# PME MTL — Innovation Investment Fund

**Type:** Grant
**Category:** Other Programs
**Funding Amount:** Up to CAD 150,000 CAD
**Eligible Regions:** Quebec
**Official Source:** https://pmemtl.com/en/services/innovations-investment-fund

## About This Program

Loans for projects by Montreal-based businesses

## Details

PME MTL offers a wide range of financing options to encourage business development. This innovation support fund aims to finance innovative projects that have an impact on the Montreal area. The Fonds d'Investissement innovation loan offers up to $150,000, which may not exceed 80% of the total cost of the business project.  The loan can be used to finance the following projects: Testing and trial of innovations in real context, Validation of target markets when developing the innovation, Market launch, Generating the first sales of the innovation, Protecting an innovation through intellectual property rights, Supporting efforts to develop new markets or export an innovation

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