An investment fund that supports the commercialization of innovations

PME MTL offers many options for business financing, including a Fonds Commercialisation des innovations. This investment fund provides Montréal businesses with access to loans and subsidies designed to support the commercialization of innovations. An investment fund that supports the commercialization of innovations Our Fonds Commercialisation des innovations encourages Montréal-based business owners to complete different phases of their commercialization project. You can, therefore, receive funding for: Testing and trial of innovations in real context Validation of target markets when developing the innovation Market launch Generating the first sales of the innovation We offer support mainly to businesses that are active in the following five economic activity sectors: Bio-food Creative and cultural industries Digital industries Clean technologies Life Sciences and Health care technologies Financial Assistance Depending on your needs, our fund is available in two forms: Loan of up to $150,000 on a variable term basis with a competitive interest rate Subsidy of up to a maximum amount of $25,000. The subsidy must not exceed 25% of the total cost of the project

Grant Deadline

Deadline not available

Funding Amount

$150,000

Type of Grant

Loans, Grant, Funding

Sectors

All Sectors

Demographics

Incorporation

For Profit

Perks

Region Restriction

This grant is restricted to whole of Canada

Keywords

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

To qualify for a loan or subsidy from our Fonds Commercialisation des innovations, the business or its promoters must meet the following criteria:

• Have Canadian citizenship, be a permanent resident or hold a Quebec selection certificate (CSQ)
• Be legally incorporated and registered in the Registraire des entreprises du Québec (REQ)
• Have a Montréal-based address, and have a head office in the province of Quebec
• Present a business plan or executive summary
• Present financial forecasts covering at least two full financial years
• Present a compilation of financial statements for the last two completed financial years (or the first financial year for companies less than two years old)
• Provide a minimum down payment of 20% of the total cost for a pre-startup business, and at least 15% of the total project cost for a start-up or growing business for a loan and 20% when applying for a subsidy

We offer support mainly to businesses that are active in the following five economic activity sectors:

• Bio-food
• Creative and cultural industries
• Digital industries
• Clean technologies
• Life Sciences and Health care technologies

Our Fonds Commercialisation des innovations encourages Montréal-based business owners to complete different phases of their commercialization project. You can, therefore, receive funding for:

• Testing and trial of innovations in real context
• Validation of target markets when developing the innovation
• Market launch
• Sales generation the first sales

Grant Application website

https://pmemtl.com/en/services/financing/loans-and-subsidies/commercialization-of-innovations-investment-fund?utm_source=bbf-orae&utm_medium=website&utm_campaign=FTF&utm_term=business_benefits_finder-outil_recherche_aide_aux_entreprises

Contact

https://pmemtl.com/en/find-advisors