How much funding can be received?

PME MTL provides comprehensive support for businesses aiming to enhance innovation, productivity, and sustainable development in the Montréal region. The organization offers a funding program that grants up to $50,000, covering no more than 80% of total project costs. Eligible projects may include implementing new technologies, market validation, marketing launches, and adopting sustainable practices. To qualify, businesses must meet specific requirements such as having a Montreal address and providing detailed financial documentation. Funding availability is subject to limits. Services are accessible by selecting a local area on PME MTL’s website, ensuring targeted support for enterprises across Montreal's diverse districts.

grant_single_labels|projects

This grant is available to companies located within the Montréal region, as indicated by the mention of a Montreal-based address and a head office in the province of Quebec. The focus is on fostering regional economic development through innovation and sustainability.

Businesses with a Montréal-based address.
Companies with a head office in the province of Quebec.

grant_single|admissibleProjectsExample

$40,000

Launching a sustainable product line targeting eco-conscious consumers

$40,000

Launching an e-commerce platform for local artisans

$40,000

Developing a waste management system focused on circular economy

$48,000

Implementing a new automated sorting system in the warehouse

$36,000

Adopting clean energy technologies in manufacturing processes

$36,000

Conducting market validation for an innovative health monitoring device

grant_single_labels|admissibility

To be eligible for this grant, a business or its management must meet specific conditions related to legal status, location, and financial presentation.

The applicant must have Canadian citizenship, be a permanent resident, or hold a Quebec selection certificate (CSQ).
The business must be legally incorporated and registered in the Registraire des entreprises du Québec (REQ).
The business must have a Montréal-based address and a head office in the province of Quebec.
A business plan or executive summary must be presented.
Financial forecasts covering at least two full financial years must be presented.
A compilation of financial statements for the last two completed financial years must be presented, or for the first financial year for companies less than two years old.
A minimum down payment of 20% of the total cost for a pre-startup business, and at least 15% of the total project cost for a start-up or growing business for a loan and 20% when applying for a subsidy, must be provided.

grant_eligibility_criteria|who_can_apply

The Innovation, Productivity, and Sustainable Development Fund is designed to support businesses in the Montréal region that are pursuing innovative projects aimed at enhancing productivity, operational efficiency, and sustainable practices. Eligible applicants include legally incorporated businesses based in Québec, meeting several financial and operational criteria.

Must have Canadian citizenship, permanent residency, or a Quebec selection certificate.
Must be incorporated and registered with the Registraire des entreprises du Québec.
Must have a business address and head office in Montréal and Québec, respectively.
Must provide a comprehensive business plan or executive summary.
Must present financial forecasts for at least two fiscal years.
Must submit financial statements for the last two fiscal years or one year for newer businesses.
Must offer a minimum down payment of 15% to 20% depending on the business stage.

grant_eligibility_criteria|who_cannot_apply

There are specific types of companies that are not eligible for this grant:

Companies without Canadian citizenship, permanent residency, or a Quebec selection certificate
Companies not legally incorporated and registered in the Registraire des entreprises du Québec (REQ)
Companies without a Montréal-based address and a head office in the province of Quebec

grant_eligibility_criteria|eligible_expenses

This grant program is aimed at promoting innovation and sustainable practices that enhance productivity within the Montréal region. Eligible projects focus on applying technological advancements and integrating sustainable development models into businesses.

Testing and trying out an innovation in a real-world context.
Validating the markets targeted during the development of the innovation.
Marketing launch for new innovations.
Generating the first sales of the innovation.
Improving productivity, notably by installing technological equipment and enhancing robotization or automation.
Adopting clean technologies within the business operations.
Implementing sustainable development practices, particularly those incorporating circular economy business models.

grant_eligibility_criteria|zone

The grant covers specific expenses directly related to the innovation, productivity, and sustainable development projects.

Testing and trying out an innovation in a real-world context.
Validating the markets targeted during the development of the innovation.
Marketing launch costs.
Expenses related to generating the first sales of the innovation.
Costs associated with improving productivity through technological equipment installation, robotization, or automation.
Adopting clean technologies expenses.
Implementing sustainable development practices, including those for circular economy business models.

grant_single_labels|criteria

Yes, there are evaluation and selection criteria for this grant. The Comité d’investissement commun (CIC) reviews each application to determine if the entrepreneur and project meet the Fund's policy objectives and requirements.

