PME MTL – Social Initiatives
At a glance
- From 5,000$ to 50,000$
- Open Date : November 14, 2019
- All industries
- PME MTL
Overview
Eligibility criteria
The eligibility criteria for the Fonds de développement de l'économie sociale (FDÉS) grant are as follows:
- Be a social economy enterprise or a non-profit organization (NPO) with a social economy project
- Be headquartered in Montréal
- Take a formal entrepreneurial approach
- Have self-generated revenue from the sale of goods or services representing 20% of your annual revenue
- Show your ability to create or maintain jobs
- Invest at least 20% of the total project cost
Who is eligible
Eligible companies for this grant are social economy enterprises or non-profit organizations (NPOs) with a social economy project.
- Be a social economy enterprise or a non-profit organization (NPO) with a social economy project
Eligible expenses
The eligible expenses for this grant include:
- Acquisition of technology, software, patents, etc.
- Working capital fund
- Professional fees
- Capital expenses (land, building, equipment, incorporation expenses, etc.)
Eligible projects & activities
The Fonds de développement de l’économie sociale (FDÉS) supports social economy projects that explore new sectors, develop new expertise, and have a formal entrepreneurial approach. Eligible activities include acquisition of technology, working capital fund, professional fees, and capital expenses.
- Acquisition of technology, software, patents, etc.
- Working capital fund
- Professional fees
- Capital expenses (land, building, equipment, incorporation expenses, etc.)
Eligible geographic areas
There are specific geographic areas mentioned for this grant. The eligible area is Montréal.
- Headquartered in Montréal
Evaluation & selection 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)
How to apply
- Step 1: Verify eligibility
- Must be a social economy enterprise or NPO with a social economy project
- Headquartered in Montréal
- Formal entrepreneurial approach is required
- Self-generated revenue from sales should be 20% of annual revenue
- Demonstrate ability to create or maintain jobs
- Invest at least 20% of the total project cost
- Step 2: Prepare required documentation
- Business plan outlining the project
- Financial statements and revenue details
- Evidence of job creation strategy
- Details of the investment in the project
- Step 3: Submit application
- Complete the application form
- Include all supporting documents
- Step 4: Review and decision
- Application is reviewed by the joint investment committee
- Decision on subsidy amount and approval
Additional information
Additional Information:
- Successful applicants must comply with reporting requirements to demonstrate the impact of the subsidy.
- Applicants need to provide a detailed project plan outlining the objectives, activities, expected outcomes, and timeline.