How much funding can be received?

The PME MTL fund provides a subsidy of up to $50,000 to support innovative projects in the Montréal region. It aims to foster innovation, productivity, and sustainable development by financing activities such as market validation, marketing launches, and adopting clean technologies.

Financing terms and conditions

This fund provides financial support designed to enhance innovation, productivity, and sustainability efforts within the Montréal region. The funding modalities emphasize equitable cost-sharing and the prioritization of project-specific financial needs.

Subsidy of up to $50,000, not to exceed 80% of the total cost of a business project.
Applicants must provide a minimum down payment of 20% for a subsidy request.
Funding supports a variety of activities including market validation, marketing launches, and the first sales generation of innovations.
Financial support is also available for improving productivity through technological enhancements such as automation.
Funding may cover the adoption of clean technologies and the establishment of sustainable development practices, including circular economy models.

Eligible projects & activities

This fund supports innovative initiatives in the Montréal region that enhance productivity and promote sustainable development. The eligible projects focus on practical implementation, market validation, and the adoption of advanced technologies.

Testing and trying out an innovation in a real-world context.
Validating the markets targeted during the development of the innovation.
Marketing launch of innovative products or services.
Generating the first sales of an innovation.
Improving productivity through the installation of technological equipment, robotization, or automation.
Adopting clean technologies to reduce environmental impact.
Implementing sustainable development practices, especially those aimed at circular economy business models.

Examples of admissible projects:

$ 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

Eligibility criteria of the PME MTL — Innovation, productivity, and sustainable development fund program

To be eligible for this subsidy, businesses must meet specific criteria related to legal status, location, and financial readiness.

The business or its management 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 (or the first financial year for companies less than two years old) must be provided.
A minimum down payment of 20% of the total cost is required for a pre-startup business, and at least 15% for a startup or growing business for a loan, and 20% when applying for a subsidy.

Who is eligible?

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.

Who is not eligible

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

Eligible expenses

The grant covers expenses that are directly related to advancing innovation, productivity, and sustainable development projects.

Testing and trying out innovations in real-world contexts.
Activities associated with validating targeted markets during innovation development.
Expenses related to the marketing launch of innovations.
Costs of generating the first sales of innovations.
Investments in improving productivity, especially through technological equipment and improvements in robotization or automation.
Costs for adopting clean technologies.
Expenses associated with implementing sustainable development practices, such as circular economy business models.

Eligible geographic areas

This grant is specifically aimed at companies located in the Montréal region. It targets businesses that have a significant presence and corporate establishment within this area.

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

Eligibility criteria of the PME MTL — Innovation, productivity, and sustainable development fund program

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

How to apply to the PME MTL — Innovation, productivity, and sustainable development fund program

Eligibility verification

Check that the company meets all the eligibility requirements listed.
Confirm the availability of funds for the company's territory.

Preparation of the documentation

Compile the business plan or project summary.
Prepare the financial forecasts for two years.
Assemble the financial statements for the last two fiscal years (or for the first fiscal year for companies less than two years old).
Document the strategic approach to sustainable development.

Consultation of the service area

Use the map or enter the company's postal code to identify the appropriate service center.

Contact of the service center

Contact the experts of the identified service hub to obtain advice or clarification on the submission.

Submission of the request

Submit all required documents and the completed application to the relevant service center.