BDIC-NWT — Working Capital Guarantee
NT, Canada
Loan guarantee for Northwest Territories businesses
grant_single|update January 24, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Other Support
Expert Advice
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Business Development and Investment Corporation
- Government of the Northwest Territories
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get an irrevocable standby letter of credit to help you secure working capital financing from your bank.
grant_single_labels|terms_and_conditions
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.
grant_single_labels|projects
This grant offers funding to Northwestern Territories businesses for enhancing their digital capabilities. Eligible projects include initiatives aimed at integrating new digital technologies and improving online presence.
- Adoption of new digital technologies for business operations.
- Enhancement of business online presence through digital tools.
- Digitalization of business operations for increased efficiency.
grant_single|admissibleProjectsExample
$ 14,000
Digital transformation of a local bookstore to include online sales and inventory management
$ 15,000
Upgrade an environmental organization's data management system for better research and tracking
$ 14,000
Digitize physical records for a non-profit organization's historical archives
$ 14,000
Implement CRM software to improve customer relationship management at an accounting firm
$ 14,000
Automate production scheduling for a local artisanal coffee roaster
$ 12,000
Develop e-commerce website for a local cooperative selling indigenous crafts
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
Businesses located in the Northwest Territories (NWT) that are seeking support for digital projects can apply for these grants. This includes businesses of varying sizes aiming to adopt new digital technologies, improve their online presence, or digitalize their operations.
grant_eligibility_criteria|who_cannot_apply
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
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
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.
grant_single_labels|criteria
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.
grant_single_labels|register
- Step 1: Review Eligibility Criteria
- Confirm your business is located in the Northwest Territories and meets eligibility for digital support programs.
- Identify digital projects that align with the program objectives, such as adopting new digital technologies or digitalizing operations.
- Step 2: Gather Required Information
- Prepare a detailed description of your digital project, including objectives, project activities, and expected outcomes.
- Collect financial information and any other documentation that supports your application.
- Step 3: Contact a Digital Advisor
- Get in touch with a digital advisor through Prosper NWT for guidance on your project proposal.
- Discuss your business needs and receive advice on maximizing the benefits of the digital grant.
- Step 4: Complete the Application Form
- Fill out the official application form provided by Prosper NWT, ensuring all sections are completed accurately.
- Attach all necessary documentation and verify the information provided.
- Step 5: Submit the Application
- Submit the completed application form along with all supporting documents to Prosper NWT.
- Choose the submission method recommended by Prosper NWT, whether online or via mail.
- Step 6: Receive Confirmation
- Await confirmation from Prosper NWT that your application has been received.
- Retain any confirmation numbers or correspondence for your records.
grant_single_labels|otherInfo
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.
