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Fondation Montréal Grant

Grants and In-Kind Support to Montreal, Quebec
Entrepreneurs to Develop High Potential Startups

GrantWatch ID#: 170402
Agency Type:

Foundation / Corporation

Fondation Montréal

10/20/17 5:00 p.m.

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Grants ranging from $5,000 to $30,000 to Montreal, Quebec entrepreneurs between the ages of 18 and 35 to develop businesses that demonstrate a high potential for growth. In addition to startup cost support, this grant program provides a lifetime access to additional services, including mentoring, coaching, business referral, co-development groups, training/workshops, and several networking activities with recognized entrepreneurs and business community professionals.

Although several factors influence decisions, this program mainly seeks ventures that have the following four characteristics:

-Innovative: Does your product/service represent a significant competitive advantage on the market?

-Growth objective: Do you see yourself growing big? Will you create several jobs in the years ahead?

-Profitability: Do you have a solid revenue model that proves to us your business will be profitable?

-Montréal outreach: Will you contribute to Montréal's local and international outreach?

La Zone Montréal inc. was born in 2014 from a partnership between the Fondation and Desjardins, with the aim of offering more upstream support to promising businesses that did not obtain a Grant+ on their first application to the Fondation. La Zone offers a chance to these candidates, who are full of potential but have to upgrade, to polish their business project over a 12-month period, so that they can reformulate a grant application to the Fondation.

Note: A rejected candidacy for a Grant+ doesn't automatically mean admission to La Zone Montréal inc. Only the Fondation chooses the candidates who will access the Zone.

Every year, Fondation Montréal inc. awards fifty Grants.

The grants vary between $5,000 and $30,000. The amount is determined by the grant committee and is based on an analysis of the startup costs of the business. The grant provides up to 25% of the startup costs, never more.

Important: all the eligibility criteria must be respected during submission of the application by the entrepreneur holding 50% or more of the company's shares.

1. Be 18 to 35 years of age inclusive.
2. Be a Canadian citizen or permanent resident (non-residents must hold their Certificate de sélection du Québec to be able to submit their candidacy)
3. Reside on the Island of Montréal.
4. Your company's head office, if applicable, must be located on the Island of Montréal.
5. Have been in the marketing phase for twelve months or less, or plan to engage in marketing in the next twelve months.
6. Plan to be a full-time employee of your own business at the time of its startup.
7. Hold at least half the shares of the company (50% or more) or hold them jointly with other entrepreneurs who also meet the eligibility criteria.

The following projects are not eligible for a Grant+ and thus will be rejected automatically:

-Nonprofit project
-Project of a sexual, religious or political nature
-Bars or discotheques
-Student projects: internships and university projects
-Research and development projects
-Projects rejected and submitted a 2nd time
-Projects for which the entrepreneurs do not meet the eligibility criteria
-Projects submitted by full-time students at the time of the business startup
-Projects of self-employed workers
-Incomplete applications

The preparatory kit is a bundle of services dedicated to all the future candidates who plan on submitting their application for the Montréal inc. Grant+. These events are optional. Registration is mandatory to attend.

1) Webinar: how to obtain the Montréal inc. Grant+ ?

Date: September 14, 2017
19:00 - 20:00 EEST
Location: online

All prospective candidates who plan on submitting an application for the Montréal inc. Grant+ are invited to take part in this informative webinar, offered by two of the entrepreneurship advisers.

The webinar will cover:
- how to apply for a scholarship
- explanation of the eligibility criteria
- evaluation criteria used by the selection committees

Webinar in French with bilingual Q&A.

More information can be found here:
https://register.gotowebinar.com/register/3600814104095061249

2) Information session: how to obtain the Montréal inc. Grant+ ?

Date: September 29, 2017
9:00 - 11:00 am
Location: Fondation Montréal inc., 1550 Metcalfe Street, Suite 605, Montréal (Qc)

All prospective candidates who plan on submitting a grant application at Fondation Montréal inc. are invited to take part in an information session held at the Foundation and will be hosted by the Assistant Director, Nawal Hanani.

The information session will discuss:
- how to apply for the Exchange
- explanation of the eligibility criteria
- evaluation criteria used by the selection committee

The Assistant Director will be available to meet with individual candidates to answer their more focused questions as required.

The session will be bilingual.

More information can be found here:
https://www.eventbrite.ca/e/inscription-seance-dinformation-comment-obtenir-la-bourse-montreal-inc-bilingual-36840007454?aff=es2

3) Tip-clinic: the essentials of a business plan and financial statements

Date: October 5, 2017
13:30 - 16:30 EDT
Location: Fondation Montréal inc., 1550 Metcalfe Street, Suite 605, Montréal (Qc)

The tip-clinic has for objective to help participants adequately prepare their Grant+ application. The tip-clinic is addressed to all prospective candidates who plan on submitting an application for the Montréal inc. Grant+ before the next deadline.

Prerequisites:
You must bring your business plan and financial statements with you in paper format.

Format:
1:30 pm to 2:00 pm - Summary presentation of the business plan and financial statements, as well as some recommendations on assessment interview skills.

2:00 pm to 4:30 pm - Individual coaching sessions of 20 to 30 minutes per company to answer questions and make recommendations.

* The individual coaching schedule will be determined the morning of the event.

This session will be held in French but the question period will be bilingual.

More information can be found here:
https://www.eventbrite.ca/e/billets-clinique-conseil-les-essentiels-du-plan-daffaires-et-des-etats-financiers-36840093712?aff=es2

There are four drafting rounds every year, occurring in February, May, August and October. You can only submit an application during those rounds, which last approximately 1 month each.

The application submitted during a drafting round are processed only after its deadline. You will not receive any response before the deadline.

Deadlines for the 2017 Drafting Rounds:
-February 3
-May 12
-August 11
-October 20

You may expect an answer Within 11 weeks following the closing of the ongoing Drafting Round.

FAQ:
http://www.montrealinc.ca/en/grant/faq

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Apply Online:
http://intranet.montrealinc.ca/

Fondation Montréal inc.
1550 rue Metcalfe
Bureau 605
Montréal, Québec h3a 1p3
Canada

514 872-8373
info@montrealinc.ca

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Canada: Quebec

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