Atuqtuarvik Corporation Financing
- Open continuously
Overview
Access loans and equity investments ranging between $150,000 and $3,000,000 for your Inuit-owned business.
At a glance
Funding available
- Increase social or community impact
- Complete an acquisition or business transfer
- Develop workforce skills
- Maximum amount : 3,000,000 $
- Minimum amount : 150,000 $
- Open continuously
Eligible candidates
- All industries
- Nunavut
- For-profit business
- All revenue ranges
- All organization sizes
- Indigenous Peoples
Next steps
Activities funded
This grant offers support for Inuit-owned businesses focused on economic growth and development within Nunavut. Eligible projects include initiating new businesses, expanding existing operations, or acquiring businesses that are commercially viable and beneficial to Inuit communities.
- Business start-up initiatives within Nunavut.
- Expansion of existing Inuit-owned businesses.
- Acquisition of businesses that aid in enhancing Inuit economic participation.
Eligibility
Who is eligible?
Atuqtuarvik Corporation targets Inuit-owned businesses looking to start, expand, or acquire operations based in Nunavut, with the aim of benefiting Inuit communities through job creation, training, and social improvements.Who is not eligible
In the context provided, there are no explicit details about specific companies or industries that are not eligible for this grant. The focus is primarily on eligibility criteria rather than exclusions.
Eligible expenses
The Atuqtuarvik Corporation grant program focuses on enhancing economic opportunities for Inuit in Nunavut by supporting business initiatives that are both viable and beneficial to the community. The eligible projects contribute to business start-up, expansion, and acquisition, thereby fostering Inuit job creation and social improvements.
- Initiatives aimed at starting new businesses in Nunavut.
- Projects focused on expanding existing Inuit-owned businesses.
- Acquisition projects that enhance Inuit business ownership and participation in economic activities.
Eligible geographic areas
This grant is specifically targeted at Inuit-owned businesses located within the Nunavut region. It aims to enhance economic opportunities and benefits for the Inuit community in this geographical area.
- Nunavut, Canada
Additional information
Here are additional relevant details for the Atuqtuarvik Corporation grant application process:
- Applicants must provide written authorization for Atuqtuarvik Corporation to verify the information provided through contact with bankers, accountants, and other third parties.
- The application process requires the payment of an administrative fee before the due diligence can be completed.
- Authorization may also be required for Atuqtuarvik Corporation to access the applicant's CRA account for verification purposes.
- Applications are processed by the Credit Department before a recommendation is made to the Board of Directors.
- Application evaluations consider both minority and majority Inuit ownership stake when assessing loan and equity investment amounts.
Contacts
Frequently Asked Questions about the Atuqtuarvik Corporation Financing Program
What is the Atuqtuarvik Corporation Financing?
How much funding can be received?
Who is eligible for the Atuqtuarvik Corporation Financing program?
What expenses are eligible under Atuqtuarvik Corporation Financing?
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Where is the Atuqtuarvik Corporation Financing available?
Is the Atuqtuarvik Corporation Financing a grant, loan, or tax credit?
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