PME MTL — Innovation Investment Fund (Fonds Commercialisation des innovations)
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Eligibility & Details
What this program funds and who can apply
Program Description
A repayable loan, and in some cases a subsidy, of up to $150,000 for Montreal-based Quebec businesses, covering up to 80% of eligible innovation commercialization costs. Applicants must be Canadian citizens, permanent residents, or Quebec selection certificate holders with a registered Quebec company.
Eligibility Requirements
- 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 Quebec (REQ).
- Have a Montreal-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 total cost for a pre-startup business, at least 15% for a start-up or growing business applying for a loan, and 20% when applying for a subsidy.
Quick Assessment
Funding Details
- Amount
- Loan (or in some cases a subsidy) of up to $150,000, not exceeding 80% of total project cost; can be combined with the Fonds PME MTL for up to $450,000 total
- Type
- Loan
- Level
- Municipal
- Financing share
- Up to 80% of eligible costs
- Deadline
- Ongoing intake; applications reviewed by the Joint Investment Committee of the relevant PME MTL service centre
Program Scorecard
Competition, effort, and approval at a glance
Everything you need to secure PME MTL — Innovation Investment Fund (Fond...
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 6-document checklist with what each reviewer is actually checking
- Insider tip from program officers on what separates winners
- Success profile + evaluation criteria — exactly what lenders look for
How to qualify
Insider tips, common pitfalls, and what successful applicants look like
Insider TipTreat this as a repayable loan rather than a grant, and apply through your borough's PME MTL service centre. Eligible uses include testing innovations, market validation, market launch, first sales, IP protection, and export development.
Application Playbook
Step-by-step process, required documents, and expenses
Application steps not yet documented.
Required Documents 6
Deadline Notes
Ongoing intake; applications reviewed by the Joint Investment Committee of the relevant PME MTL service centre
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Funding Stack Strategy
Compatible programs, clawback risk, and combined funding potential
Stacking partner data not yet available.
Clawback Risk
Unknown RiskHow PME MTL — Innovation Investment Fund (Fond... Compares
Side-by-side with similar programs
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