Archived
Source verified March 4, 2026
BDIC — Standby Letters of Credit
Flexible financial support helping NWT businesses start, grow, and thrive
Funding available
$ 15,100
Deadline
Open continuously
Location
Northwest Territories, Canada
Overview
Prosper NWT’s digital support programs provide up to $15,100 in grants and contributions to help Northwest Territories businesses adopt and implement new digital technologies. Eligible activities include enhancing online presence, digitizing operations, and advancing other digital projects with the support of digital advisors.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Develop an online presence
- Optimize production processes
Eligible Funding
- Maximum amount : 15,100 $
Eligible candidates
Eligible Industries
- All industries
Location
- Northwest Territories
Legal structures
- Sole proprietorship
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
This grant facilitates the growth and digital advancement of businesses in the Northwest Territories through the adoption of new technologies. It includes funding and advisory support focused on enhancing digital capabilities.
- Adoption of new digital technologies to improve business operations.
- Enhancement of online presence for improved market reach and engagement.
- Digitalization of operational processes to increase efficiency.
- Access to digital advisors for guidance on digital projects.
Official resources
Eligibility
Who is eligible?
- Businesses located in the Northwest Territories
- Entrepreneurs operating in the Northwest Territories
Who is not eligible
This grant does not specify any exclusions based on company type, industry, status, or main activity within the provided context. Eligibility criteria should be reviewed to ensure alignment with the program's objectives.
Eligible expenses
This grant aims to support digital transformation efforts for businesses in the Northwest Territories. Eligible projects include adopting new digital technologies, enhancing online presence, and digitalizing business operations.
- Adoption of new digital technologies.
- Enhancement of online presence.
- Digitalization of business operations.
Eligible geographic areas
- Businesses located in the Northwest Territories (NWT), Canada.
Selection criteria
Prosper NWT uses specific evaluation and selection criteria to assess grant applications:
- Alignment with program objectives
- Demonstrated need for digital support
- Feasibility and potential impact of the digital project
- Evidence of capacity to implement the project successfully
- Potential for growth and innovation through digitalization
How to apply
- Step 1: Obtain Information about Grant Programs
- Visit the Prosper NWT website to review available grant programs focused on digital projects.
- Identify which grant(s) your business qualifies for.
- Step 2: Register
- Create an account on the Prosper NWT online portal if required.
- Ensure you are eligible for the digital grant program before commencing your application.
- Step 3: Gather Necessary Documentation
- Prepare a project proposal detailing how your business will use digital technologies to improve operations.
- Compile financial statements and any supporting documents required by the application guidelines.
- Step 4: Complete Application
- Fill out the online application form provided by Prosper NWT.
- Ensure that all sections are completed accurately and thoroughly.
- Step 5: Submit Application
- Upload all necessary documents to the Prosper NWT portal.
- Review your application one last time to ensure completeness.
- Submit the application before the specified deadline.
- Step 6: Confirmation and Follow-up
- Receive a confirmation email from Prosper NWT acknowledging receipt of your application.
- Follow up with Prosper NWT if you haven’t received a confirmation within a few days.
Additional information
Here are additional relevant details for this grant:
- The maximum grant contribution available for digital projects is $15,100.
- Digital advisors are available to assist businesses in advancing their digital projects.
Frequently Asked Questions about the BDIC — Standby Letters of Credit Program
What is the BDIC — Standby Letters of Credit?
Prosper NWT’s digital support programs provide up to $15,100 in grants and contributions to help Northwest Territories businesses adopt and implement new digital technologies. Eligible activities include enhancing online presence, digitizing operations, and advancing other digital projects with the support of digital advisors.
How much funding can be received?
BDIC — Standby Letters of Credit Funds up to $15,100 of admissible expenses.
Who is eligible for the BDIC — Standby Letters of Credit program?
To be eligible for the BDIC — Standby Letters of Credit program, you must:
Business located in the Northwest Territories (NWT).
Applicant is an entrepreneur or business owner.
What expenses are eligible under BDIC — Standby Letters of Credit?
This grant facilitates the growth and digital advancement of businesses in the Northwest Territories through the adoption of new technologies. It includes funding and advisory support focused on enhancing digital capabilities. Adoption of new digital technologies to improve business operations.
Enhancement of online presence for improved market reach and engagement.
Digitalization of operational processes to increase efficiency.
Access to digital advisors for guidance on digital projects.
Who can I contact for more information about the BDIC — Standby Letters of Credit?
You can contact Government of the Northwest Territories (GNWT).
Where is the BDIC — Standby Letters of Credit available?
The BDIC — Standby Letters of Credit program is available the province of Northwest Territories.
Is the BDIC — Standby Letters of Credit a grant, loan, or tax credit?
BDIC — Standby Letters of Credit is a Grant and Funding