Grant+

 

Grant+

Every year, Fondation Montréal inc. awards fifty Grant+ in amounts between $5,000 and $30,000 to innovative Montréal businesses that show high growth potential.    A Grant+ is awarded with lifetime access to all the à la carte services offered by the Fondation — coaching, mentoring, business referral, training/workshops, co-development groups, and several networking activities with recognized entrepreneurs and business community professionals.  There are three drafting rounds every year, occuring in February, April, and October.


 

Are you ready to submit your application eligible for grant+?

Preparatory kit

Webinar: how to obtain the Montréal inc. Grant+? > Rewatch the last webinar on Youtube (In French with bilingual Q&A)

Are you eligible for grant+?

Eligibility Criteria

AGE 18 – 35 
Be 18 to 35 years of age 
inclusive.
 
EXERCISE AT LEAST 50% CONTROL OF THE COMPANY
 
USE OF TIME

Devote 100% of their time to their business project

RESIDE IN GREATER MONTRÉAL 

Reside in the territory of the communauté métropolitaine de Montréal

HEAD OFFICE 
Established on the Island of Montréal
 
CITIZENSHIP
Be a Canadian citizen or a permanent resident or hold the Québec selection certificate
STARTUP PHASE  
Be ready for market in the short term or have started sales recently

+Info

 

Will you be among the 50 selected companies?

Evaluation criteria

 

INNOVATION   
Innovative project

+Info

JOB CREATION
The number of jobs potentially created within 3 to 5 years.
 
GROWTH POTENTIAL 
Capacity to extend sales and operations

+Info

ENTREPRENEUR
Team, training, experience, entourage, expertise

 

MARKET
Market analysis, the 
competition’s offering, 
competitive advantage, 
marketing strategy
 
PROJECT REALISM 
The financial aspect, the 
business and operational process

What applications are excluded?
Exclusion Criteria

  • Non-profit projects
  • Projects rejected in the past
  • Project of a sexual, religious or political nature
  • Projects related to illicit or recreational drugs (projects related to therapeutic drugs are considered)
  • Bar or discotheque projects
  • Student projects: internships and university projects
  • Research and development projects
  • Self-employed workers
  • Projects for which the main value-added activities are outside the territory covered by Fondation Montréal inc. 

La Zone Montréal inc.

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. 
N.B.: 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.

 

Drafting Rounds

La Fondation Montréal inc. is perpetually looking for talented entrepreneurs who will lead their business to success. Every year, the Fondation launches three Drafting Rounds, during which the eligible candidates can submit their application. Next deadline will be help on April 27, 2018.

N.B.: The application submitted during a drafting round are processed only after its deadline. You will not receive any response before the deadline. The same project may be submitted only once. 

 

What documents must I submit?

All these documents must be completed and attached to your application.

1.  A business plan

2.  A financial summary

3.  A  personal financial statement

4.  Your resume

5.  Your 3-year projected financial forecasts

 

What are the next steps?

1.     Make sure you meet all the  eligibility criteria.

2.     Consult our  Preparatory Kit to maximize your chances.

3.     Have all the  required documents in hand (listed above).

4.    Submit your application, attaching all the required documents.

 

How is the selection process conducted?

The selection process is spread over approximately 11 weeks.   Once a drafting round has ended, the application submitted during the round will be processed as follows.  

Step 1: reception of applications and pre-screening (4 weeks)

Fondation Montréal first does a pre-screening of all applications it received, verifying that all applications are completed and presented by eligible candidates.  Once a first read of all applications is completed, Fondation Montréal inc. convenes pre-selected candidates for a short introduction meeting at its head office.

Step 2: interview with selected candidates (4 weeks)

Following the short meeting with the pre-selected candidates, Fondation Montréal inc. selects the best candidates to move forward in the process.   At the same time, it communicates with candidates who have not been selected.  The selected candidates are convened for an evaluation interview, led by a dyad of evaluators (experience business volunteers), which lasts 1 hour.

Step 3: recommandations of the Grant Attribution Committee (2 weeks)

Following the evaluation interviews with the dyads of evaluators, Fondation Montréal inc. presents its recommandations to the Grant Attribution Committee, which purpose is to officially approve the awarding of the grants.  This committee is formed by members of the board.

Step 4: official announcement (2 weeks)

Once the Grant Attribution Committee has rendered its final decision, Fondation Montréal inc. officially communicates with the selected candidates to share the good news.  These candidates, now laureates, are then invited to a celebratory welcome event to meet with the Fondation's team and discover what the next steps are.

Here are some laureates of Fondation Montréal inc.

Dax Dasilva

Lightspeed

Mélanie Heyberger

Le Coffret de Rachel

Phil Cutler

GradeSlam

Hicham Ratnani

Frank + Oak

Mohamed Hage

Les Fermes Lufa

Bastien Poulain

1642 Sodas

Mariève Ducharme

Nüvü Caméra


Philippe Poirier

Wilder & Harrier