The city is funding 7 organizations to support startups and nonprofits

Published June 16, 2023 - 8:00 am
Last updated June 16, 2023 - 8:33 am

The city is awarding more than $3.58 million to organizations that offer coaching to new startups and social economy enterprises. This assistance will help develop entrepreneurship and innovation, which are essential to the city’s growth.

Organizations selected 

CTS Santé

CTS Santé aims to support 30 startups in the medical technology and digital health sector, specifically in the areas of clinical validation, commercialization, market penetration strategies, and product development.

HEC Montréal

HEC Montréal offers resources to launch a business project in cybersecurity, retail or online trade to 45 owners of a diverse and inclusive company.

MTLab

MTLab offers 3 programs that can support up to 50 startups per year. Financing helps complete the organization’s offer by structuring assistance to former incubator cohorts to ensure their continued growth.

Zù

Zù offers a new continuous coaching service for a minimum of one year to 90 startups in the cultural, creative and entertainment industries, based on the proven method developed by the Massachusetts Institute of Technology (MIT).

Maison de l’innovation sociale

With its Civic Incubator, the Maison de l’innovation sociale helps up to 60 teams of residents, collectives and small NPOs jump-start projects with a strong potential to exert a positive social impact. Assistance also helps strengthen outreach, linkage and support activities undertaken by winners in the last 5 years of the program.

Réseau Coop

Réseau Coop aims to implement its action plan and expand its continuum of services by offering collective entrepreneurship awareness, startup support and continuing professional development activities to social economy co-operatives and NPOs. It plans to reach 450 organizations over a period of 3 years.

Microcrédit Montréal

Assistance offered to Microcrédit Montréal will facilitate access to capital and the development of competencies among entrepreneurs who have difficulty accessing traditional funding networks, notably immigrants, people from ethnocultural communities, and women.

These investments, made possible thanks to the Montréal Reflex Framework Agreement with the government of Québec, are among the objectives set out in the city’s Montréal 2030 Strategic Plan, which aims to:

  • Support innovation and creativity in the business community with the objective of fostering greater economic resilience and generating prosperity.
  • Develop a greener and more inclusive economy, specifically by supporting the social economy.

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