grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|openingDateJuly 09, 2024
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • Manufacturing
  • Information and cultural industries
  • Professional, scientific and technical services
grant_single|grantors
  • PME MTL
grant_single|status
grant_card_status|open

grant_single_labels|preview

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.

grant_single_labels|projects

This grant is targeted at companies that are specifically based in Montreal, as per the requirement stated in the eligibility conditions. Ensuring that the business has a Montreal-based address and a head office in Quebec is crucial for qualification.
  • Montreal-based business address.
  • Head office located in the province of Quebec.
grant_single|admissibleProjectsExample

$150,000

Montréal
Launching a digital platform for remote healthcare consultations

grant_single_labels|admissibility

Eligibility for the Fonds d'Investissement innovation is based on specific criteria related to the applicant's legal status, location, financial history, and project contribution.
  • The business or its promoters must have Canadian citizenship, be a permanent resident, or hold a Quebec selection certificate (CSQ).
  • The business must be legally incorporated and registered in the Registraire des entreprises du Québec (REQ).
  • The business must have a Montréal-based address and maintain its head office in the province of Quebec.
  • A business plan or executive summary must be presented.
  • Financial forecasts covering at least two full financial years must be provided.
  • A compilation of financial statements for the last two completed financial years is required, or for the first financial year for companies less than two years old.
  • A minimum down payment of 20% of the total cost for a pre-startup business and at least 15% of the total project cost for a start-up or growing business is needed for a loan, and 20% when applying for a subsidy.

grant_eligibility_criteria|who_can_apply

This fund is available to businesses or promoters who:- Have Canadian citizenship, are permanent residents, or hold a Quebec selection certificate (CSQ).- Are legally incorporated and registered in the Registraire des entreprises du Québec (REQ).- Have a Montréal-based address, with a head office in the province of Quebec.- Can present a business plan or executive summary.- Can present financial forecasts covering at least two full financial years.- Can present a compilation of financial statements for the last two completed financial years, or the first financial year for companies less than two years old.- Can provide a minimum down payment of 20% of the total cost for a pre-startup business, 15% for a start-up or growing business for a loan, and 20% when applying for a subsidy.

grant_eligibility_criteria|who_cannot_apply

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

grant_eligibility_criteria|eligible_expenses

This fund supports a range of innovative projects that aim to make a significant impact on the Montreal area. The eligible projects focus on various stages of innovation, from development to market expansion.
  • Testing and trial of innovations in real contexts.
  • Validation of target markets during the development of innovations.
  • Market launch of innovative products or services.
  • Generating the first sales of an innovation.
  • Protection of innovation through intellectual property rights.
  • Development of new markets or export strategies for an innovation.

grant_eligibility_criteria|zone

Eligible expenses for this grant are those directly related to the business project.

grant_single_labels|criteria

Yes, there are evaluation and selection criteria for the Fonds d'Investissement innovation grant. The criteria ensure that the business and its project align with the fund's objectives and requirements.
  • Canadian citizenship, permanent residency, or Quebec selection certificate (CSQ)
  • Legal incorporation and registration in the Registraire des entreprises du Québec (REQ)
  • Montréal-based address with the head office in Quebec
  • Submission of a business plan or executive summary
  • Financial forecasts covering at least two full financial years
  • Compilation of financial statements for the last two completed financial years or first financial year for companies less than two years old
  • Minimum down payment of 20% for pre-startup businesses and 15% for startup or growing businesses for a loan, and 20% for a subsidy
  • Eligible expenses must be related to the business project
  • Review by the Joint Investment Committee (JIC) for qualification against objectives and requirements of the Fund's policy

grant_single_labels|register

Here are the steps to submit an application for this grant:
  • Step 1: Verify Eligibility
    • Ensure your business meets the citizenship and residency status requirements.
    • Confirm incorporation and registration with the Registraire des entreprises du Québec (REQ).
    • Verify your business’s address is based in Montréal.
  • Step 2: Prepare Financial Documentation
    • Compile a business plan or executive summary.
    • Prepare financial forecasts for at least two full financial years.
    • Gather compiled financial statements for the previous two years or the first year for new businesses.
    • Ensure you have a minimum down payment ready as per your business stage.
  • Step 3: Prepare Development Plan
    • Identify eligible expenses related to your business project.
    • Outline how the loan will be used for the specific eligible projects mentioned (e.g., market launch, testing innovations).
  • Step 4: Contact Service Center
    • Reach out to your local service center for guidance on application specifics and additional requirements.
  • Step 5: Submit Application
    • Submit all prepared documents to the relevant Joint Investment Committee (JIC).
    • Include detailed descriptions and justifications matching the fund’s policy objectives.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:
  • The loan can be combined with the Fonds PME MTL, with a total funding cap of $450,000.
  • The Joint Investment Committee (JIC) is responsible for reviewing applications and ensuring alignment with the Fund's policy objectives.

grant_single_labels|documents

PME MTL — Support for Innovations Marketing — Loans

Apply to this program