BDIC-NWT — Working Capital Guarantee

The BDIC-NWT — Working Capital Guarantee, now under the banner of Prosper NWT, aims to provide essential financial support to businesses in the Northwest Territories. However, specific financing modalities for this grant are not detailed in the provided information.

Eligibility for the digital projects grant provided by Prosper NWT requires meeting certain business criteria.

• The business must be located in the Northwest Territories (NWT).
• The business must be seeking to adopt new digital technologies, enhance its online presence, or digitalize operations.
• The business should demonstrate how the proposed digital project will benefit its operations and contribute to its growth.

Who is eligible?

Who is not eligible

Some types of companies may not be eligible for this grant. For example, companies engaged in illegal activities or those outside the Northwest Territories may not qualify for funding.

• Companies engaged in illegal activities
• Companies located outside the Northwest Territories

Eligible expenses

This grant supports NWT businesses in enhancing their digital capabilities. It includes activities focused on adopting new digital technologies, improving online presence, and digitalizing operations.

• Adoption of new digital technologies by businesses.
• Enhancement of a business's online presence.
• Digitalization of business operations.

Eligible geographic areas

This grant is available to companies within the geographical area specified by the funding organization, Prosper NWT. Businesses located in the Northwest Territories of Canada are eligible to apply.

• Companies operating within the Northwest Territories (NWT), Canada.

There are evaluation and selection criteria for the Prosper NWT grants. Applicants will be evaluated based on the following criteria:

• Relevance of the project to advancing digital technologies or enhancing online presence.
• Demonstrated need for digital support and potential impact on the business.
• Feasibility and sustainability of the digital project.
• Potential for innovation and growth through digitalization.

Here are additional relevant details for this grant:

• Potential applicants should consider the availability of digital advisors to assist with their digital projects, which can provide valuable guidance and support.
• The support for digital projects includes grants and contributions, indicating a possible requirement for matched funding or cost-sharing from the business.