PME MTL – Social Initiatives
Montréal, QC, Canada
Subsidy to support social economy projects in Montreal
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|openingDateNovember 14, 2019
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- PME MTL
grant_single|status
grant_card_status|open
grant_single_labels|preview
Obtain up to $50,000 in grants and resources to support projects aimed at exploring new sectors, new ways of doing things or developing new expertise.
grant_single_labels|projects
This grant is intended specifically for entities based in Montréal, ensuring that the initiatives proposed foster economic growth and innovation within the local area. Projects must be developed by organizations headquartered in this location.
- Enterprises and organizations located in Montréal.
grant_single|admissibleProjectsExample
$50,000
Developing a new IT platform to streamline social services for low-income families
$50,000
Developing a mental health support application for youth in underserved communities
$50,000
Acquisition of green energy technology to improve environmental sustainability of our facilities
$50,000
Creating a mobile health van to provide medical services to rural communities
$50,000
Launching a cooperative urban farming initiative to address food insecurity
$50,000
Implementing a new digital marketing strategy to increase online donations and engagement
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's profile and project scope.
- The applicant must be a social economy enterprise or a non-profit organization (NPO) with a social economy project.
- The organization must be headquartered in Montréal.
- The organization should demonstrate a formal entrepreneurial approach.
- Self-generated revenue from the sale of goods or services must represent 20% of the organization's annual revenue.
- The applicant must show the ability to create or maintain jobs.
- The organization must invest at least 20% of the total project cost.
grant_eligibility_criteria|who_can_apply
To be eligible for a subsidy from the Fonds de développement de l'économie sociale, applicants must be a social economy enterprise or a non-profit organization (NPO) with a social economy project, headquartered in Montréal. They must take a formal entrepreneurial approach, generate at least 20% of their annual revenue from the sale of goods or services, demonstrate the ability to create or maintain jobs, and invest at least 20% of the total project cost.
grant_eligibility_criteria|eligible_expenses
The fund is designed to support social economy projects that are both innovative and entrepreneurial, exploring new areas and fostering growth within the sector. Eligible activities include those that contribute to the development of the organization through technological enhancements, capacity building, and strategic investments.
- Acquisition of technology, software, and patents to enhance operational efficiency.
- Securing working capital to support day-to-day operations and project execution.
- Covering professional fees for legal, financial, or consultancy services necessary for project development.
- Investment in capital expenses like land, buildings, and equipment essential for scaling operations.
grant_eligibility_criteria|zone
The grant covers specific expenses necessary for the development and operation of social economy projects.
- Acquisition of technology, software, and patents.
- Working capital fund.
- Professional fees.
- Capital expenses including land, building, equipment, and incorporation expenses.
grant_single_labels|criteria
The FDÉS evaluates applications based on specific criteria to determine eligibility and project viability:
- Social economy enterprise or NPO status
- Headquartered in Montréal
- Entrepreneurial approach
- 20% self-generated revenue requirement
- Job creation or maintenance capacity
- Minimum 20% project cost investment
- Evaluation by the joint investment committee (CIC)
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Identify Eligibility and Register Interest
- Verify that your organization meets the eligibility criteria for the FDÉS.
- Enter your business postal code or select your area to locate local experts.
- Step 2: Gather Required Documents
- Collect financial documents showing your self-generated revenue.
- Prepare documents demonstrating your investment of at least 20% of the project cost.
- Compile evidence showing the potential for job creation or maintenance.
- Step 3: Develop Project Proposal
- Draft a detailed proposal explaining the project’s objectives, innovative aspects, and expected outcomes.
- Include a budget with an outline of eligible expenses.
- Detail the entrepreneurial approach and strategic alignment with the fund's objectives.
- Step 4: Complete the Application Form
- Access the application form on the designated platform or website provided by FDÉS.
- Fill out the form with accurate information regarding your organization and project details.
- Step 5: Submit Application
- Upload all required documents and the completed application form to the submission portal.
- Review all entered information for completeness and accuracy.
- Submit the application before the specified deadline.
- Step 6: Receive Confirmation
- Receive an email confirmation with your application details and reference number.
- Keep the confirmation and reference number for future correspondence.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The evaluation process involves the joint investment committee (CIC) of the relevant hub.
- Recipients are expected to invest at least 20% of the total project cost from their own funds.
Apply to this program
Empowering Social Economy Projects in Montréal
The Fonds de développement de l’économie sociale (FDÉS) provides crucial financial aid to social economy enterprises and non-profit organizations committed to innovative and sustainable development initiatives. This fund facilitates growth and expansion by offering subsidies that cater to a range of eligible expenses integral to the execution of these projects.
Details on the Social Economy Development Fund and Its Benefits
The Fonds de développement de l’économie sociale is a vital financial resource designed to propel the growth of social economy projects within Montréal. Aimed at enterprises and non-profit organizations, this fund allocates subsidies ranging from $5,000 to $50,000, empowering entities to advance in their sectors. The core objective of the FDÉS is to nurture the birth and adaptation of innovative projects that not only meet current economic challenges but also pioneer new approaches in unexplored sectors or develop new expertise. This aligns with Montréal’s larger strategic plan of fostering a robust social economy ecosystem that supports both job creation and sustainable economic development.
Eligible applicants must embody a formal entrepreneurial spirit and demonstrate viable self-generated revenue streams, which constitutes a minimum of 20% of their annual income derived from the sale of goods or services. These requisites ensure that supported projects hold the potential for sustainability and growth while enhancing Montréal's socio-economic landscape. The grant primarily supports projects across various stages—from initial planning to developmental phases—affording organizations the flexibility to utilize the funds for essential costs such as acquiring technology, building new infrastructure, or covering professional fees. Additionally, a requirement that applicants invest at least 20% of the total project cost instills a commitment to project success and financial responsibility.
The FDÉS is particularly beneficial for projects cultivating innovations that can adapt or redefine business models to meet shifting market demands or societal needs. Recipients of the subsidy are evaluated rigorously by the CIC, ensuring that only projects with strong viability and alignment with fund objectives receive support. This diligent approach guarantees that public resources are allocated effectively, fostering projects that bring about substantial community and economic benefits.
Ultimately, the FDÉS opens doors for social economy enterprises and non-profit organizations to make significant impacts within their communities while also contributing to a diversified and resilient economic framework in Montréal. The fund is not just about immediate financial support; it’s a commitment to nurturing a sustainable economic environment that encourages continuous innovation and impactful social development.
