How much funding can be received?

Funds up to 23000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the PME MTL — New Community Businesses?

PME MTL — New Community Businesses is funded by PME MTL

What are PME MTL — New Community Businesses's eligibility criterias?

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.

PME MTL — New Community Businesses

grant_single|update January 24, 2025

Montréal, QC

Money for community-based businesses in Montreal

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grant_single|timelineUnspecified

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Grant and Funding

Loans and Capital investments

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PME MTL

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grant_card_status|open

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Your new community-based venture may be eligible to receive $23,000 in loans and subsidies.

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This grant provides a structured financial assistance package aimed at supporting new community-based businesses on Montréal Island. The financing is designed to ensure these enterprises have access to necessary subsidies, grants, and loans.

A $3,000 subsidy from the Caisse d’économie solidaire Desjardins.
A $10,000 grant from PME MTL through the Fonds de développement de l’économie sociale.
A $10,000 loan from PME MTL, the Caisse d’économie solidaire Desjardins, or another partner in the social economy network.

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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.

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 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.

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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|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.