Canadian citizenship, permanent resident status, or hold a Quebec selection certificate (CSQ)
Legally incorporated and registered in the Registraire des entreprises du Québec (REQ)
Have a Montréal-based address and head office in Quebec
Submit a business plan or executive summary
Provide financial forecasts for at least two full financial years
Present compilation of financial statements for the last two completed financial years
Minimum down payment of 20% for pre-startup businesses and 15% for startups or growing businesses

grant_single_labels|register

Here are the steps to apply for the Innovation, Productivity, and Sustainable Development Fund:

Step 1: Determine Eligibility
- Ensure that your business meets all the eligibility criteria provided by the fund.
- Verify that your project activities align with the fund's goals of innovation, productivity, and sustainable development.
Step 2: Gather Required Documentation
- Compile a comprehensive business plan or executive summary.
- Prepare financial forecasts for at least two full financial years.
- Gather financial statements for the last two completed financial years (or the first year for new businesses).
- Prepare evidence of a minimum down payment as required.
Step 3: Identify Local Service Centre
- Enter your business postal code or select your area on the PME MTL website map to find the local service centre.
- Connect with experts in your area for guidance.
Step 4: Complete Application Form
- Fill out all sections of the application form accurately.
- Attach all required documentation to support your application.
Step 5: Submit Application
- Submit the completed application and all required documents to the designated local service centre.
- Ensure submission adherence to any deadlines specified by PME MTL.
Step 6: Confirmation and Follow-up
- Receive confirmation of submission from the service centre or PME MTL.
- Keep track of the application status and any communication from PME MTL.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

The fund provides a maximum subsidy of up to $50,000, which cannot exceed 80% of the total project cost, emphasizing the need for businesses to have additional funding sources.
The availability of funds is limited, which suggests that early application may increase the chances of receiving a subsidy.
The decision-making process includes an assessment by the Comité d’investissement commun (CIC), indicating the importance of meeting their policy requirements and objectives.
The support services are tailored according to the business location within the Montréal region, requiring businesses to identify their service area.

Apply to this program

Unlock Funding for Innovative and Sustainable Projects in Montréal

This grant offers significant financial aid to businesses in the Montréal region that are undertaking innovative projects focused on enhancing productivity and implementing sustainable development practices. With a subsidy reaching up to $50,000, it is a crucial opportunity for enterprises aiming to create impactful economic and environmental advancements.

Detailed Insights into the Innovation, Productivity, and Sustainable Development Fund

The Innovation, Productivity, and Sustainable Development Fund, administered by PME MTL, stands as a pivotal initiative to propel enterprises in Montréal towards innovative success and sustainable growth. This fund strategically targets projects that not only introduce new products or technologies but also significantly improve an organization’s operational capacities through enhanced productivity measures such as automation or robotization. Beyond innovation, a pronounced focus is placed on sustainable practices and the adoption of clean technologies, advocating for initiatives that integrate circular economy models into their processes. By doing so, the fund not only aims to catalyze immediate impact within businesses but also seeks to nurture long-term economic and environmental sustainability in the Montréal area.

Eligible projects can receive a subsidy of up to $50,000, which covers a substantial portion—up to 80%—of project costs. This financial assistance is instrumental for enterprises looking to test innovations within real-world settings, validate their market targets, and facilitate effective market entry strategies. Additionally, it aids in generating initial sales, thereby establishing robust revenue streams for new and innovative products.

The fund covers a broad range of eligible expenses directly tied to the business projects, ensuring that resources are judiciously allocated towards activities that drive tangible results. This encompasses costs related to technological equipment installations that boost productivity, expenses connected to marketing efforts for innovation launches, and the integration of sustainable technologies. By directing funds towards these critical areas, the program promotes both immediate and sustainable development impact.

Applying for this grant requires businesses to align with specific eligibility conditions, ensuring the support targets those enterprises most likely to deliver on the fund's objectives. The rigorous selection process is overseen by the Comité d’investissement commun (CIC), which meticulously reviews each application to evaluate the entrepreneur's capability and the project's alignment with the program's goals. Hence, business applicants must present well-structured business plans, comprehensive financial forecasts, and historical financial performance data, which collectively demonstrate their project’s feasibility and potential for success.

This strategic funding program is not only about immediate financial aid but also establishes a foundation for ongoing collaboration and support. Post-funding, companies have the opportunity to engage with a network of experts through PME MTL’s service centers, which offers additional layers of mentorship and technical guidance tailored to the specific needs of each project. This auxiliary support is pivotal in refining business models, enhancing project execution capabilities, and ultimately ensuring the longevity and scalability of innovations introduced.

The stringent focus on sustainability within the grant criteria is reflective of wider regional and global economic trends that underscore the importance of ecological responsibility. By encouraging practices that reduce environmental footprint and embrace renewable solutions, the fund aspires to foster an ecosystem where innovation propels not only economic prosperity but a healthier, more sustainable society.

In conclusion, the Innovation, Productivity, and Sustainable Development Fund embodies a comprehensive approach to business development, emphasizing both immediate economic gain and long-term ecological resilience. For Montréal-based enterprises keen on innovating within these forward-thinking paradigms, this grant represents not just a source of financial backing, but a pathway to meaningful societal impact and sustainable growth into the future.