PME MTL – PME MTL investment funds

Who is eligible?

Who is not eligible

Some types of companies are not eligible for this grant if they do not meet the specified criteria:

• Non-Canadian citizens or permanent residents
• Companies not legally constituted and entered in the Registre d’entreprises du Québec (REQ)
• Businesses located outside Montréal with the head office not in Québec

Eligible expenses

This grant supports businesses in various stages of development by providing financial assistance for a range of eligible activities. These activities are designed to improve infrastructure, protect intellectual property, and support business acquisitions and marketing efforts.

• Creating a working capital fund to stabilize and support business operations.
• Purchasing or renewing capital assets necessary for business growth.
• Funding marketing expenses to expand the business's reach and customer base.
• Acquiring new equipment to boost efficiency and competitiveness.
• Executing business acquisition, succession, and transfer plans.
• Covering fees for patents or protection of intellectual property.
• Investing in prototyping for companies that are already in operation.

Eligible geographic areas

This grant is designated for companies operating within the city of Montréal, with the requirement for businesses to have their headquarters in Québec. This localization ensures the funds support the economic ecosystem of the Montréal area specifically.

• Businesses located in Montréal.
• Companies with headquarters in Québec.

Applicants for this grant are evaluated based on their entrepreneurial experience, knowledge, management skills, and the viability of their proposed project. The selection criteria include being a Canadian citizen or permanent resident, having a legally constituted business in Montréal, presenting a business plan, showing 20% investment in the project, and meeting other specified conditions.

• Canadian citizenship or permanent residency
• Legal constitution and registration in the Registre d’entreprises du Québec (REQ)
• Business location in Montréal and head office in Québec
• Submission of a detailed business plan or project summary
• Demonstration of entrepreneurial experience and management skills
• Investment of at least 20% of the total project cost

• Step 1: Identify Local Hub
  • Use your business postal code to find the relevant PME MTL hub in Montréal responsible for your area.
• Step 2: Gather Required Documentation
  • Prepare a business plan or project summary.
  • Include updated or projected financial statements.
  • Document your company’s strategic approach to sustainable development.
  • Compile evidence of entrepreneurial experience and management skills.
  • Ensure you have invested at least 20% of the total project cost.
• Step 3: Initial Consultation (if available)
  • Contact PME MTL to discuss your project and get advice on your application (if applicable).
• Step 4: Submit Application
  • Ensure that all documentation is complete and meets the eligibility criteria.
  • Submit your application to the designated hub, either through their online portal or by the means specified by the hub.
• Step 5: Await Evaluation
  • Your application will be reviewed by the joint investment committee (CIC) of the hub.
  • Be prepared to provide additional information if requested by the committee.
• Step 6: Receive Feedback
  • Receive a decision regarding your application.
  • If approved, discuss the terms of the funding and signed agreements with PME MTL.

Here are additional relevant details for this grant:

• Loans serve as financial levers and can be used to secure additional sources of financing.
• Companies that receive funding are eligible for ongoing support, advice, and technical assistance from PME MTL experts.
• Applications are evaluated by a joint investment committee specific to the local hub, which assesses the qualifications and viability of the proposal based on the fund's objectives.
• Interest rates on loans are variable and depend on the assessed risk.