How much funding can be received?

Funds up to 50000% 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 — Social Initiatives?

PME MTL — Social Initiatives is funded by PME MTL

What are PME MTL — Social Initiatives's eligibility criterias?

Be a social economy enterprise or a non-profit organization (NPO) with a social economy project. Be headquartered in Montréal. Have self-generated revenue from the sale of goods or services representing 20% of annual revenue.

PME MTL — Social Initiatives

Last Update: January 24, 2025

Montréal, QC

Subsidy to support social economy projects in Montreal

PME MTL — Social Initiatives at a glance

Eligible Funding

From $5,000 to $50,000

Timeline

Open Date : November 14, 2019

Financing Type

Grant and Funding

Eligible Industries

All industries

Grant Providers

PME MTL

Status

Open

Overview of the PME MTL — Social Initiatives program

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.

Financing terms and conditions

This grant provides financial assistance to support eligible social economy enterprises and non-profit organizations in Montreal through flexible subsidy allocations.

Subsidy amounts range from $5,000 to $50,000 depending on the enterprise or organization's needs.
Funds can be used for acquisition of technology, software, patents, and other eligible capital expenses.
Support includes working capital and coverage of professional fees related to the project.
Funding decisions are made by a joint investment committee that evaluates qualifications and project viability.

Eligible projects & activities

This grant supports social economy initiatives within Montréal that encompass a range of project activities. These activities focus on technological acquisitions, professional services, and capital investments essential for fostering social innovation and development.

Acquisition of technology, software, or patents to enhance project capabilities.
Establishment of a working capital fund to support operational needs.
Engagement of professional services to augment project implementation.
Investment in capital expenses, including land, buildings, and equipment.

Examples of admissible projects:

$ 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

Eligibility criteria of the PME MTL — Social Initiatives program

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.

Who is eligible?

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.

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.

Eligible geographic areas

This grant is specifically available for businesses headquartered within Montréal. This focus ensures the funds support local social economy initiatives and contribute to the regional development of Montréal.

Companies headquartered in Montréal.

Eligibility criteria of the PME MTL — Social Initiatives program

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)

How to apply to the PME MTL — Social Initiatives program

Identify your service center

Enter your business's postal code or select your service area on the map provided by the organization.
Consult the experts in your region for personalized advice.

Preparation of the request

Write a detailed description of the social economy project, including the objectives, innovations, and targeted sectors of activity.
Prepare the project budget, specifying the self-financed sources and the capital investment.
Document the company's capacity to create or maintain jobs.
Gather relevant supporting documents, such as financial statements and the organization's bylaws.

Submission of the request

Contact the assigned service department to obtain the specific application form.
Fill out the form accurately and attach all required supporting documents.
Submit the application to the common investment committee (CIC) for evaluation.

Follow-up of the request

Receive confirmation of receipt of the request from the organization.
Maintain contact with the service center for any additional information requests.

Additional information

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.