PME MTL — Innovation Investment Fund

Bringing a new innovation out of the lab and into the market is often where promising Montreal businesses face their biggest financing gap. The PME MTL — Innovation Investment Fund is designed to support startups and small to medium-sized enterprises in Quebec that are ready to test, validate, and commercialize innovative products or services in real-world conditions. Delivered by PME MTL, this repayable financing option focuses on helping local entrepreneurs turn bold ideas into viable commercial opportunities that contribute to Montreal’s economic future.

The fund offers a loan of up to roughly $150,000 to help cover a significant portion of project costs, making it easier to move from development to first sales. Financing can support activities such as piloting an innovation with real customers, validating target markets, preparing for market launch, protecting intellectual property, or developing new markets, including export efforts. The program is often used by early-stage and growing businesses that need flexible capital to prove traction before scaling further, and it can be combined with other PME MTL financing to support larger projects.

For Montreal-based businesses working on innovative solutions and looking for structured financial backing to accelerate commercialization, this fund can play a key role. Reviewing the full requirements and project fit in more detail can help determine whether this opportunity aligns with your growth strategy.