Open
Last Update: April 1, 2026
Funding available
$ 150,000
Timeline
- Open continuously
Location
Montreal, Montréal, Quebec, Canada
Overview
A loan of up to $150,000 supports innovation-related business projects in Montreal. It can be used for real-world testing, market validation, launch, first sales, intellectual property protection, and market development or export.
/100
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
- Testing and trialling an innovation in a real-world context.
- Validating target markets during innovation development.
- Launching an innovation on the market.
- Generating the first sales of an innovation.
- Protecting an innovation through intellectual property rights.
- Developing new markets or export opportunities for an innovation.
Eligibility
Who is eligible?
- Incorporated businesses in Montreal.
- Businesses with a head office in Quebec.
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
- Expenses directly related to the business project.
Eligible geographic areas
- Montreal
- Quebec
Processing and Agreement
- Applications are evaluated by the relevant joint investment committee.
- The committee assesses the entrepreneur and the project against the fund’s objectives and policy requirements.
- Funding depends on the availability of funds.
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?
A loan of up to $150,000 supports innovation-related business projects in Montreal. It can be used for real-world testing, market validation, launch, first sales, intellectual property protection, and market development or export.
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:
Canadian citizenship, permanent residency, or CSQ required.
Legally incorporated and registered in Quebec.
Establishment in Montreal and head office in Quebec.
What expenses are eligible under PME MTL — Innovation Investment Fund?
Testing and trialling an innovation in a real-world context.
Validating target markets during innovation development.
Launching an innovation on the market.
Generating the first sales of an innovation.
Protecting an innovation through intellectual property rights.
Developing new markets or export opportunities for an innovation.
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 (PME)