Am I eligible ? fr

Eligibility and Selection

Mtl inc. awards grants of up to $30,000 to young and innovative businesses with strong growth potential, without taking equity. Laureates also obtain lifetime access to Mtl inc.’s services. Projects are evaluated twice a year, in February and September. Decisions are made after a 10 weeks selection round.

Eligibility criteria

Age

You must be aged between 18 and 35.

Sharing

You must have de facto control of the company. You and other eligible candidates must own at least 50% of voting shares.

Occupation

You must dedicate 100% of your time to your business project.

Location

You must reside in Greater Montréal, and your head office must be located on the Island of Montréal or in the South Shore.

Citizenship

You must be a Canadian citizen or permanent resident, or hold a Quebec Selection Certificate.

Startup

You must be market-ready in the short term, or have started sales recently. If no sales have been made, you may present a product, a proof of prototype, a validated service, or the result of your MVP.

Selection criteria

Innovation

Project’s capacity to meet a real need; originality or innovative aspect of the concept; competitive advantage of the product or service.

Job creation

Project’s capacity to create jobs over a 3-to-5-year horizon and number of positions potentially created.

Growth potential

Capacity to extend sales and operations. For example: export potential, creation of branches, subsidiaries or franchises within 3 to 5 years.

Co-founding team

Profile of the team and its circle (competence and experience). Ability to take risks and move to action. The entrepreneurial vision should be clear and determined.

Market

Analysis of the market and the competition, competitive advantage, state of the validation process, commercialization strategy.

Realism of the project

Viability of the revenue model, financial forecasts and project costs; capacity to implement and deliver the project; analysis of legal aspects.

Exclusion criteria
  • Non-profit projects
  • Projects rejected in the past
  • Projects of a sexual, religious or political nature
  • Projects related to illegal or recreational drugs (projects related to therapeutic drugs are considered)
  • Bar 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 Mtl inc.
« Being a Mtl inc. Laureate means being part of the select club of the next generation of Montreal entrepreneurs. It means having a network of very accessible peers and professionals who share contacts and expertise. Montréal inc. is an important advantage in our company’s growth and success. »

JP Desjardins, The Wallrus - Lauréat 2013

Frequently Asked Questions

Can I submit an application if I am under 18 or over 35 years of age?

No. Entrepreneurs who submit an application for the Grant+ must be aged between 18 to 35 at the time of the review of their application.

What if I don't live in Montreal but intend to launch my business in Montreal?

An entrepreneur holding 50% or more of the equity in the business and who submits a candidacy for Grant+ must meet all the eligibility criteria, including residence in Greater Montréal. The head office must be located on the Island of Montréal or in the South Shore. See the Montreal metropolitan community territory.

I am over 35 years old, but my business partner is under 30 years old, can we participate?

To be eligible for the Grant+, an entrepreneur must meet all the eligibility criteria. In the above example, your business partner would need to possess 50% or more of the shares as well as meet the other eligibility criterias.

I do not have my permanent residency yet. Am I eligible?

You are eligible if you have a Certificat de sélection du Québec, but you may only receive the grant if you are a permanent resident.

I want to work for myself, am I eligible?

We do not accept self-employed candidates because we look for business that will create jobs, more specifically at least 3 jobs in the first 2 years of launching.

What documents are required?

A business plan, a financial summary, 3-year projected financial statements, a personal Financial Statement and a profesionnal resume. See the How to apply section.

What does the business plan need to include?

The information that is ideal to include in your business plan are on this document in the How to apply section of this website.

I am launching a cooperative, am I eligible?

If your cooperative is for profit, the majority of the members are between 18 and 35 years old and they reside in Montreal, yes you are eligible.