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.

Activities funded

Examples of admissible projects:

$ 21,250

Adopt solar panel technology to power a coffee roasting facility

$ 50,000

Implementing a solar energy system to reduce greenhouse gas emissions

$ 25,000

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

$ 20,000

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

$ 22,500

Implement a pilot program for urban vertical farming

Eligibility

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

Who is eligible?

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

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

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.

Eligible geographic areas

This grant is specifically tailored for businesses operating within certain geographical locations as defined by the funding body PME MTL. However, due to the unavailability of detailed information, specific eligible areas cannot be listed at this time.

Selection 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

How to apply

Of course! Please provide the French text you would like me to translate.

Check the eligibility of the company or its leaders for the grant.
Ensure that the company meets the required conditions to benefit from the fund.

Of course! Please provide the French text you would like me to translate.

Present a detailed business plan or project summary.
Prepare financial forecasts for at least two complete financial years.
Prepare a compilation mission of the financial statements for the last two completed fiscal years (or for the first fiscal year for companies less than two years old).
Present a strategic approach to sustainable development.
Contribute to a funding amount of 20% of the total project cost.

Of course! Please provide the French text you would like me to translate.

Submit the grant application by following the specific procedures of the fund.
Wait for the evaluation of the application by the joint investment committee (CIC) of the relevant hub.

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.

Documents and links

PME MTL — Industrial and sustainable development investment fund

Apply to this program

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.