Open Innovation Subsidy Program for Start-up Companies (Ville de Montréal)
Montreal municipal grant for startups developing innovative products via collaboration with partner organizations.
About this program
The Ville de Montréal's Open Innovation Subsidy Program matches Montreal startups with partner organizations (public agencies, large enterprises) on pilot projects involving innovative products or services. The startup must remain the owner of all rights associated with adaptations made to the innovative product. Eligible expenses include staff remuneration, professional fees (legal, research, accounting), software/data processing development services. First instalment is 60% of maximum estimated subsidy. The city may request reimbursement if the startup moves out of Quebec, is acquired, or sells product rights within a year of project end.
Eligibility
Startups with head office in one of Montreal's boroughs or neighboring municipalities, in start-up phase or operating fewer than 5 years, with team of at least 2 full-time, annual sales ≤$2M, majority Canadian/PR/CSQ ownership. Must have partner organization with minimum financial contribution.
Requirements
- Head office in Montreal borough or neighboring municipality
- Operating fewer than 5 years
- Team of at least 2 full-time people