PME MTL — New Community Businesses
Montréal, QC, Canada
Money for community-based businesses in Montreal
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- PME MTL
grant_single|status
grant_card_status|open
grant_single_labels|preview
Your new community-based venture may be eligible to receive $23,000 in loans and subsidies.
grant_single_labels|projects
Eligible community-based businesses can benefit from this grant. The grant offers financing of at least $23,000 for new community-based businesses on Montréal Island. Eligible projects include:
- New community-based businesses (less than 5 years old)
- Businesses operated on Montréal Island
- Membership with the Caisse d’économie solidaire
- Submission of an economically viable business plan
grant_single|admissibleProjectsExample
$23,000
Establishing a community-based recycling center to promote environmental sustainability
$23,000
Developing a community makerspace to boost local craftsmanship and innovation
$23,000
Launching a health-focused community café with sustainable practices
$23,000
Opening of a local artisan bakery with a focus on organic ingredients
grant_single_labels|admissibility
To be eligible for the Fonds Jeunes entreprises collectives financing, community-based businesses must meet specific criteria as outlined below.
- Be a new community-based business (less than 5 years old).
- Operate the business on Montréal Island.
- Be a member of the Caisse d’économie solidaire or be prepared to join.
- Submit a business plan showing that the enterprise is economically viable.
grant_eligibility_criteria|who_can_apply
Eligible community-based businesses for this grant must be new (less than 5 years old), operate on Montréal Island, be a member of the Caisse d’économie solidaire or willing to join, and demonstrate economic viability in their business plan.
- New community-based businesses (less than 5 years old)
- Operating on Montréal Island
- Membership in the Caisse d’économie solidaire or willingness to join
- Presentation of an economically viable business plan
grant_eligibility_criteria|who_cannot_apply
Some companies may not be eligible for this grant. Eligibility criteria include:
- Companies older than 5 years
- Companies operating outside Montréal Island
- Companies not willing to become a member of the Caisse d’économie solidaire
- Companies lacking an economically viable business plan
grant_eligibility_criteria|eligible_expenses
The Fonds Jeunes entreprises collectives grant offers financing for eligible community-based businesses. Eligible expenses for this grant include:
- Startup costs
- Operational expenses
- Marketing and promotion
grant_eligibility_criteria|zone
This grant is specifically available to businesses located on Montréal Island, aligning with regional economic development strategies.
- Businesses operating on Montréal Island.
grant_single_labels|criteria
Every application for the Fonds Jeunes entreprises collectives grant is reviewed by the joint investment committee (CIC) to assess the entrepreneur's qualifications and the viability of the business plan within the fund's objectives and requirements.
- New community-based business (less than 5 years old)
- Operate the business on Montréal Island
- Be a member of the Caisse d’économie solidaire or be prepared to join
- Submit a business plan demonstrating economic viability
grant_single_labels|register
Here are the steps to submit an application for the Fonds Jeunes entreprises collectives:
- Step 1: Become a Member of Caisse d’économie solidaire Desjardins
- Ensure your business is or is prepared to become a member of the Caisse d’économie solidaire Desjardins.
- Step 2: Prepare Your Business Plan
- Compile a comprehensive business plan demonstrating the economic viability of your business.
- Include financial projections, market analysis, and operational strategies.
- Step 3: Complete Grant Application Forms
- Access the application forms through PME MTL or the Caisse d’économie solidaire Desjardins.
- Fill out all required fields with accurate and detailed information.
- Step 4: Submit Your Application
- Submit your completed application along with the business plan to the appropriate hub.
- Ensure all documents are aligned with the fund's objectives and submission requirements.
- Step 5: Await Review and Decision
- Wait for the joint investment committee (CIC) to review your application.
- Be prepared to provide additional information if requested.
Apply to this program
Empowering Community-Based Businesses on Montréal Island
This grant program offers substantial financial support to new community-based businesses operating on Montréal Island. With the backing of partners like the Caisse d’économie solidaire Desjardins, it aims to enhance economic viability and sustainability in the community.
In-Depth Insight into the Fonds Jeunes Entreprises Collectives
The Fonds Jeunes Entreprises Collectives is a pivotal financial initiative designed to empower young community-based businesses by providing a robust financial framework tailored to ensure long-term sustainability and growth. This program, distinguished by its collaborative nature, is spearheaded by the Caisse d’économie solidaire Desjardins in alliance with PME MTL, along with other partners within the social economy network. The fundamental aim is to bolster businesses that are less than five years old, ensuring they have the necessary financial backing to thrive on Montréal Island.
Distinctively structured, this program offers a combination of subsidies, grants, and loans, with a minimum total financial assistance of $23,000. It begins with a $3,000 subsidy directly from the Caisse d’économie solidaire Desjardins, intricately placing the foundational cornerstone for recipient businesses to further scale their operations. Additionally, PME MTL fortifies this financial support with a $10,000 grant sourced through the Fonds de développement de l’économie sociale, targeting businesses that exhibit strong potential in fulfilling economic and social objectives within their communities.
Moreover, this program integrates a $10,000 loan facilitated by key partners within the social economy network. This loan, which requires strategic financial planning from the recipients, necessitates the fulfillment of certain pre-established criteria, thereby ensuring that each business availing of these funds can adequately manage, expand, and sustain their operations effectively. The collaboration across these diverse stakeholders not only provides financial aid but also fosters a sense of community and collective growth among local enterprises.
The grant application process is meticulously reviewed by the joint investment committee (CIC) pertinent to the specific hub. This committee plays a crucial role in evaluating the entrepreneur's qualifications and the strategic viability of their business plan as it aligns with the fund’s objectives. Comprehensive evaluation criteria ensure that each business plan is assessed on its economic viability and potential for social impact, thereby favoring projects that exhibit innovation and practical implementation strategies tailored to modern business challenges.
Eligible businesses must not only present a compelling business plan but also embody the spirit of solidarity by either being or expressing readiness to become a member of the Caisse d’économie solidaire. This membership is emblematic of the broader mission of the program: to cultivate a network of businesses aligned with socially responsible and economically sustainable practices.
The overarching philosophy of the Fonds Jeunes Entreprises Collectives seeks to stimulate economic growth by strategically leveraging available financial resources and fostering a burgeoning ecosystem of interconnected businesses. By doing so, it aims to address immediate business financing needs while simultaneously laying the groundwork for enduring economic and community development within the Montréal Island region.
In summation, the program not only serves as an economic booster for emerging businesses but also as a catalyst for community engagement and collaborative economic strategies. Through well-crafted financial assistance packages and a strong alignment with community-oriented values, the Fonds Jeunes Entreprises Collectives epitomizes a novel approach to socio-economic development, offering a vital lifeline to businesses aspiring to make a meaningful impact at the localized communal level.
