- Open Date : April 12, 2021
Overview
Get a grant of up to $25,000 to cover up to 25% of the costs of a project that helps your startup (including food services and drinking places) grow.
At a glance
Funding available
- Reduce environmental footprint
- Access new markets
- Launch or market a product/service
- Maximum amount : 25,000 $
- Up to 80% of project cost
- Open Date : April 12, 2021
Eligible candidates
- Retail trade
- Montreal
- Montréal
- Quebec
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Canadians
Next Steps
Activities funded
This fund supports retail business projects that contribute to enhancing the commercial landscape by meeting market needs and supporting business sustainability. The eligible activities are tailored towards setting up new businesses, expanding existing operations, retaining businesses, and improving business resilience in retail environments.
- Setting up a new business that meets a commercial demand.
- Growth or development of existing commercial activities.
- Retention of a business on a commercial street.
- Development or adoption of a model to make the business more attractive and resilient.
Eligibility
Who is eligible?
Applications will be evaluated based on their alignment with the objectives of diversifying and enhancing the commercial offering on the street. Unfortunately, the exact criteria and point scores for the evaluation and selection are not specified in the provided context. Additionally, the financial assistance may vary depending on the territory and is subject to conditions related to fund availability.
Who is not eligible
There are specific types of companies that are not eligible for this grant.
- Companies not legally constituted as a legal person or sole proprietorship
- Companies not duly registered with the Registre des entreprises du Québec (REQ)
- Companies without a place of business in Montreal and head office in Quebec
- Companies in debt to the government for amounts owed under tax laws
- Companies that have already received a grant or financial contribution from PME MTL for the same business project
Eligible expenses
This grant supports business projects designed to enhance the retail sector's diversity and quality in Montreal. Eligible activities focus on setting up, growing, and sustaining on-street businesses.
- Setting up a new business that meets a commercial demand.
- Growth or development of commercial activities.
- Retention of a business on a commercial street.
- Development or adoption of a model to make the business more attractive and resilient.
Eligible geographic areas
This grant is available to businesses located in Montreal, Quebec. It is specifically designed to support and develop the commercial entrepreneurship within the Montreal area.
- Businesses must have their place of business in Montreal.
- The head office must be located in Quebec.
Additional information
Here are additional relevant details for this grant:
- The determination of financial assistance is subject to the availability of funds, and territories may have varying budgets affecting grant amounts.
- Applications are reviewed by a joint investment committee specific to the cluster involved, evaluating the entrepreneur's qualifications and project alignment with fund objectives.
- The grant amount is capped as a maximum of 80% of the total project cost, requiring applicants to provide at least 20% themselves.
- The fund is targeted at enhancing the diversity and quality of commercial streets.