Commercialization of Innovations Investment Fund (Subsidy Component)
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.
Grant Deadline
Deadline not available
Funding Amount
$150,000
Type of Grant
Grant
Sectors
Agri-Food, Agriculture, Biotechnology, Clean Tech, Healthcare, Technology
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
Eligibility conditions
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, including a full financial forecast and compiled financial statements (or review engagement) for the two most recent fiscal years
- 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
Eligible expenses
Only expenses related to the business project are eligible.
Each application is reviewed by the Joint Investment Committee (JIC) of the center involved, who will establish the qualification of the entrepreneur and the project against the objectives and requirements of the Fund's policy.
If you need more information about our Fonds Commercialisation des innovations, please contact your service center.
Grant Application website
Contact
https://pmemtl.com/en/reseau/find-advisors