PME MTL — Subsidies to support social economy initiatives

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?

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.)

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

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.