Aboriginal Business Investment Fund
AB, Canada
Funding for Alberta Indigenous community development
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Government of Alberta
- Ministry of Indigenous Relations (AB)
grant_single|status
grant_card_status|closed
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If your organization is Indigenous community-owned, get a grant between $150,000 and $750,000 to cover the costs of an economic development project that has long-term viability for the community.
grant_single_labels|projects
Projects eligible for the Aboriginal Business Investment Fund grant include:
- Indigenous community-owned economic development projects
- Projects close to starting operations or breaking ground within the funding year
- Projects that increase the number of Indigenous community-owned businesses
- Projects that create or increase employment opportunities for Indigenous Peoples
- Projects that strengthen the economies of Indigenous communities
grant_single|admissibleProjectsExample
$550,000
Calgary
Establishing a community-owned renewable energy facility in Calgary.
$500,000
Vancouver
Expanding Indigenous-owned cultural tourism business in Vancouver.
$600,000
Toronto
Building an agro-tourism facility on community-owned farmland in Toronto.
$700,000
Halifax
Setting up a community-owned fish processing plant in Halifax.
$500,000
Montreal
Launching a community-owned artisan cooperative in Montreal.
$700,000
Edmonton
Establishing a community-owned lumber mill in Edmonton.
grant_single_labels|admissibility
The eligibility criteria for this grant are:
- Indigenous communities in Alberta or corporate entities owned by Indigenous communities located in Alberta are eligible
- Communities must own and control 51% or more of the proposed business or joint venture
- Corporate entities must be in good standing
- Applicants must be in compliance with the terms and conditions of any previous Indigenous Relations funding
- An Indigenous community may submit only one ABIF application in any given funding year
grant_eligibility_criteria|who_can_apply
Eligible applicants for the Aboriginal Business Investment Fund grant include Indigenous communities in Alberta or corporate entities owned by Indigenous communities located in Alberta:
- Communities must own and control 51% or more of the proposed business or joint venture.
- Corporate entities must be in good standing.
- Applicants must be in compliance with the terms and conditions of any previous Indigenous Relations funding.
- An Indigenous community may submit only one ABIF application in any given funding year.
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include:
- Equipment purchases
- Construction or improvement of buildings
- Other infrastructure costs
grant_single_labels|criteria
There are evaluation and selection criteria for the Aboriginal Business Investment Fund (ABIF) grant:
- Community benefits
- Management risk
- Industry risk
- Financial risk associated with each project
grant_single_labels|register
- Step 1: Read the guidelines
- Review the program’s terms and conditions.
- Step 2: Complete your application package
- Fill out the ABIF Grant Application Form with project details.
- Provide a comprehensive business plan.
- Demonstrate community support for the project.
- Include supporting documentation to back the project viability.
- Step 3: Submit the application package
- Submit 1 electronic copy of the complete application package to the specified email address.
Apply to this program
Aboriginal Business Investment Fund Grants Overview
Aboriginal Business Investment Fund (ABIF) Grants:
The Aboriginal Business Investment Fund (ABIF) is a funding program in Alberta that supports Indigenous community-owned economic development projects. The grants range from $150,000 to $750,000 and can cover capital costs such as equipment purchases, construction, or infrastructure improvements. By providing financial assistance, the ABIF aims to enhance social and economic outcomes for Indigenous Peoples, increase employment opportunities, create local revenue streams, and bolster the economies of Indigenous communities.
Eligible applicants include Indigenous communities in Alberta or corporate entities owned by Indigenous communities within the province. The applicants must demonstrate community support for the project, managerial capacity, and a viable business plan. The ABIF grant application process involves submitting a comprehensive business plan, community support documentation, and other relevant materials for evaluation by the Indigenous Relations department.
The funding decisions are based on a thorough review process, considering factors like potential economic benefits, sustainability, and alignment with program priorities. Successful projects receive grants based on their eligible costs and the availability of funding. Applicants are encouraged to request the minimum amount required for project success. If awarded, recipients must provide reports on project outcomes and may be subject to follow-ups to assess effectiveness and progress.
