PME MTL — Subsidies to support social economy initiatives
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.
Overview
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.
At a glance
Funding available
- Increase performance through digital transformation
- Increase social or community impact
- Renovate or expand facilities
- Maximum amount : 50,000 $
- Minimum amount : 5,000 $
- Up to 80% of project cost
Eligible candidates
- All industries
- Montreal
- Montréal
- Quebec
- Non-profit
- Public or Parapublic institution
- Social economy enterprise
- All revenue ranges
- All organization sizes
- All groups
- Economic, Social and Community Development
- All the groups
- All structures
- All dimensions
Next Steps
Activities funded
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.
Official resources
Eligibility
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.)
Selection criteria
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
Here are the steps to submit an application for this grant:
- Step 1: Preliminary Research
- Understand the objectives and requirements of FDÉS funding.
- Ensure your organization and project meet the eligibility criteria.
- Step 2: Prepare Application
- Prepare a detailed project proposal outlining objectives, innovative aspects, and economic impact.
- Gather necessary financial documents, including proof of self-generated revenue.
- Include plans for job creation or maintenance.
- Prepare a budget showing at least 20% self-investment into the project.
- Step 3: Complete Application Form
- Fill out the official FDÉS application form, ensuring all sections are thoroughly completed.
- Attach all supporting documentation as specified in the application guidelines.
- Step 4: Submission Process
- Submit your completed application form and all supporting documents to the joint investment committee (CIC) of the relevant hub in Montréal.
- Ensure submission is done before the designated deadline.
- Step 5: Confirmation and Follow-up
- Receive confirmation of application submission from the CIC.
- Keep in contact for any required follow-up or additional documentation.
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.