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.

grant_single_labels|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.

grant_single_labels|projects

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.

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 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.

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

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.

grant_eligibility_criteria|zone

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.

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 submit an application for this grant:

Step 1: Verify Eligibility
Ensure your business meets all eligibility conditions such as citizenship, incorporation, and location requirements.
Confirm that your projects align with the fund’s objectives involving innovation, productivity, or sustainable development.
Step 2: Preparation of Documentation
Prepare a detailed business plan or executive summary showcasing your innovative project.
Compile financial forecasts covering at least two full financial years.
Gather financial statements for the last two completed financial years, or for the first completed financial year if the company is less than two years old.
Ensure financial statements are compiled and adhere to required formats.
Step 3: Calculate Down Payment
Determine the appropriate down payment required for your application type: 20% for a pre-startup business or 15% for a start-up or growing business.
Make necessary financial arrangements to secure this down payment.
Step 4: Locate Regional Experts
Access the map or input your business postal code to find local experts in your area through the PME MTL website.
Consult with these experts who assist with the application process specific to your borough or city.
Step 5: Submit Application
Follow the guidance from your local experts to prepare your application package properly.
Include all necessary documentation and ensure accuracy in your application form.
Submit your application as directed by the local experts or PME MTL guidelines.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

The grant is conditional upon fund availability, and it is not automatically guaranteed even if eligibility criteria are met.

Apply to this program

Empowering Montreal Businesses with the Innovation Fund

This grant offers significant financial backing for Montreal-based businesses aiming to push the boundaries of innovation and sustainability. By covering up to 80% of project costs, eligible businesses can receive as much as $50,000 to accelerate their development projects.

Unveiling the Key Features and Advantages of the Fund

This ambitious program by PME MTL is tailored to bolster the innovative landscape of Montreal by providing businesses with essential financial resources. The focus of the fund is on sustainable development and productivity improvements, supporting activities from concept testing in real-world scenarios to market launches, and the initial sales phase of innovations. This initiative particularly underscores the importance of integrating clean technologies and adopting sustainable business practices such as circular economy models.

The fund's strategic goal is to elevate the economic standing of Montreal by nurturing its entrepreneurial ecosystem. By financing up to 80% of eligible expenses related to innovation and sustainability, businesses across the city can substantially reduce the financial risks associated with groundbreaking projects. The assistance is directed towards enhancing productivity, which can include acquiring advanced technological equipment, or improving processes through automation and robotization, thus ensuring the competitive edge of Montreal businesses in the global market.

In addition to the financial aid, recipients have the opportunity to benefit from expert support services tailored to their specific boroughs, ensuring they have the guidance needed to maximize the impact of the grant. The monetary aid, combined with tailored advice, creates a robust support system for entrepreneurs, fostering a fertile environment for business growth and sustainability.

The fund aims to cultivate an innovation-friendly atmosphere where businesses are empowered to implement transformative projects that align with current economic and environmental priorities. By supporting businesses in their efforts to test, validate, and commercialize new innovations, the fund not only drives the economic engine of Montreal but also enhances the city’s reputation as a hub of cutting-edge development and sustainable practice.

This strategic funding approach also aims to align with the broader goals of enhancing productivity and efficiency within businesses, while supporting environmental commitments and social responsibility mandates. As a leading city for innovation, Montreal stands to benefit immensely from such initiatives, which pave the way for future growth and highlight the city's commitment to sustainable development and economic resilience.

Finally, applicants must ensure they meet specific eligibility criteria, including Canadian citizenship or residency status, incorporation in Quebec, and maintaining a Montreal-based head office. The application process is competitive, with each submission reviewed thoroughly by local experts to ensure alignment with the fund's objectives and policy requirements. This rigorous evaluation process ensures that the grants awarded are truly impactful, driving innovation and sustainability throughout the Montreal region.

Overall, the fund represents a golden opportunity for businesses to secure the necessary resources for innovation and sustainable growth. It is a testament to Montréal's dedication to fostering dynamic and economically viable business environments, ensuring that companies not only thrive today but are well-prepared to meet tomorrow's challenges.