Fonds Commercialisation des innovations (Innovation Commercialization Fund)

Overview of the Fonds Commercialisation des innovations (Innovation Commercialization Fund) program:

PME MTL offers many options for business financing, including a Fonds Commercialisation des innovations. This investment fund provides Montreal businesses with access to loans and subsidies designed to support the commercialization of innovations. Successful applicants can receive funding for: Testing and trial of innovations in real context Validation of target markets when developing the innovation Market launch Sales generation the first sales

Benefits of the Fonds Commercialisation des innovations (Innovation Commercialization Fund) program:

• The Fonds d'Investissement innovation loan can be combined with the Fonds PME MTL, up to a maximum of $450,000.
• This fund offers a loan of up to $150,000, which may not exceed 80% of the total cost of the business project.

Eligibility criteria of the Fonds Commercialisation des innovations (Innovation Commercialization Fund) program:

• 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 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 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