PME MTL – Young Business
Get up to $25,000 in non-repayable grant funding for your Montreal start-up. To qualify, you must also get a PME MTL loan at the same time.
“For young Montréal entrepreneurs, this fund helps propel your business forward.”
From the official program page
Before you spend any money
Confirm with your local PME MTL service centre whether approval must precede spending or if reimbursement applies.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Is this for you?
- You run an early-stage start-up on the Island of Montreal.
- You need capital for equipment, leased space improvements, marketing, or working capital.
- You are ready to apply for a PME MTL loan at the same time, since the grant requires one.
Probably not the right fit if
- You run an established business that is past the fund's age limit (ask your local service centre what the limit is).
- You are located outside the Island of Montreal.
- You refuse to take on debt, as this grant is strictly tied to receiving a PME MTL loan.
How much you'd realistically get
Up to $25,000 in non-repayable funding, available only when paired with a PME MTL loan.
What may be supported
- Purchasing equipment
- Improving a leased space
- Launching marketing initiatives
- Strengthening working capital
How applying works
Effort: moderateYou must prepare a loan application alongside the grant request, which requires detailed financial projections and a business plan.
- 01Identify your local PME MTL business service centre by entering your postal code on pmemtl.com.
- 02Prepare your business plan and financial projections, focusing on equipment, space, marketing, or working capital needs.
- 03Contact the service centre to apply for both the PME MTL loan and the Young Business Grant simultaneously.
- 04Submit your application and attend any required interviews or reviews.
- 05Upon approval, receive the loan and the non-repayable grant funds.
Who to ask: Contact your local PME MTL service centre.
Documents commonly required
- Business plan detailing the use of funds (equipment, space, marketing, working capital).
- Financial projections and personal financial statements.
- Proof of business registration and location on the Island of Montreal.
- Confirmation of full-time founder involvement.
What to know before you count on it
- This is not standalone funding; you must qualify for and receive a PME MTL loan to get the grant.
- It is generally taxable income; ask your accountant how this affects your net revenue.
- Selection is discretionary and competitive; having a solid business plan and full-time founder involvement is critical.
- Ask your local service centre what the business age limit is before you apply.
What are your odds?
Approval depends on the viability of your business plan and your ability to service the accompanying loan; it is not guaranteed.
Frequently asked questions
Do I have to pay this back?
No, it is a non-repayable grant.
Is the grant taxable?
Generally, yes. Grants are often treated as taxable income. Confirm with your accountant.
Can I apply if I am not on the Island of Montreal?
No, this program is specifically for start-ups operating on the Island of Montreal.
What if I don't want a loan?
You cannot receive this grant without simultaneously securing a PME MTL loan.
More funding by what it pays for
What you can combine it with
Can be combined with the Fonds PME MTL loan; check with your advisor for other local solidarity funds.
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Worth reading before you apply
Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Page last updated ; status and deadline checked . Source: official program page.