Open
Last Update: April 1, 2026
Funding available
$ 150,000
Timeline
- Open continuously
Location
Montreal, Montréal, Quebec, Canada
Overview
Get a loan of up to $150,000 for your commercialization project, particularly those in the fields of transport and mobility, arts and culture, digital technology, clean technologies, and life sciences & health care technologies.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Develop a new product or service
- Develop an online presence
Eligible Funding
- Maximum amount : 150,000 $
- Up to 80% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
Location
- Montreal
- Montréal
- Quebec
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
The Innovation Investment Fund by PME MTL provides financial assistance to support innovative projects that contribute to the development of the Montreal area. Eligible projects focus on testing, market validation, launching, generating sales, and protecting innovations through intellectual property.
- Testing and trial of innovations in real-world contexts.
- Validation of target markets during the innovation development phase.
- Market launch of innovations.
- Generating the first sales of the innovation.
- Protecting an innovation through intellectual property rights.
- Supporting efforts to develop new markets or export innovations.
Eligibility
Who is eligible?
The Fonds d'Investissement innovation is targeted at businesses or entrepreneurs meeting specific eligibility criteria, primarily within the Montreal area.
This fund is aimed at encouraging innovative projects with significant impact in Montreal by providing financial assistance to eligible businesses.
- Business must be legally incorporated and registered in Quebec.
- Business must have a physical address in Montreal and head office within Quebec.
- Applicants must be Canadian citizens, permanent residents, or hold a Quebec selection certificate (CSQ).
- Project proposals must include a comprehensive business plan and financial forecasts for at least two years.
- Businesses must present financial statements for the past two years or one year if newly established.
- Entrepreneurs need to provide a minimum down payment, varying by business status (pre-startup, startup, or growing).
Who is not eligible
There are certain types of companies that are not eligible for this grant:
- Companies without Canadian citizenship, permanent residency, or a Quebec selection certificate
- Companies not legally incorporated and registered in the Registraire des entreprises du Québec
- Companies without a Montréal-based address and a head office in the province of Quebec
Eligible expenses
The grant covers expenses that are exclusively related to the business project.
- Expenses for testing and trial of innovations in a real context.
- Costs associated with the validation of target markets during the development of the innovation.
- Expenses related to the market launch of the innovation.
- Costs for generating the first sales of the innovation.
- Expenses incurred in protecting an innovation through intellectual property rights.
- Costs for supporting efforts to develop new markets or export the innovation.
Eligible geographic areas
This grant supports companies located in designated areas within Montreal to promote regional innovation and economic development. Eligible companies must have operations based in and a legal address within the city of Montreal and a head office in the province of Quebec.
- Companies based in the city of Montreal.
- Businesses with a head office located in the province of Quebec.
Additional information
Here are additional relevant details for this grant:
- The loan from Fonds d'Investissement innovation can be combined with Fonds PME MTL, allowing for a maximum combined total of $450,000.
- Applicants need to present financial statements for the last two completed years, or for the first year if the company is less than two years old.
- A minimum down payment is required: 20% for pre-startup businesses and 15% for startup or growing businesses for a loan, and 20% for a subsidy.
Documents and links
Frequently Asked Questions about the PME MTL — Innovation Investment Fund Program
Here are answers to the most common questions about the PME MTL — Innovation Investment Fund. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the PME MTL — Innovation Investment Fund?
Get a loan of up to $150,000 for your commercialization project, particularly those in the fields of transport and mobility, arts and culture, digital technology, clean technologies, and life sciences & health care technologies.
How much funding can be received?
PME MTL — Innovation Investment Fund Funds up to 80% of admissible expenses, capped at $150,000 per project.
Who is eligible for the PME MTL — Innovation Investment Fund program?
To be eligible for the PME MTL — Innovation Investment Fund program, you must:
The business or its promoters must have Canadian citizenship, be a permanent resident, or hold a Quebec selection certificate (CSQ).
The organization must be legally incorporated and registered in the Registraire des entreprises du Québec (REQ).
The business must have a Montréal-based address and have a head office in the province of Quebec.
What expenses are eligible under PME MTL — Innovation Investment Fund?
The Innovation Investment Fund by PME MTL provides financial assistance to support innovative projects that contribute to the development of the Montreal area. Eligible projects focus on testing, market validation, launching, generating sales, and protecting innovations through intellectual property. Testing and trial of innovations in real-world contexts.
Validation of target markets during the innovation development phase.
Market launch of innovations.
Generating the first sales of the innovation.
Protecting an innovation through intellectual property rights.
Supporting efforts to develop new markets or export innovations.
Where is the PME MTL — Innovation Investment Fund available?
The PME MTL — Innovation Investment Fund program is available Montréal, Quebec.
Is the PME MTL — Innovation Investment Fund a grant, loan, or tax credit?
PME MTL — Innovation Investment Fund is a Loans and Capital investments
Who are the financial supporters of the PME MTL — Innovation Investment Fund?
PME MTL — Innovation Investment Fund is funded by PME MTL