Open
PME MTL — Industrial and sustainable development investment fund
Funding for innovation and sustainable business projects
Last Update: March 4, 2026
Funding available
$ 50,000
Timeline
- Open Date : April 12, 2021
Location
Montreal, Montréal, Quebec, Canada
Overview
A subsidy of up to $50,000 is available for business projects in innovation, productivity, and sustainable development. It supports activities such as testing innovation, market validation, product launch, productivity improvements, clean technologies, and circular economy practices.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop a new product or service
- Conduct research and development activities
- Optimize production processes
Eligible Funding
- Maximum amount : 50,000 $
- Up to 80% of project cost
Timeline
- Open Date : April 12, 2021
Eligible candidates
Eligible Industries
- All industries
Location
- Montreal
- Montréal
- Quebec
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Testing an innovation in a real-world context
- Validating target markets during innovation development
- Marketing launch and first sales of an innovation
- Productivity improvements through technology, automation, or robotization
- Adoption of clean technologies and sustainable development practices
Documents Needed
- Business plan or project summary
- Financial forecasts for two full fiscal years
- Compiled financial statements for the last two completed fiscal years
- Proof of Quebec business registration
Eligibility
Who is eligible?
- Incorporated businesses in Montreal
- Businesses with a head office in Quebec
Who is not eligible
There is no specific information provided about which companies or industries cannot apply for this grant. Restrictions based on company status or main activity are not mentioned in the given context.
Eligible expenses
- Costs directly related to the business project
Eligible geographic areas
- Montreal
- Quebec
Processing and Agreement
- Applications are reviewed by the local Comité d’investissement commun (CIC)
- The CIC assesses whether the entrepreneur and project meet the Fund’s objectives and policy requirements
- Funding depends on available funds
Additional information
Considering the importance of the Charter of the French language in Quebec, here are additional relevant details:
- Compliance with the Charter of the French language is mandatory when applying for grants in Quebec, which may include ensuring that all documentation is available in French.
- Applicants might need to demonstrate that their business activities, communications, and Quebec-based operations respect the language requirements set by the Charter.
- Using French primarily in public-facing aspects of the project could be a condition to fulfill the legal requirements.
Frequently Asked Questions about the PME MTL — Industrial and sustainable development investment fund Program
Here are answers to the most common questions about the PME MTL — Industrial and sustainable development investment fund. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the PME MTL — Industrial and sustainable development investment fund?
A subsidy of up to $50,000 is available for business projects in innovation, productivity, and sustainable development. It supports activities such as testing innovation, market validation, product launch, productivity improvements, clean technologies, and circular economy practices.
How much funding can be received?
PME MTL — Industrial and sustainable development investment fund Funds up to 80% of admissible expenses, capped at $50,000 per project.
Who is eligible for the PME MTL — Industrial and sustainable development investment fund program?
To be eligible for the PME MTL — Industrial and sustainable development investment fund program, you must:
Canadian citizen, permanent resident, or CSQ holder
Legally incorporated in Quebec
Located in Montreal with head office in Quebec
What expenses are eligible under PME MTL — Industrial and sustainable development investment fund?
Testing an innovation in a real-world context
Validating target markets during innovation development
Marketing launch and first sales of an innovation
Productivity improvements through technology, automation, or robotization
Adoption of clean technologies and sustainable development practices
Where is the PME MTL — Industrial and sustainable development investment fund available?
The PME MTL — Industrial and sustainable development investment fund program is available Montréal, Quebec.
Is the PME MTL — Industrial and sustainable development investment fund a grant, loan, or tax credit?
PME MTL — Industrial and sustainable development investment fund is a Grant and Funding
Who are the financial supporters of the PME MTL — Industrial and sustainable development investment fund?
PME MTL — Industrial and sustainable development investment fund is funded by PME MTL (PME)