Subvention à l’innovation ouverte pour les entreprises émergentes (Open Innovation Subsidy Program for Start-up Companies)

By mmuise
Description:

This subsidy program helps emerging companies test innovative solutions in a business context by partnering with stable organizations. It aims to support projects that will have an impact on the sustainable transformation of Montréal.


Comments on Funding:

The maximum amount of the grant is equal to 50% of the actual cost of the project and cannot exceed $50,000.

Deadline: Continuous Intake
Eligibility:

Emerging company must:

  • have its head office or main business establishment on the territory of the Montréal agglomeration;
  • be in the start-up phase or in operation for less than 5 years;
  • have a team of at least 2 people working full time;
  • have annual sales of $2 million or less;
  • have a majority share capital held by Canadian citizens, permanent residents or persons holding a Québec selection certificate if the business is a corporation. The company cannot be more than 50% owned by another legal person.
  • Social economy enterprises (cooperatives or NPOs) that meet the above criteria are also eligible.

    Partner organization must:
  • be established on the territory of the Montréal agglomeration;
  • be a legal person governed by public or private law, and have more than 50 employees or self-employed workers;
  • be a non-profit legal person, such as a cooperative or an industrial cluster;
  • The City of Montreal can act as a partner organization to test a product, with the exception of the Economic Development Department, which is in charge of the program.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise