant_single|admissibleProjectsExample
$ 40,000
Developing a pilot project for smart waste management in urban areas of Montreal
$ 35,000
Implementing a renewable energy solution for underserved neighborhoods
$ 50,000
Creating a mobile app to help Montreal workers find jobs more efficiently
$ 48,000
Offering a pre-commercial demonstration of an innovative public transportation app
$ 45,000
Launching a community garden initiative to promote urban agriculture
$ 45,000
Providing a feasibility study for a new bike-sharing system
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the emerging company's location, organizational structure, and financial status.
- The company must have its head office or main place of business located within the Greater Montreal area.
- The company must be in its startup phase or have been in operation for less than 5 years.
- The company must have at least 2 full-time employees.
- The company's annual revenue must be equal to or less than $2 million.
- If the company is a corporation, its share capital must be mainly owned by Canadian citizens, permanent residents, or individuals holding a Quebec selection certificate, with no more than 50% ownership by another legal entity.
- Social economy enterprises (cooperatives or non-profit organizations) meeting the above criteria are also eligible.
grant_eligibility_criteria|who_can_apply
This grant is designed to evaluate and select projects that demonstrate the potential to positively impact the sustainable transformation of Montreal through innovative business solutions.
- Potential for growth of the emerging company and capability to complete the project.
- Quality of the project and the collaboration between the emerging company and the partner organization.
- Scope and outcomes of the project.
grant_eligibility_criteria|who_cannot_apply
This grant has specific eligibility criteria which implicitly exclude certain companies or industries due to the nature and objectives of the program. However, no explicit restrictions on specific types of industries or companies that cannot apply are mentioned in the provided context.
grant_eligibility_criteria|eligible_expenses
The grant covers specific expenses directly related to the implementation and success of the project.
- Remuneration of temporary or permanent staff according to market conditions.
- Professional fees, such as legal support, research conducted by a recognized institution, accounting services, software development, or data processing services.
- Purchase of equipment and supplies.
- Rental costs for equipment.
- Costs related to obtaining approvals or certifications.
grant_eligibility_criteria|zone
This grant is available exclusively to companies situated in designated geographical regions within Montreal. The eligibility is precisely outlined to encourage local innovation and sustainability efforts.
- Companies with their head office or principal place of business within the montreal agglomeration.
- Partners must also be established within the territory of the Montreal agglomeration.
grant_single_labels|criteria
The evaluation and selection of projects under this grant focus on assessing the growth potential, collaboration quality, and impact of the project.
- Potential growth of the emerging business and its capacity to complete the project.
- Quality of the project and the collaboration between the emerging business and the partner organization.
- Scope and impact of the project.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Partner Identification (Partnership)
- Identify and secure a partnership with an eligible organization established in the Montreal agglomeration.
- Ensure the organization meets the criteria such as being a public or private legal entity with more than 50 employees or being a non-profit.
- Negotiate a financial contribution from the partner organization, ensuring it represents at least 10% of the project costs.
- Step 2: Documentation Preparation (Documents)
- Complete the application form thoroughly.
- Secure a board resolution or another official document authorizing the application.
- Prepare CVs for the management team or provide web pages presenting their profiles.
- Compile the financial statements for the last fiscal year, or if unavailable, provide an internally prepared balance sheet and income statement accompanied by bank account statements for the previous six months.
- Draft a 3-year financial forecast for the innovative product's potential sales in the targeted market.
- Create a business plan describing the innovative product, business model, and commercialization strategy.
- Step 3: Submit Application (Submission)
- Submit the completed application form and all required documents by email to the provided address: entrepreneuriat@montreal.ca.
grant_single_labels|otherInfo
Additional important details about the grant include:
- The project must be completed within a 12-month time frame.
- The maximum grant amount covers 50% of the real project costs, up to $50,000.
- The partner organization must contribute at least 10% of the project costs as part of the funding arrangement.
- The emerging company retains ownership of all rights related to any adaptations, modifications, or developments made to the innovative product during the project.
- The first payment installment is 60% of the estimated maximum grant amount and is released once the project is declared eligible and the contract with the partner organization is signed.
- The remaining balance of the grant is disbursed after the accounting documents are submitted.
- The City of Montréal reserves the right to reclaim the grant partially or entirely if the emerging company relocates its headquarters outside Quebec or if control of the company undergoes ownership changes within one year of project completion.
grant_single_labels|contact
entrepreneuriat@montreal.ca
