2022-07-19
 
Grant
+
Grant +

The Bourse+ is an annual competition that rewards and promotes 20 Montréal startups that stand out for their innovation, growth potential and achievements with a $20,000 grant + access to an ecosystem of resources and business opportunities. Also benefit from outreach opportunities.

450 volunteer coaches. 1100 alumni. Many partners to support you.
450 volunteer coaches. 1100 alumni. Many partners to support you.

Practical information

Number of calls for projects per year
1
Number of startups awarded
20
Amount of the grant
20,000 (non-dilutive)
Rate
Free
Language of service
French and English

Opening of the 2022 call for applications: November 15

To be notified when the next call for applications opens: sign up for our newsletter.

Personalized services in addition to the $20,000 grant

Rayonnement
Rayonnement Increase your company's visibility and create lasting business relationships.
Access to a business network
Access to a business network 450 coaches to support you in all stages of start-up and growth such as finding financing, talent, business development, growing your business and finding solutions to your issues.
Connection events
Connection events Participate in our events bringing together the business community to forge privileged links with investors, alumni, major companies and partners in the ecosystem.

Eligibility Criteria

Statut
Be incorporated, have its head office on the island of Montreal and be an independent company and not a subsidiary of a larger company.
Profit
Have a for-profit business.
Citizenship
Majority of the company's shares are held by founders who are Canadian citizens or permanent residents.
Team
Be several co-founders or be a single founder, but with the objective of building a team.
Intellectual Property
Hold the rights to use the intellectual property of its product or service, if applicable.

Selection criteria

Innovation (15%)
The solution (product/service) is innovative and original, meets a real need in the market.
Growth potential (15%)
The potential of the project must develop and grow, whether on a regional, national or international level.
Market and commercialization (15%)
Market size, demonstrated traction, marketing strategy.
Team (20%)
The team has complementary skills and experiences related to the project.
Execution capacity (10%)
Demonstrated ability of the team to rapidly grow the project in the last 24 months and in the next 12 months.
Impact (10%)
The positive and negative impacts your project will have on society and/or the environment.
Realism of the project (15%)
Business model, viability of the revenue model, operational feasibility, resources available to achieve your ambition.

Exclusion Criteria

Non-profit projects.
Les entreprises ayant déjà réalisé plus de 1M$ de ventes et/ou ayant obtenu un financement supérieur à 2M$ dans les 12 derniers mois.
Projects of a sexual, religious or political nature.
Illicit or recreational drug related projects (therapeutic drug related projects are considered).
Bar projects.
Student projects: internships and university projects.
Research and development projects.
Self-employed and cooperatives.
Projects whose main activities are outside the territory covered by Startup Montréal.
Recipients who have already received a grant from Startup Montréal (Mtl inc.).

Selection process

Call for projects
Pre-selection of semi-finalists based on eligibility criteria by our team.
Selection of finalists based on evaluation criteria involving ecosystem reviewers.
Selection of the 20 promising startups of the year by a jury of Montréal entrepreneurs.
Unveiling of the 20 Revelation startups of the year.
Granting of grant and access to business network and opportunity services.

Eligibility Criteria

Statut
Be incorporated, have its head office on the island of Montreal and be an independent company and not a subsidiary of a larger company.
Profit
Have a for-profit business.
Citizenship
Majority of the company's shares are held by founders who are Canadian citizens or permanent residents.
Team
Be several co-founders or be a single founder, but with the objective of building a team.
Intellectual Property
Hold the rights to use the intellectual property of its product or service, if applicable.

Selection criteria

Innovation (15%)
The solution (product/service) is innovative and original, meets a real need in the market.
Growth potential (15%)
The potential of the project must develop and grow, whether on a regional, national or international level.
Market and commercialization (15%)
Market size, demonstrated traction, marketing strategy.
Team (20%)
The team has complementary skills and experiences related to the project.
Execution capacity (10%)
Demonstrated ability of the team to rapidly grow the project in the last 24 months and in the next 12 months.
Impact (10%)
The positive and negative impacts your project will have on society and/or the environment.
Realism of the project (15%)
Business model, viability of the revenue model, operational feasibility, resources available to achieve your ambition.

Exclusion Criteria

Non-profit projects.
Les entreprises ayant déjà réalisé plus de 1M$ de ventes et/ou ayant obtenu un financement supérieur à 2M$ dans les 12 derniers mois.
Projects of a sexual, religious or political nature.
Illicit or recreational drug related projects (therapeutic drug related projects are considered).
Bar projects.
Student projects: internships and university projects.
Research and development projects.
Self-employed and cooperatives.
Projects whose main activities are outside the territory covered by Startup Montréal.
Recipients who have already received a grant from Startup Montréal (Mtl inc.).

Selection process

Call for projects
Pre-selection of semi-finalists based on eligibility criteria by our team.
Selection of finalists based on evaluation criteria involving ecosystem reviewers.
Selection of the 20 promising startups of the year by a jury of Montréal entrepreneurs.
Unveiling of the 20 Revelation startups of the year.
Granting of grant and access to business network and opportunity services.

