How much funding can be received?

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

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

Empowering Montreal's Innovative Ventures

The Fonds d'Investissement innovation provides financial support to Montreal-based businesses with projects that drive innovation and regional economic growth. With loans up to $150,000 available, entrepreneurs can fund essential activities like market validation, product testing, and securing intellectual property rights.

Unlocking Opportunities for Montreal's Business Evolution

The Fonds d'Investissement innovation by PME MTL is a vital initiative aimed at fostering innovation within the vibrant business landscape of Montreal. As part of the broader efforts to enhance business development in the region, this fund seeks to empower small and medium-sized enterprises (SMEs) by providing them with the capital needed to bring their innovative ideas to fruition. This fund is specifically structured to assist in crucial phases of a business project, including the testing and trialing of innovations in practical settings, validating target markets, and launching products into the commercial sphere.

With a maximum loan amount of $150,000, businesses can cover up to 80% of their project costs, making this funding an attractive proposition for innovations poised to make a significant impact. The Fund is particularly beneficial for those aiming to secure intellectual property rights, exploring new markets, or generating initial sales – all pivotal activities for establishing a strong market presence. Furthermore, the eligibility criteria ensure that only legally registered enterprises based in Quebec, with a robust business plan and financial projections, stand to benefit from this financial assistance, thereby aligning with both local economic goals and the wider strategic ambitions of Quebec's entrepreneurial ecosystem.

An additional advantage of the Fonds d'Investissement innovation lies in its compatibility with the Fonds PME MTL, allowing businesses to potentially secure a total funding package of up to $450,000. This not only heightens financial security for enterprises but also multiplies the resources available for expanding their operations. Such combined financial support is invaluable for project scalability, particularly in the competitive sectors that shape the Montreal economy.

The overarching goal of this fund is to accelerate the time-to-market for innovations, support job creation, and enhance the overall quality of life through economic strengthening. This makes it not just a financial grant, but a catalyst for sustainable economic development in Montreal. The strategic alignment with local governmental initiatives ensures that businesses are not only supported financially but are also positioned strategically within the economic frameworks of the region.

In conclusion, the Fonds d'Investissement innovation represents more than just a funding opportunity; it is a commitment to cultivating a robust and resilient economic infrastructure through strategic partnerships with innovative businesses. As these businesses grow and succeed, they contribute significantly to the dynamic and forward-thinking reputation of Montreal on the global stage. Therefore, this fund is a crucial component in the broader efforts to promote long-term economic vitality and social prosperity in Quebec.