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 →