Call for Projects - Social Economy Fund

PME MTL Ouest-de-l'Île’s Fonds de développement de l’économie sociale is a financial lever to help bring social economy projects to fruition.

With subsidies of up to $50,000, PME MTL Ouest-de-l'Île’s FDÉS (Fonds de développement de l'économie sociale) supports businesses with projects aimed at reviving the social economy of the West Island.

The deadlines for receipt of projects are:

  • July 1, 2022
  • March 31, 2023

The specific terms and conditions of the call for projects are described below.

Financial Support

A subsidy of up to $50,000 granted to the business or organization

Eligibilible Organizations

To be eligible for a subsidy from the Fonds de développement de l’économie sociale, a business must meet the following conditions:

  • Be a social economy enterprise or a non-profit organization (NPO) or cooperative with a social economy project, such as a community centre.
  • Business stages: pre-launch, launch, growth, consolidation
  • Be headquartered on the territory covered by PME MTL Ouest-de-l'Île. See the cities and boroughs served here
  • Have a formal entrepreneurial approach
  • Have self-generated revenue from the sale of goods or services representing 20% of its annual revenue
  • Show an ability to create or maintain jobs
  • Invest at least 20% of the total project cost

1 - The accepted legal forms are a non-profit legal person and a cooperative. A sole proprietorship, commonly called a self-employed worker, is not eligible for the fund.

Eligible Projects

Projects eligible for a FDÉS subsidy must aim to revive the social economy of the West Island. More specifically, we are looking for projects with a view to:

  • Start a social economy project
  • Diversification of the commercial offer (product or service)
  • New marketing techniques
  • Diversification of income sources

Assessment Criteria

All eligible projects will be assessed within six weeks of the deadline set for each call for projects, based on the following criteria:

  • Meeting the needs of the community
  • Economic and social benefits (jobs, community outreach, etc.)
  • Experience and skills related to the project
  • Project management
  • Internal employee training
  • Cost structure and project financing
  • Overall project quality

Application Analysis

The social economy committee will analyze the applications according to the following criteria:

  • Clarity of the problem addressed
  • Relevance of the project to the objectives of the business
  • Quality and relevance of the project implementation plan (details of objectives, stages, activities and expected results)
  • Proposed methods for monitoring and measuring the impact of the project
  • Governance and financial practices of the organization
  • Budget details and justification of the amount applied for
  • Potential for reproducibility or sustainability of the project
  • Overall project quality

Submission of Applications and Required Documents

  • Business plan
  • Letters patent
  • Up-to-date list of members of the board of directors
  • Activity report for the past year, if applicable
  • Financial statements for the last two completed financial years
  • Financial projections for the current year and the following year
  • Resolution

Selection Process

Step 1: Receipt of projects and assessment

Applications must reach PME MTL Ouest-de-l'Île no later than Friday, July 1 at 4:30 p.m. and Friday, March 31, 2023 at 4:30 p.m.

Step 2: Deliberation

Members of the social economy committee will choose the businesses that will receive a subsidy

Step 3: Announcement of selected projects

The selected projects will be announced via a press release. Subsidy recipients will be photographed during the presentation ceremony.

PME MTL Ouest-de-l'Île reserves the right to publicly distribute the photos for promotional purposes.

Application Submission Form →

PME MTL
Ouest-de-l'Île

1675, Transcanadienne

Bureau 301

Dorval, Québec, H9P 1J1

514 426-2888
Follow us