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Bourse+

Give life to your ambitions.

Call for applications closed
Annual competition that rewards and promotes 20 Montréal startups that stand out for their innovation, growth potential and achievements with a $20,000 grant + access to an ecosystem of resources and business opportunities.

Propel your business

Take advantage of the expertise and support network at your disposal: a network of 450 volunteer coaches, 1,100 alumni and ecosystem partners as well as our connection events. Also benefit outreach opportunities.

Practical information

Number of calls for applications per year

1

Number of startups rewarded

20

Amount of the grant

$20,000 (non-dilutive)

Rate

Free

Language of service

French and English

Deadline to apply

Call for applications closed

Announcement date

Week of March 21, 2022

Services

Exposure

Increase your company’s visibility and create lasting business relationships.

Access to a business network

450 coaches to support you in early-stage and growth such as finding financing, talent, business development, growing your business and finding solutions to your challenges.

Connection Events

Participate in Mtl inc. events that bring together the business community to build relationships with investors, alumni, major companies and ecosystem partners.

 

Grant

20,000$ in non-dilutive funding to the 20 most promising startups of the year in Montréal.

Eligibility criteria

Statut

Be incorporated, have its head office on the island of Montréal and be an independent business and not a subsidiary of a larger company.

Profit

Be a for-profit business.

Citizenship

Majority of the shares of the company are held by founders who are Canadian citizens or permanent residents. 

Team

Several co-founders or only one founder, but with the objective of building a team.

Intellectual property

Own the rights to use the intellectual property of their product or service, if applicable.

Sales - Financing

You have made sales (not exceeding $1M) OR you have achieved a financing between $250K and $2M in the last 12 months.

Evaluation criteria

Team (20%)

The team has complementary skills and experience related to the project.

Innovation (15%)

The solution (product/service) is innovative and original. It meets a real need in the market.

Growth potential (15%)

The project has the potential to develop and grow, whether at the regional, national or international level.

Realism of the project (15%)

Business model, viability of the revenue model, operational feasibility, resources available to achieve your ambition.

Market and commercialization (15%)

Market size, demonstrated traction, marketing strategy.

Implementation Capacity (10%)

Demonstrated ability of the team to rapidly grow the project in the last 24 months and in the next 12 months.

Impact (10%)

The positive and negative impacts your project brings to society and/or the environment.

Exclusion Criteria
  • Non-profit projects.
  • Companies that have already achieved more than $1M in sales and/or have obtained more than $2M in financing in the last 12 months.
  • Projects of a sexual, religious or political nature.
  • Illegal or recreational drug projects (therapeutic drug projects are considered).
  • Bar projects.
  • Student projects: internships and university projects.
  • Research and development projects
  • Self-employed workers and cooperatives.
  • Projects whose main activities are outside the territory covered by Mtl inc.
  • Recipients who have already received a grant from Mtl inc.

Preparation and application

1. Consult the Q&A and FAQ
2. Submit your application

Process Bourse+ 2021 Mtl inc.

 

*Optional at this stage, but mandatory for finalists: pitchdeck.

3. Ask us your questions

You can also submit your individual questions to info@montrealinc.ca.

Selection process

1

Call for projects.

2

Pre-selection of semi-finalists based on eligibility criteria by the Mtl Inc. team.

3

Selection of the finalists based on the evaluation criteria involving evaluators from the ecosystem.

4

Selection of the 20 promising startups of the year by a jury of Montréal entrepreneurs

5

Announcement of the 20 winning startups of the year. 

6

Awarding of grants and access to business networks.

FAQ

The Bourse+ service

What is Grant+?

Grant+ is a competition that rewards Montréal startups that shine by their innovation, their growth potential and their achievements.

Each year, Mtl inc. coordinates the competition. 20 startups are chosen by the partners of the ecosystem and the selection is made on the basis of the quality of the file.

What is a Mtl inc. Laureate?

When you receive a Grant+, you benefit from these services free of charge:

Local and international exposure ;

Access to a network and business opportunities:

  • – Network of 450 coaches
  • – Network of 1,100 founders
  • – Announcement and connection event (between startups, government representatives, support organizations, VCs/investors, VP C-Level corpos, coaches/mentors, university students and media);

Access to our events: the Grand-Messe, the Coulisses du financement, the Soirée Mtl inc.

