Subvention à l’innovation ouverte pour les entreprises émergentes (Open Innovation Subsidy Program for Start-up Companies)
$50,000.00
Subsidy
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.
Continuous Intake
Eligibility:
Emerging company must:
1. have its head office or main business establishment on the territory of the Montréal agglomeration;
2. be in the start-up phase or in operation for less than 5 years;
3. have a team of at least 2 people working full time;
4. have annual sales of $2 million or less;
5. 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.
6. Social economy enterprises (cooperatives or NPOs) that meet the above criteria are also eligible.
Partner organization must:
1. be established on the territory of the Montréal agglomeration;
2. be a legal person governed by public or private law, and have more than 50 employees or self-employed workers;
3. be a non-profit legal person, such as a cooperative or an industrial cluster;
4. 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:
Applicants must complete an Admission Application Form.
Documentation Needed:
Applicants must provide:
1. a duly completed admission application form;
2. a resolution of the board of directors which authorizes the submission of the application (or other relevant official document);
3. CVs of management members (or web pages presenting their profile);
4. financial statements for the last financial year (if the company does not have financial statements, present the balance sheet and income statement prepared internally, accompanied by bank account statements for the 6 months preceding the date of request);
5. estimated over 3 financial years of the sales potential of the innovative product for the targeted market;
6. business plan or document describing the innovative product, business model and marketing strategy.
Other Things to Note:
About the author
Maurice
