How much funding can be received?

Funds up to 80% of admissible expenses, capped at $50000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the PME MTL — Subsidies to support social economy initiatives?

PME MTL — Subsidies to support social economy initiatives is funded by PME MTL

What are PME MTL — Subsidies to support social economy 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 — Subsidies to support social economy initiatives

Last Update: January 24, 2025

Montréal, QC

Money for social economy projects in Montreal, Quebec

PME MTL — Subsidies to support social economy initiatives at a glance

Eligible Funding

From $5,000 to $50,000
Up to 80% of project cost

Timeline

Open Date : June 17, 2020

Financing Type

Grant and Funding

Eligible Industries

All industries

Grant Providers

PME MTL

Status

Open

Overview of the PME MTL — Subsidies to support social economy initiatives program

Get a non repayable contribution of up to $50,000 to cover up to 80% of the costs of undertaking an innovative social economy project from planning stage to growth.

Eligible projects & activities

This grant is available exclusively to companies that are headquartered in Montréal. Eligibility is restricted to ensure the development and growth of local social economy enterprises.

Companies headquartered in Montréal.

Examples of admissible projects:

$ 40,000

Launch a community co-working space

$ 40,000

Create a job training program for disadvantaged youth

$ 40,000

Establish a recycling initiative for e-waste

$ 40,000

Develop a skill-building workshop series for single mothers

$ 40,000

Develop a mobile app to connect community gardeners

$ 40,000

Establish a local food co-op marketplace

Eligibility criteria of the PME MTL — Subsidies to support social economy initiatives program

Eligibility for funding from the Fonds de développement de l’économie sociale requires meeting specific organizational and project-based criteria.

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 applicant must take a formal entrepreneurial approach.
The organization must have self-generated revenue from the sale of goods or services representing 20% of its annual revenue.
The applicant must demonstrate 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 with a social economy project, headquartered in Montréal. They need to take a formal entrepreneurial approach, have self-generated revenue from the sale of goods or services representing 20% of their annual revenue, demonstrate their ability to create or maintain jobs, and invest at least 20% of the total project cost.

Who is not eligible

Some types of companies are not eligible for this grant. To be eligible for the subsidy from the Fonds de développement de l'économie sociale, companies must meet the following criteria:

Social economy enterprises or non-profit organizations (NPOs) with a social economy project
Headquartered in Montréal
Take a formal entrepreneurial approach
Have self-generated revenue representing 20% of annual revenue
Show ability to create or maintain jobs
Invest at least 20% of the total project cost

Eligible expenses

This grant supports social economy initiatives focused on fostering innovative approaches, developing new expertise, and ensuring job creation or maintenance in Montreal. The projects aim to enhance technological capacity and support the strategic growth of the enterprise or organization.

Acquisition of technology, software, patents, etc.
Funding for working capital to support ongoing operations.
Professional services to aid in the development and implementation of projects.
Capital expenses related to land, building, equipment, and incorporation costs.

Eligible geographic areas

The grant covers specific expenses aimed at supporting the development and growth of social economy projects.

Acquisition of technology, software, patents, etc.
Working capital fund
Professional fees
Capital expenses (land, building, equipment, incorporation expenses, etc.)

Eligibility criteria of the PME MTL — Subsidies to support social economy initiatives program

The applications for subsidies from the Fonds de développement de l'économie sociale are evaluated based on specific criteria to ensure alignment with the fund's objectives and requirements:

Be a social economy enterprise or non-profit organization with a social economy project
Headquartered in Montréal
Take a formal entrepreneurial approach
Demonstrate self-generated revenue representing 20% of annual revenue
Show ability to create or maintain jobs
Invest at least 20% of the total project cost

How to apply to the PME MTL — Subsidies to support social economy initiatives program

Eligibility check

Verify that your company is an NPO or a cooperative in the social economy.
Confirm that the head office is located in Montreal.
Ensure that you have self-financed revenues amounting to 20% of annual revenues.
Be prepared to prove the creation or maintenance of jobs.
Organize a contribution of at least 20% of the total project cost.

Identification of eligible expenses

Identify the expenses you wish to finance such as the acquisition of technologies or professional fees.

Preparation of the request

Gather the necessary information to describe your social economy project.
Prepare the financial and descriptive documents to submit a complete application.

Find your service hub

Enter the postal code of your business to identify the appropriate service center.

Submission of the request

Submit your application to the joint investment committee (CIC) of the relevant department.

Request Tracking

Wait for the confirmation of receipt and the decision of the CIC.

Additional information

Here are additional relevant details for this grant:

The funds are specifically focused on supporting innovative projects that chart new territories or create new expertise within the social economy sector.
A joint investment committee (CIC) is responsible for reviewing applications, emphasizing the project's alignment with the fund's objectives.
The evaluation process includes an assessment of the entrepreneur’s qualifications and the proposal's sustainability.
Enterprises should aim to ensure the long-term viability of their projects to align with the fund's goals.