FAQ

What is Bourse+?

Bourse+ is a competition that rewards Montréal startups that distinguish themselves by their innovation, their growth potential and their achievements.

Each year, Startup Montréal coordinates the competition. 20 startups are chosen by the ecosystem’s stakeholders and the selection is made on the basis of the quality of the file.

What is a Laureate?
When you receive a Bourse+, you benefit from these services free of charge:

Local and international exposure;

Access to a network and business opportunities:

  • Network of 450 coaches
  • Network of 1,100 founders
  • Unveiling and connection event (between startups, government representatives, support organizations, VCs/investors, VP C-Level corpos, coaches/mentors, university students, media, rest of the community);
  • Access to our events: the Grand-Messe, the Coulisses du financement, the Soirée Mtl inc.

 

I would like to know what the commitment is to participate in Bourse+.
You must first submit your application online. You can submit it at your own pace before the deadline. The application includes a form, a video and optional documents.

If your project is selected, you will be invited to a pitch to the jury who will evaluate your project. You will need a pitch deck to accompany your oral presentation. The final answer will be shared with you a few days after the meeting with the jury.

How many calls for applications are held each year?
Only one call for projects is offered per year. To be informed when the next call for proposals is issued, sign up for our newsletter.

 

What is the deadline to apply for the 2021 call for applications?
The deadline to apply is January 23, 2022, 11:59 p.m.

 

Can I save my application and come back to it later?
Yes, you can start your application online and submit it at your own pace before the deadline.

 

Is there an age limit for submitting my application?
No. However, you and your associates must have reached the age of majority (18 years old), according to the law in Quebec.

 

What if I live outside of Montreal, but I intend to establish my business in Montreal?
You can apply for a grant if your personal residence is in the Montreal metropolitan area. However, your startup must be established on the island of Montréal.

 

We are several co-founders, can we apply together?
Yes! However, the person who meets all the eligibility criteria should be the main contact.

 

I have not yet obtained my permanent residence, am I eligible?
You can submit your project if the majority of the co-founders are Canadian citizens or permanent residents.

 

Can I get help to complete my application?
Startup Montréal organizes two information sessions followed by a Q&A period to allow you to ask your questions. You can also contact our team after the sessions for more specific or personal questions (info@startupmontreal.com). We will be happy to answer your questions.

 

What documents are required to enter the competition?

  • You must complete the online form
  • Insert the link to your video of max. 3 min. recorded by the co-founders’ team and in which you answer these 3 questions:
    • How has your startup been impacted by the pandemic?
    • What was your biggest challenge and how did you solve it?
    • What makes your startup stand out and why should it get one of the 20 grants?
    • Updated Linkedin profile of each co-founder.
  • Images or diagram explaining your product. *Pitchdeck: Optional for application, but mandatory for finalists.

 

What do you mean by “innovative project”?
Your project must stand out by its originality while meeting a real market need. An innovation is the implementation of a new or significantly improved product (good or service) or process. It is not specific to the product, it can reside in a new marketing method, a new organizational method in the company’s practices, in the organization of the workplace, external relations or other aspects of the business model.

Do not hesitate to contact us if you have any doubts: info@startupmontreal.com.

 

I was not successful in the past, can I reapply?
A project that has been rejected in the past by Startup Montreal could be re-applied for if the project demonstrates a significant change and/or advancement in the business model, or if the application is for a new project. Of course, the team of founders and the project must meet the competition criteria.

 

I took the eligibility questionnaire and I don’t strictly meet the criteria. What can I do?
You can contact our Concierge Service. The team will be happy to direct you to other resources in the ecosystem depending on your situation. You can make an appointment here: https://startupmontreal.com/projets/conciergerie-projet/

On what criteria do we select the 20 most promising Montréal startups?

  • An ambitious entrepreneurial team with complementary talents and experience and a deep knowledge of your industry;
  • An innovative product or service with a scalable business model and a proven market fit;
  • Demonstrated ability to execute: concrete results in the development and marketing of your solution.

 

What is the selection process?
Once the call for applications is closed, eligible projects are analyzed by an external evaluation committee composed of experts from various sectors working in the ecosystem. The finalists will be invited to a pitch followed by a question period before a jury. The jury makes the final selection of the 20 startups that will be awarded a grant. In all, the selection process takes about 7 weeks after the application deadline.

 

How long does it take to get a response after the application deadline?
Projects not selected for the pitch stage will be notified by email 3 weeks after the application deadline.

Successful projects will be invited to present their project to the jury.

The final result will be announced the week of April 11, 2022.

 

My project was not selected at the pre-selection stage, where can I turn?
You can contact us directly at info@startupmontreal.com and we will be able to provide you with additional information and refer you to other resources if needed.

Discover the 2022 cohort

20 ecosystem Revelations startups

Read the article