PME Fund


Twice a year startups have the opportunity to receive funding via the PME fund. Funding rounds are held in March and in October. Here’s what happens if you become a PME funded business:

The overall goal of the PME fund is to help startups take off. Startups arrive at ProMontreal in different stages. Some are ideas while others have been launched for two years. But whatever stage a Startup is at when they arrive, our goal is to help them to be in dramatically better shape than when they arrived. The program lasts for 6 years or for as long as the balance of the loan is paid in full.

Throughout the duration of the Program, we have a close and intense relationship with our startups. We help them grow in a variety of ways, but the approach is unique as it is specific to the needs of the individual Startup we are working with. The PME Manager provides coaching, access to PME mentors, introductions to other funds/ investors and information on upcoming opportunities (contests, grants etc.).

In order to qualify for the PME Fund, the following criteria must be met:

  • The majority Shareholder(s) of the start-up must be a member(s) of the Jewish Community.
  • The majority Shareholder(s) of the start-up must be 18 or older.
  • The majority Shareholder(s) of the start-up must have Canadian citizenship or permanent resident status in Canada.
  • The applicant must reside in the greater Montreal area.
  • The applicant must be a registered member of ProMontreal Entrepreneurs.  
  • The start-up business must be based in the greater Montreal area and in operation for less than two years.  
  • The applicant must have two letters of reference.  
  • The applicant must submit the following: a PME Fund application form, a CV, a business plan including three-year cash flows, income statements and balance sheets, and a detailed list of the required funds and uses.  
  • The applicant must be willing to supply any additional information upon request.  
  • The applicant must personally present and explain his/her business plan to the ProMontreal Entrepreneurs Board.  
  • The applicant must respect the deadlines for submission.  
  • The applicant must provide the Program Manager of ProMontreal Entrepreneurs a recent credit bureau report from Equifax or Trans Union.