How much funding can be received?

Funds up to 250000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Aboriginal Entrepreneurship Program — Access to Capital?

Aboriginal Entrepreneurship Program — Access to Capital is funded by National Aboriginal Capital Corporation Association (NACCA)

What are Aboriginal Entrepreneurship Program — Access to Capital's eligibility criterias?

Indigenous individuals, including businesses owned and controlled by Indigenous Peoples. Indigenous organizations and associations, except those with charitable or religious purposes.

Aboriginal Entrepreneurship Program — Access to Capital

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Canada

Financial support for Indigenous entrepreneurs

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Grant and Funding

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National Aboriginal Capital Corporation Association (NACCA)

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Get a non-repayable contribution of up to $99,999 for business planning, acquisitions, expansion, domestic or export marketing, new product or process development, introducing new technologies and more.

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This grant program provides financial support through direct funding avenues designed to enhance entrepreneurial ventures for Indigenous communities in Canada. The financing modalities aim to accommodate various business needs and support efficient capital utilization.

Non-repayable equity contributions for businesses to start, expand, or acquire a venture.
Funding available up to $99,999 for individual Indigenous entrepreneurs.
Funding up to $250,000 for eligible Indigenous community businesses.
Support covering costs related to borrowing and operational expenses for lenders.

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The Aboriginal Entrepreneurship Program provides funding to support Indigenous entrepreneurs and businesses in starting, expanding, or acquiring a business. It aims to enhance access to capital through various financial institutions across Canada.

Providing financial assistance for starting a new Indigenous-owned business.
Expanding existing Indigenous businesses by improving operations or increasing capacity.
Acquiring businesses to transition them into Indigenous ownership.

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$ 70,000

Expansion of Indigenous-owned eco-tourism business

$ 80,000

Launching a new Indigenous-owned organic farm

$ 60,000

Creating an Indigenous entrepreneurship training program

$ 60,000

Developing a digital marketing platform to support local Indigenous artisans

$ 70,000

Acquiring an Indigenous-owned retail store for community-made crafts

$ 50,000

Starting an Indigenous health food store

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Eligibility for the Aboriginal Entrepreneurship Program: Access to Capital is available to certain Indigenous individuals and organizations. Here are the criteria:

Indigenous individuals, including businesses owned and controlled by Indigenous Peoples, are eligible to apply.
Indigenous organizations and associations, except those with charitable or religious purposes, can also apply.

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Eligible recipients include Indigenous individuals, including businesses owned and controlled by Indigenous Peoples, and Indigenous organizations and associations (except those with charitable or religious purposes). Funding can be accessed through Indigenous Financial Institutions and Métis Capital Corporations across Canada. Eligibility varies between IFIs and MCCs. Consult with your local IFI or MCCs to see if you are eligible.

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Some types of companies that are not eligible for this grant include:

Indigenous organizations and associations with charitable or religious purposes

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The Aboriginal Entrepreneurship Program's Access to Capital stream supports Indigenous entrepreneurs by providing financial backing and business services. Eligible projects include starting a new business, expanding existing operations, or acquiring businesses by Indigenous owners.

Start a new business venture by Indigenous entrepreneurs.
Expand current Indigenous-owned business operations.
Acquire a business by an Indigenous owner.

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There are evaluation and selection criteria for this grant:

Demonstrated need and estimated budget of the business proposal
Scope of the business proposal
Eligibility of the applicant as an Indigenous individual or organization

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Identify Local IFI or MCC

Research and locate your local Indigenous Financial Institution (IFI) or Métis Capital Corporation (MCC).
Consult the National Aboriginal Capital Corporations Association website to find a comprehensive list of IFIs and MCCs.

Initial Contact

Reach out to the identified local IFI or MCC to express your interest in applying for the grant.
Inquire about specific eligibility criteria and application requirements as they may vary between institutions.

Prepare Application

Gather necessary documentation, which may include business plans, financial statements, and relevant certifications or permits.
Complete any preliminary assessments or worksheets provided by the IFI or MCC.

Submit Application

Submit your completed application and all supporting documents directly to your local IFI or MCC as per their submission guidelines.
Ensure all parts of your application meet the requirements outlined by the institution.

Follow-Up

Maintain communication with the IFI or MCC for any updates or requests for additional information.
Prepare for any interviews or further assessments if required by the institution.

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Here are additional relevant details for this grant:

The program is administered by the National Aboriginal Capital Corporations Association (NACCA) across Canada through a network of Indigenous Financial Institutions (IFIs) and Métis Capital Corporations (MCCs).
Funding available under the program includes both a non-repayable equity contribution and support for lending costs to enhance access to capital.
Individual Indigenous entrepreneurs can receive up to $99,999, while community businesses can receive up to $250,000 in funding assistance.
The amount of funding approval is dependent on the scope, demonstrated need, and estimated budget of the proposal.
The program extends to First Nations, Inuit, and Métis businesses across Canada, enhancing their access to capital.