PME MTL – Young Business
At a glance
- Max. $15,000
- Open Date : November 14, 2019
- All industries
- PME MTL
Overview
Eligibility criteria
- Initiate a legally established business registered with the Quebec Business Registry (REQ).
- Locate the business operations and headquarters in Montreal.
- Run a business that is under 5 years old.
- Submit a business plan that proves profitability and sustainability.
- Commit to working full-time in the business, at least 35 hours per week.
Who is eligible
- Startup entrepreneurs in Montreal
- Businesses registered with the Quebec Business Registry (REQ)
- Operations under 5 years old
Who is not eligible
- Businesses not in Montreal
- Unregistered businesses
- Operations over 5 years old
- Part-time engagement in business
Eligible expenses
- Equipment purchases
- Leasehold improvements
- Marketing expenses
- Working capital
Eligible geographic areas
Montreal
Evaluation & selection criteria
These support or financing services are provided to entrepreneurs based on the district or city where their business is located.
How to apply
Complete the online form based on your region. For detailed steps and to access the form, it's best to directly visit the PME MTL website
Contact information
Grant Summary: Subsidies for Young Businesses
Details of the Fonds Jeunes Entreprises (Young Business Fund)
The Fonds Jeunes Entreprises provides financial assistance to viable businesses in Montreal, offering a non-repayable contribution of up to $15,000 for eligible expenses like equipment purchases, marketing, and more. To qualify, businesses must be legally constituted, operate in Montreal, be under five years old, submit a viable business plan, and commit to full-time operation. Applications are evaluated by the joint investment committee to assess qualifications and proposal viability. See the Financing your business section for advice and updates on financing options.
