BDIC — Standby Letters of Credit
NT, Canada
Contract security and security of payment for Northwest Territories companies
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
Grant and Funding
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
If your business bids on contracts that require contract security or if your suppliers require security of payment, these standby letters of credit can provide the necessary assurance to third parties.
grant_single_labels|projects
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.
grant_single|admissibleProjectsExample
$ 36,000
Introduce new digital billing system in a dental clinic
$ 54,000
Develop a mobile app for a food delivery service
$ 30,000
Implement a digital customer management system at a local bakery
$ 45,000
Upgrade e-commerce platform of an independent bookstore
$ 24,000
Enhance online presence for a non-profit theatre group
$ 56,000
Digitalize operations of a community cooperative farm
grant_single_labels|admissibility
Eligibility for Prosper NWT's digital support grants requires meeting distinct criteria based on business location and project focus.
- The business must be located in the Northwest Territories (NWT).
- The grant is available for projects aimed at adopting new digital technologies, enhancing the online presence, or digitalizing operations.
grant_eligibility_criteria|who_can_apply
Prosper NWT offers digital support grants to businesses located in the Northwest Territories, but specific eligibility criteria for types of companies or industries are not provided. Therefore, the detailed eligibility requirements are not explicitly stated.
- Nothing
grant_eligibility_criteria|who_cannot_apply
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.
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
This grant is specifically available for businesses located in the Northwest Territories. The eligible geographical area ensures that the funding supports local economic development.
- Businesses operating within the Northwest Territories of Canada.
grant_single_labels|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
grant_single_labels|apply
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grant_single_labels|otherInfo
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.
Apply to this program
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