grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|openingDateJuly 09, 2024
  • grant_single|closingDateJuly 09, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • PME MTL
grant_single|status
grant_card_status|open

grant_single_labels|preview

Get a subsidy of up to $50,000 to cover up to 25% of the costs of a sustainable development project such as R&D, the adoption of clean technologies, or robotization/automation in your business.

grant_single_labels|projects

The subsidy from the Innovation, Productivity, and Sustainable Development Fund can be used for various projects including testing innovations, validating target markets, marketing launches, improving productivity, adopting clean technologies, and implementing sustainable development practices.
  • Testing and trying out an innovation in a real-world context.
  • Validating the markets targeted during the development of the innovation.
  • Marketing launch.
  • Generating the first sales of the innovation.
  • Improving productivity, especially through technological equipment installation, robotization, or automation.
  • Adopting clean technologies.
  • Implementing sustainable development practices, particularly focusing on circular economy business models.
grant_single|admissibleProjectsExample

$22,500

Vancouver
Implement a pilot program for urban vertical farming

$25,000

Montréal
Develop and market an energy-efficient robotic arm for manufacturing automation

$50,000

Vancouver
Implementing a solar energy system to reduce greenhouse gas emissions

$21,250

Calgary
Adopt solar panel technology to power a coffee roasting facility

$20,000

Toronto
Launch a recycling initiative focused on circular economy for e-waste

grant_single_labels|admissibility

Eligibility criteria for the Innovation, Productivity, and Sustainable Development Fund:
  • Canadian citizenship, permanent resident status, or Quebec selection certificate
  • Legal incorporation and registration in the Registraire des entreprises du Québec (REQ)
  • Montréal-based address with a head office in the province of Quebec
  • Presentation of a business plan or executive summary
  • Financial forecasts covering at least two full financial years
  • Compilation of financial statements for the last two completed financial years
  • Minimum down payment of 20% of the total cost for a pre-startup business or at least 15% for a start-up/growing business when applying for a loan or 20% for a subsidy

grant_eligibility_criteria|who_can_apply

There are eligible types of companies for this grant. Eligible businesses must meet certain conditions such as being legally incorporated, having a Montréal-based address, and presenting a business plan.
  • Legally incorporated and registered in Quebec
  • Have a Montréal-based address and head office in Quebec
  • Present a business plan or executive summary

grant_eligibility_criteria|who_cannot_apply

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.

grant_eligibility_criteria|eligible_expenses

Eligible expenses for the grant include costs directly related to the business project. These may cover items such as testing innovations, marketing launches, improving productivity through technology, adopting clean technologies, and implementing sustainable development practices.
  • Testing and trying out an innovation in a real-world context.
  • Validating the markets targeted during the development of the innovation.
  • Marketing launch.
  • Generating the first sales of the innovation.
  • Improving productivity, especially through technological equipment and automation.
  • Adopting clean technologies.
  • Implementing sustainable development practices, particularly focusing on circular economy models.

grant_eligibility_criteria|zone

There are specific geographic areas mentioned for this grant.
  • Montréal region

grant_single_labels|criteria

Each application is reviewed by the Comité d’investissement commun (CIC) of the area concerned, which will determine whether the entrepreneur and the project meet the objectives and requirements of the Fund's policy.
  • Business or project alignment with Fund's policy objectives and requirements
  • Entrepreneur's qualifications and management capacity
  • Feasibility and impact of the proposed project
  • Relevance of the project to fostering innovation, productivity, and sustainable development

grant_single_labels|register

  • Step 1: Ensure eligibility criteria are met
  • Have Canadian citizenship, be a permanent resident, or hold a Quebec selection certificate.
  • Be legally incorporated and registered in the Registraire des entreprises du Québec (REQ).
  • Have a Montréal-based address and head office in Quebec.
  • Provide a business plan, financial forecasts, and financial statements.
  • Step 2: Prepare required documents
  • Compile financial data and business information as specified in the eligibility conditions.
  • Step 3: Submit the application
  • Complete the application form with all necessary details and documentation.
  • Submit the application to the Comité d’investissement commun (CIC) for review.

grant_single_labels|otherInfo

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.

grant_single_labels|documents

PME MTL — Industrial and sustainable development investment fund

Apply to this program