PME MTL – Subsidies to support social economy initiatives
At a glance
- From 5,000$ to 50,000$
- 80% of project cost
- Open Date : June 17, 2020
- All industries
- PME MTL
Overview
Eligibility criteria
The Fonds de développement de l’économie sociale (FDÉS) supports social economy projects for social economy enterprises or non-profit organizations (NPOs) headquartered in Montréal. To be eligible, entities must have self-generated revenue of 20% of annual revenue, demonstrate job creation or maintenance, and invest at least 20% of the total project cost.
- Be a social economy enterprise or NPO with a social economy project
- Be headquartered in Montréal
- Take a formal entrepreneurial approach
- Have self-generated revenue representing 20% of annual revenue
- Show ability to create or maintain jobs
- Invest at least 20% of the total project cost
Who is eligible
The Fonds de développement de l’économie sociale (FDÉS) provides subsidies to social economy enterprises and non-profit organizations (NPOs) with social economy projects headquartered in Montréal, supporting their growth and innovative initiatives. Eligible companies must have a formal entrepreneurial approach, self-generated revenue representing 20% of annual revenue, ability to create or maintain jobs, and invest at least 20% of the total project cost.
- Social economy enterprises
- Non-profit organizations (NPOs) with social economy projects
Who is not eligible
Some types of companies are not eligible for this grant. To be eligible for the subsidy from the Fonds de développement de l'économie sociale, companies must meet the following criteria:
- Social economy enterprises or non-profit organizations (NPOs) with a social economy project
- Headquartered in Montréal
- Take a formal entrepreneurial approach
- Have self-generated revenue representing 20% of annual revenue
- Show ability to create or maintain jobs
- Invest at least 20% of the total project cost
Eligible expenses
The eligible expenses for this grant include acquisition of technology, software, patents, working capital fund, professional fees, and capital expenses (land, building, equipment, incorporation expenses, etc.).
- Acquisition of technology, software, patents, etc.
- Working capital fund
- Professional fees
- Capital expenses (land, building, equipment, incorporation expenses, etc.)
Eligible projects & activities
The Fonds de développement de l’économie sociale (FDÉS) supports social economy projects and innovative initiatives that explore new sectors or develop new expertise. Eligible projects may include:
- Acquisition of technology, software, patents, etc.
- Working capital fund
- Professional fees
- Capital expenses (land, building, equipment, incorporation expenses, etc.)
Eligible geographic areas
There are specific geographic areas mentioned for this grant. The subsidy is available for enterprises or organizations headquartered in Montréal.
- Headquartered in Montréal
Evaluation & selection criteria
The applications for subsidies from the Fonds de développement de l'économie sociale are evaluated based on specific criteria to ensure alignment with the fund's objectives and requirements:
- Be a social economy enterprise or non-profit organization with a social economy project
- Headquartered in Montréal
- Take a formal entrepreneurial approach
- Demonstrate self-generated revenue representing 20% of annual revenue
- Show ability to create or maintain jobs
- Invest at least 20% of the total project cost
How to apply
- Step 1: Meet eligibility criteria
- Be a social economy enterprise or non-profit organization with a social economy project
- Headquartered in Montréal
- Have self-generated revenue representing 20% of annual revenue
- Demonstrate ability to create or maintain jobs
- Invest at least 20% of total project cost
- Step 2: Prepare necessary documentation
- Details of the social economy project
- Financial statements
- Evidence of self-generated revenue
- Business plan
- Step 3: Submit application
- Complete application form
- Include all required documentation
- Submit within specified deadlines
- Step 4: Evaluation by the joint investment committee (CIC)
- Assessment of qualifications and viability of the proposal
- Review against fund's objectives and requirements
- Step 5: Decision and notification
- Receive notification on approval or rejection
- If approved, receive details on subsidy amount and next steps