PME MTL — New Community Businesses
Money for community-based businesses in Montreal
Record updated
- Funding available
- $ 23,000
- Deadline
- Open continuously
- Location
- Montreal, Quebec, Canada
Overview
Your new community-based venture may be eligible to receive $23,000 in loans and subsidies.
At a glance
Funding available
- Maximum funding
- $23,000
- Minimum funding
- $23,000
- Develop an online presence
- Access new markets
- Launch or market a product/service
Eligible candidates
- Location
- Montreal
- Montréal
- Quebec
- Eligible Industries
- All industries
- Annual revenue
- All revenue ranges
- Organisation size
- All organization sizes
- Audience
- Startups
- Legal structures
- Social economy enterprise
Start applying for this program
Take a practical assessment to gain a clear understanding of how well this program aligns with your specific needs and long-term goals.
Availability timeline
Eligibility
Who is eligible?
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
Who is not eligible
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
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
Eligible geographic areas
This grant is targeted at community-based businesses specific to a defined geographical area within a region. Eligible locations are restricted to align with local socio-economic development initiatives.
- Businesses operating on Montréal Island.
Activities funded
This grant supports new community-based businesses in their early development stages on Montréal Island. It aims to provide financial assistance for foundational and operational activities to ensure economic viability.
- Support for creating and refining a comprehensive business plan demonstrating economic viability.
- Initial funding to cover early business expenses and development activities.
- Financing support for membership with the Caisse d’économie solidaire.
How to apply
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.
Selection 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
Official sources
Official page
Fonds Jeunes entreprises collectives