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A new wind has been blowing for the past nine months, bringing in its wake positive results. Since October 1, 2015, PME MTL Centre West has redoubled its efforts to serve its territory, with close to $1.5 million in loans and grants being awarded to 24 businesses in the area. This financing from the Fonds PME MTL, FLS Montréal, JE, FDÉS and Créavenir will help generate $11 million in investments and create and maintain 221 jobs.
Team of PME MTL Centre West
Our success stories
MySeat and Circuits Labo pool their expertise thanks to PME MTL Centre West.
For several years, MySeat had been manufacturing its products abroad. A meeting between these two businesses resulted in MySeat relocating its production operations to Saint-Laurent, in the facilities of Circuits Labo, which offered much more advantageous conditions than its previous supplier.
With its exclusive hardware and software suites, MySeat offers innovative solutions for workspace optimization and increased productivity. Its technology was entirely developed in Montreal. The firm entered the market in France in 2013 and in North America in 2014.
Our support for entrepreneurs: An overview of our financing efforts
A $150,000 loan from the Fonds PME MTL and FLS Montréal was granted to Impax Media, a young Mont-Royal business that offers supermarkets a dynamic advertising vehicle as well as a security tool to prevent shoplifting. These funds will serve as working capital and help create eight jobs.
A $100,000 loan from the Fonds PME MTL was granted to Novo 3Bi, a company that designs products and offers advisory services for both Web and traditional marketing. These funds will serve as working capital and help create eight jobs.
Established in Laval in 2013, Novo 3Bi recently set up shop in Ahuntsic, in the Chabanel district, to facilitate employee recruitment.
Mon Paradis Bio
A $25,000 loan from the Fonds PME MTL and FLS Montréal and a $5,000 grant from the Fonds Jeunes Entreprises were awarded to Mon Paradis Bio, an environmentally responsible Ahuntsic-Cartierville company that produces and sells high-quality natural and organic personal care products.
The company also received $10,000 financing from Créavenir, a loan and grant program offered in partnership with Desjardins. These funds will be used for laboratory upgrading, equipment purchases, product development, and advertising and promotion.
Legal Lighthouse Inc.
A $25,000 loan from the Fonds PME MTL and FLS Montréal and a $5,000 grant from the Fonds Jeunes Entreprises were awarded to Droit Phare Inc. / Legal Lighthouse Inc., a digital platform that facilitates access to legal services. These funds will serve as working capital and help create three jobs.
The PME MTL Centre West team persuaded the firm to set up shop on its territory. Legal Lighthouse is currently renting a co-working space at the Saint-Laurent Technohub, which is especially designed for IT startups.
Since 2014, the Vanier Coop has been managing Jake’s Café as well as the cafeteria of Vanier College in Saint-Laurent. When it took charge of running the CEGEP’s bookstore, the Coop turned to PME MTL Centre West to fund part of the project, evaluated at $500,000.
A grant of $25,000 from the Fonds de développement de l’économie sociale was awarded to Vanier Coop to help pay salaries during the implementation phase. Its new mandate will result in the creation of six full-time jobs and many part-time student jobs.
About PME MTL Centre West
The experts of PME MTL Centre West offer support and financial assistance for entrepreneurs and business leaders in the boroughs of Ahuntsic-Cartierville and Saint-Laurent and the cities of Côte-Saint-Luc, Hampstead, Montreal West and Mont-Royal, to help them launch and grow their businesses.