Fonds Commercialisation des innovations

By mmuise
Description:

PME MTL offers a wide range of financing options to encourage business development. This innovation support fund aims to finance innovative projects that have an impact on the Montreal area.


Comments on Funding:

Funding takes the form of a loan of up to $150,000, which may not exceed 80% of the total cost of the business project.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • 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 grant.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise