grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|openingDateNovember 14, 2019
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • PME MTL
grant_single|status
grant_card_status|open

grant_single_labels|preview

Get a low interest rate loan of up to $300,000 to start or grow your business.

grant_single_labels|projects

Yes, there are several eligible projects and activities for this grant.
  • Working capital fund
  • Capital assets
  • Marketing expenses
  • Equipment purchases or renewal
  • Acquisition of a company (succession and transfer)
  • Fees for patents or protection of intellectual property
  • Prototyping (only for companies already in operation)
grant_single|admissibleProjectsExample

$240,000

Montréal
Opening a new bakery with specialized gluten-free offerings

$300,000

Calgary
Acquisition of a local organic farm business to promote sustainable agriculture

$300,000

Ottawa
Development of a cutting-edge AI software for financial forecasting

$300,000

Vancouver
Expanding a renewable energy startup's office and manufacturing

$300,000

Toronto
Launching a new mobile app for mental health support for NPO

grant_single_labels|admissibility

To be eligible for this grant, a company or its promoters must meet certain conditions. These include citizenship requirements, being legally constituted, and having a business plan outlining various aspects of the company.
  • Be a Canadian citizen or permanent resident
  • Be legally constituted and entered in the Registre d’entreprises du Québec (REQ)
  • Have your business in Montréal and your head office in Québec
  • Submit a business plan or project summary, including updated or projected financial statements, a section on the company's strategic approach to sustainable development, and any other documents deemed relevant
  • Show that you have entrepreneurial experience, knowledge and management skills
  • Invest at least 20% of the total cost of your project

grant_eligibility_criteria|who_can_apply

Yes, there are eligible types of companies for this grant, including social economy enterprises, for-profit companies, and co-operatives based in Montréal.
These companies need to meet specific conditions to qualify for the PME MTL and Fonds local de solidarité Montréal (FLS Montréal) financing.
  • Social economy enterprises
  • For-profit companies
  • Co-operatives

grant_eligibility_criteria|eligible_expenses

Yes, there are eligible expenses for this grant. Here is the list of covered expenses:
  • Working capital fund
  • Capital assets
  • Marketing expenses
  • Equipment purchases or renewal
  • Acquisition of a company (succession and transfer)
  • Fees for patents or protection of intellectual property
  • Prototyping (only for companies already in operation)

grant_eligibility_criteria|zone

The grant is available to companies operating within the city of Montréal. Additionally, these companies must have their head office located in Québec.
  • Montréal
  • Québec (head office requirement)

grant_single_labels|criteria

The evaluation and selection criteria for this grant focus on the entrepreneurs' qualifications and the viability of their proposals in alignment with the fund's objectives and requirements. Each application is reviewed by the joint investment committee (CIC) of the relevant hub.
  • Canadian citizenship or permanent residency
  • Legal constitution and registry in the Registre d’entreprises du Québec (REQ)
  • Business and head office located in Montréal and Québec respectively
  • Submission of a comprehensive business plan or project summary
  • Evidence of entrepreneurial experience, knowledge, and management skills
  • Investment of at least 20% of the total project cost
  • Eligible expenses include working capital fund, capital assets, marketing expenses, equipment purchase/renewal, company acquisition, fees for patents/intellectual property protection, and prototyping (for existing companies)

grant_single_labels|register

  • Step 1: Confirm eligibility
  • Be a Canadian citizen or permanent resident
  • Be legally constituted and entered in the Registre d’entreprises du Québec (REQ)
  • Have your business in Montréal and your head office in Québec
  • Step 2: Prepare documentation
  • Submit a business plan or project summary
  • Include updated or projected financial statements
  • Provide a section on the company's strategic approach to sustainable development
  • Attach any other relevant documents
  • Step 3: Demonstrate experience
  • Show entrepreneurial experience
  • Present knowledge and management skills
  • Step 4: Invest in your project
  • Contribute at least 20% of the total cost of your project
  • Step 5: Submit your application
  • Every application is studied by the joint investment committee (CIC) of the hub concerned
  • The committee determines the entrepreneur’s qualifications and the viability of the proposal

grant_single_labels|otherInfo

The grant includes financial assistance specifically designed for various business needs and applicant support from PME MTL experts.
  • Fonds PME MTL: maximum of $300,000
  • Fonds locaux de solidarité Montréal (FLS Montréal): maximum of $100,000
  • Fonds d'Investissement innovation: maximum of $150,000
  • Variable term
  • Interest rates vary according to risk
  • Entrepreneurs receive support, advice, and technical assistance from PME MTL experts
  • Applications are reviewed by the joint investment committee (CIC) of the concerned hub

grant_single_labels|documents

PME MTL – Solidarity Fund

Apply to this program