How much funding can be received?

Funds up to 15000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the PME MTL – Young Business?

PME MTL – Young Business is funded by PME MTL

What are PME MTL – Young Business's eligibility criterias?

The business must be legally constituted and listed in the Registre d’entreprises du Québec (REQ). The business and its head office must be located in Montréal. The company must have been in existence for less than five years.

PME MTL – Young Business

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Montréal, QC

Subsidy for young businesses in Montreal

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Grant and Funding

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PME MTL

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

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This grant provides a non-repayable financial contribution to support young businesses in their start-up and growth phases. It requires businesses to secure a combination of funds to ensure sustainability.

Non-repayable financial contribution of up to $15,000.
Must be combined with a loan from the Fonds PME MTL.
Eligible expenses include equipment purchases, leasehold improvements, marketing expenses, and working capital fund.

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The PME MTL – Young Business grant supports early-stage companies by providing financial assistance to enhance business operations. The grant can be used for various business-related expenses that aid in the growth and establishment of the enterprise.

Purchases of essential business equipment.
Improvements to leased business premises.
Marketing and promotional activities to increase business visibility.
Establishment of a working capital fund to manage day-to-day expenses.

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Eligibility for the Fonds Jeunes Entreprises grant is based on specific requirements that focus on the status and location of the business, as well as the commitment of the entrepreneur.

Launch a legally constituted business listed in the Registre d’entreprises du Québec (REQ).
Have your business and head office located on Montréal Island.
Operate a company that has been in existence for less than five years.
Submit a business plan demonstrating profitability and viability.
Commit to working full-time in the business (at least 35 hours per week).

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Eligible applicants include start-up businesses that are legally constituted and listed in the Registre d’entreprises du Québec (REQ), with their headquarters located on Montréal Island, and have been operational for less than five years. Additionally, applicants are required to commit to working full-time in the business and must combine the subsidy with a loan from Fonds PME MTL.

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

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Eligible projects for this grant focus on supporting the essential operational and growth needs of young businesses. The financial assistance is designed to aid in critical startup expenses.

Purchasing equipment necessary for business operations.
Making leasehold improvements to business premises.
Executing marketing strategies to promote the business.
Building a working capital fund to support day-to-day expenses.

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This grant is available specifically to young businesses located within Montreal, as stipulated by the funding organization. The eligibility is designed to support regional start-ups on Montréal Island.

Businesses with their head office in Montréal.

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The evaluation and selection of projects for this grant under the Fonds Jeunes Entreprises are influenced by the entrepreneur’s qualifications and the proposal's viability in line with the fund’s objectives and requirements.

Entrepreneur’s qualifications and experience related to managing and growing a business.
Viability and profitability of the business plan submitted.
Alignment with the strategic objectives of the Fonds Jeunes Entreprises and PME MTL.
Projected impact on the Montréal economic ecosystem.
Effective use of the proposed non-repayable financial contribution.

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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.