Open innovation subsidy program for emerging businesses (RCG 20-033)

The Open Innovation Subsidy Program for start-up companies encourages start-ups to collaborate with established organizations in the city. This financial incentive is geared to innovative projects that will have an impact on Montréal’s transformation towards sustainability.

2024-03-19

$50,000

Grant

Clean Energy, Entertainment, Healthcare, Technology, Tourism, Wellness, Med Tech

Visible minority

Non Profit, Government Institution, Charity

This grant is restricted to whole of Canada

market

This grant is age restricted from 18 to 100

To be part of the program, an agreement must be reached with a partner organization, which must make a minimum financial contribution to the project.

The following conditions must be met:

The company’s head office or principal place of business must be located in one of Montréal’s borough or neighbouring municipalities
Be in the start-up phase or in operation for fewer than five years
Have a team of at least two people working full-time
Post annual sales equal to or lower than $2 million
If the company is a joint-stock company, its capital stock must primarily be held by Canadian citizens, permanent residents or holders of a Certificat de sélection au Québec. The company cannot be more than 50 per cent owned by another legal person. Social economy companies (co-ops or non-profits) are also eligible.

Social economy businesses (cooperative or non-profit) that meet the aforementioned criteria are also eligible.

Complete this form

https://sdemtl.formstack.com/forms/info_subvention_innovation_ouverte