 

I would like to know what the commitment is to participate in Grant+.

You must first submit your application online. You can submit it at your own pace before the deadline. The application includes a form, a video and optional documents.

If your project is selected, you will be invited to a pitch to the jury who will evaluate your project. You will need a pitch deck to accompany your oral presentation. The final answer will be shared with you a few days after the meeting with the jury.

Eligibility and application

How many calls for applications are organized per year?

Only one call for applications is offered per year.

 

What is the deadline to apply for the 2021 call for applications?

The deadline to apply is January 23, 2022, 11:59 p.m.

 

Can I save my application and come back to it later?

Yes, you can start your application online and submit it at your own pace before the deadline.

 

Is there an age limit for submitting my application?

No. However, you and your associates must have reached the age of majority (18 years old), according to the law in Québec.

 

What if I live outside of Montréal, but I intend to establish my business in Montréal?

You can apply for a grant if your personal residence is in the Montréal metropolitan area. However, your startup must be established on the island of Montréal.

 

We are several co-founders, can we apply together?

Yes! However, the person who meets all the eligibility criteria should be the main contact.

 

I have not yet obtained my permanent residence, am I eligible?

You can submit your project if the majority of the co-founders are Canadian citizens or permanent residents.

 

Can I get help to complete my application?

Mtl inc. is organizing two information sessions followed by a Q&A period to allow you to ask your questions (mettre le lien des deux sessions pour inscription). You can also contact our team after the sessions for more specific or personal questions (info@montrealinc.ca). We will be happy to answer your questions.

 

What documents are required to enter the competition?

  • You must complete the online form
  • Insert the link to your video of max. 3 min. recorded by the co-founders’ team and in which you answer these 3 questions:
    • How has your startup been impacted by the pandemic?
    • What was your biggest challenge and how did you solve it?
    • What makes your startup stand out and why should it get one of the 20 grants?
  • LinkedIn profile of each co-founder
  • Images or diagrams explaining your product.

*Pitchdeck: optional for application, but mandatory for finalists.

 

What do you mean by “innovative project”?

Your project must stand out by its originality while meeting a real market need. An innovation is the implementation of a new or significantly improved product (good or service) or process. It is not specific to the product, it can reside in a new marketing method, a new organizational method in the company’s practices, in the organization of the workplace, external relations or other aspects of the business model.

Do not hesitate to contact us if you have any doubts: info@montrealinc.ca.

 

I was unsuccessful in the past, can I reapply?

A project that has been rejected in the past by Mtl inc. may be eligible for a new application if the project demonstrates a significant change and/or advancement in the business model, or if the application is for a new project. Of course, the team of founders and the project must meet the competition criteria.

 

I took the eligibility questionnaire and I don’t strictly meet the criteria. What can I do?

You can contact the Concierge service offered by Bonjour Startup Montréal. The team will be happy to direct you to other resources in the ecosystem depending on your situation. You can make an appointment here: https://www.bonjourstartupmtl.ca/en/our-projects/the-concierge-service/

Project selection

On what criteria do we select the 20 most promising Montréal startups?

  • An ambitious entrepreneurial team with complementary talents and experience and a deep knowledge of your industry;
  • An innovative product or service with a scalable business model and a proven market fit;
  • Demonstrated ability to execute: concrete results in the development and marketing of your solution.

What is the selection process?

Once the call for applications is closed, eligible projects are analyzed by an external evaluation committee composed of experts from various sectors working in the ecosystem. The finalists will be invited to a pitch to a jury followed by a question period. The jury makes the final selection of the 20 startups that will be awarded a grant. The selection process takes about 7 weeks after the application deadline.

 

How long does it take to get a response after the application deadline?

Projects not selected for the pitch stage will be notified by email 3 weeks after the application deadline.

Successful projects will be invited to present their project to the jury.

The final result will be announced the week of March 21, 2022.

 

My project was not selected at the pre-selection stage, what can I do?

You can contact us directly at info@montrealinc.ca and we will be able to provide you with additional information and refer you to other resources if needed.