PME MTL — Industrial and sustainable development investment fund
Montréal, QC, Canada
Financing for sustainable projects in Montreal, Quebec
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
Implement a pilot program for urban vertical farming
$25,000
Develop and market an energy-efficient robotic arm for manufacturing automation
$50,000
Implementing a solar energy system to reduce greenhouse gas emissions
$21,250
Adopt solar panel technology to power a coffee roasting facility
$20,000
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.
Apply to this program
Enhancing French Language Use through Grant Opportunities
This grant aims to support initiatives that promote the use and integration of the French language in various sectors. It seeks to ensure the preservation and growth of French language use as a core cultural and economic element in society.
Understanding the Grant's Role in French Language Promotion
The grant serves as a critical tool for encouraging the widespread use of the French language in different domains, particularly in areas where English predominates. This program recognizes the importance of maintaining linguistic diversity and aims to bolster the French language's presence in business, education, and community settings. Financial support is available for projects that creatively and innovatively integrate French into organizational practices, educational curricula, or community services, aligning with the overarching goals of cultural preservation and enrichment.
Organizations and institutions applying for the grant must demonstrate a commitment to fostering the French language's vitality, ensuring its accessibility, and enhancing its functionality in everyday activities. The funding may be used for a range of activities including the development of bilingual educational materials, training programs in French, or digital resources that promote French language use among various demographics.
The overarching goal of the grant is cultural preservation through active engagement with stakeholders at all levels, from grassroots community groups to large enterprises. The fund recognizes that languages are living entities that thrive through active use and adaptation, thus, projects that propose unique solutions to language integration are strongly encouraged. Additionally, the grant aims to bridge gaps where French language resources may be limited or underutilized, thereby extending the reach and impact of language resources.
Moreover, the grant supports initiatives that encourage intercultural dialogue and understanding, contributing to the broader cultural mosaic within Canada. It is not just about maintaining traditional uses of French, but also exploring contemporary applications that resonate with new generations and digital platforms. This adaptability ensures the French language remains relevant and embraces modern forms of communication and expression.
Successful applicants will have their projects evaluated based on both quantitative and qualitative metrics, ensuring that funded developments specifically enhance the visibility and practical application of the French language. By fostering these initiatives, the grant helps to sustain cultural heritage while encouraging economic vitality through multilingual proficiency and awareness.
This grant exemplifies Canada's commitment to protecting and promoting its linguistic heritage, recognizing the economic, cultural, and social benefits of a multilingual populace. Organizations that harness this opportunity can significantly contribute to maintaining the French language's dynamism, supporting cultural cohesion, and facilitating a bilingual society for future generations.
