grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
grant_single|deadlines
  • grant_single|openingDateNovember 14, 2019
  • grant_single|closingDateMay 03, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • PME MTL
grant_single|status
grant_card_status|closed

grant_single_labels|preview

Get up to $15,000 to help with your start-up and growth.

grant_single_labels|projects

Every application is studied by the joint investment committee (CIC) of the hub concerned to determine the entrepreneur's qualifications and the viability of the proposal in light of the fund's objectives and requirements.
  • Equipment purchases
  • Leasehold improvements
  • Marketing expenses
  • Working capital fund
grant_single|admissibleProjectsExample

$15,000

Vancouver
Purchase of advanced coffee roasting equipment to expand local cafe services

$14,000

Toronto
Renovation of community theater for hosting cultural events

$15,000

Vancouver
Renovate an existing warehouse to create a co-working space

$15,000

Toronto
Purchase eco-friendly equipment for a new community garden

grant_single_labels|admissibility

Eligibility criteria for the Fonds Jeunes Entreprises:
  • Launch a legally constituted business listed in the Registre d’entreprises du Québec (REQ)
  • Have your business and your head office in Montréal
  • Operate a company that has been in existence for less than five years
  • Submit a business plan showing its profitability and viability
  • Commit to working full-time in the business (at least 35 hours per week)

grant_eligibility_criteria|who_can_apply

Eligible types of companies for the Fonds Jeunes Entreprises grant include:
  • Legally constituted businesses listed in the Registre d’entreprises du Québec (REQ)
  • Businesses with their headquarters in Montréal
  • Companies in existence for less than five years

grant_eligibility_criteria|who_cannot_apply

  • Businesses not in Montreal
  • Unregistered businesses
  • Operations over 5 years old
  • Part-time engagement in business

grant_eligibility_criteria|eligible_expenses

Equipment purchases
  • Leasehold improvements
  • Marketing expenses
  • Working capital fund

grant_eligibility_criteria|zone

Montreal

grant_single_labels|criteria

The evaluation and selection criteria for the Fonds Jeunes Entreprises grant are as follows:
  • Launch a legally constituted business listed in the Registre d’entreprises du Québec (REQ)
  • Have your business and your head office in Montréal
  • Operate a company that has been in existence for less than five years
  • Submit a business plan showing its profitability and viability
  • Commit to working full-time in the business (at least 35 hours per week)

grant_single_labels|register

  • Step 1: Confirm that your business meets the eligibility criteria
  • Ensure your business is legally constituted and listed in the Registre d’entreprises du Québec
  • Have your business and head office located in Montréal
  • Operate a company that has been in existence for less than five years
  • Prepare a business plan demonstrating profitability and viability
  • Commit to working full-time in the business (at least 35 hours per week)
  • Step 2: Prepare and submit your application
  • Gather all necessary documentation including financial statements, business plan, and proof of eligibility
  • Apply for a loan from the Fonds PME MTL if you haven't already
  • Submit your application with the required information and supporting documents
  • Step 3: Await the review process
  • Your application will be reviewed by the joint investment committee (CIC) of the hub
  • The committee will assess your qualifications and the viability of your proposal
  • Decisions will be based on the fund's objectives and requirements
  • Step 4: Receive a decision
  • If approved, you may receive a non-repayable financial contribution of up to $15,000
  • You can use the funds for eligible expenses such as equipment purchases, marketing, and working capital

grant_single_labels|otherInfo

The grant offers substantial financial support for start-ups, particularly targeting new businesses on Montréal Island. It emphasizes the importance of having a viable business plan and a commitment to full-time work in the business.
  • The subsidy must be combined with a loan from the Fonds PME MTL.
  • Eligible businesses must be listed in the Registre d’entreprises du Québec (REQ).
  • Financial assistance is in the form of a non-repayable contribution of up to $15,000.
  • Examples of eligible expenses include equipment purchases, leasehold improvements, marketing expenses, and working capital fund.
  • All applications are reviewed by the joint investment committee (CIC) of the respective hub to ensure they meet the fund's requirements and objectives.

grant_single_labels|documents

PME MTL – Young Business

grant_single_labels|contact

info@pmemtl.com
Apply to this program