grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|noCondition
grant_single|deadlines
  • grant_single|closingDateMay 17, 2024
  • grant_single|grantStatusClosed
grant_single|financingType
Loans and Capital investments
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|closed

grant_single_labels|preview

Variety of fixed and variable interest rate term loans available to businesses that are unable to secure financing elsewhere.

grant_single_labels|terms_and_conditions

This grant provides flexible debt financing solutions designed to support businesses in the Northwest Territories. The financing modalities emphasize adaptability and responsiveness to the specific needs of business ventures.
  • Flexible debt financing tailored to business needs for starting, growing, and thriving.

grant_single_labels|projects

This term loan program helps businesses in the Northwest Territories access flexible debt financing to start, grow, and thrive in various economic conditions. Eligible activities focus on offering comprehensive support and guidance to entrepreneurs while providing emergency relief and fostering digital advancement.
  • Starting new business ventures and expanding existing ones with flexible debt financing.
  • Receiving guidance and support from experts to address business challenges.
  • Accessing temporary relief and support during emergencies to maintain business operations.
  • Adopting new digital technologies and enhancing online presence for business growth.
  • Digitalizing business operations with support from digital advisors to improve efficiency.
grant_single|admissibleProjectsExample

$ 25,000

Install a new customer relationship management (CRM) system to improve client interactions

$ 13,000

Digitalize inventory management system to increase efficiency and accuracy in stock control

$ 15,000

Upgrade digital payment systems to enhance transaction security and user experience

$ 18,000

Implement a new e-commerce platform to improve customer interaction and online sales

$ 16,000

Develop a mobile application to enhance customer service and engagement

$ 14,000

Enhance online presence through a comprehensive digital marketing campaign targeting new demographics

grant_single_labels|admissibility

Eligibility for this grant is not specifically detailed in the provided information.

grant_eligibility_criteria|who_can_apply

NWT businesses looking to adopt new digital technologies, enhance their online presence, or digitalize operations are eligible for up to $15,100 in grants/contributions. The program is designed to support the digital transformation of businesses located in the Northwest Territories, Canada.

grant_eligibility_criteria|who_cannot_apply

There are certain types of companies that may not be eligible for the Prosper NWT grant:
  • Non-profit organizations
  • Government entities
  • Individuals (sole proprietors without a registered business)

grant_eligibility_criteria|eligible_expenses

Eligible projects for this grant are those that aim to enhance digital capabilities in businesses within the NWT. This includes adopting digital technologies and improving online operations.
  • Adopting new digital technologies to improve business operations.
  • Enhancing online presence to reach broader audiences.
  • Digitalizing operations for increased efficiency and productivity.
  • Access to digital advisors to advance specific digital projects.

grant_eligibility_criteria|zone

This grant is available to businesses located in the Northwest Territories region as specified by the funding body. It aims to support local economic development and business prosperity.
  • Businesses operating in the Northwest Territories (NWT).

grant_single_labels|criteria

Prosper NWT has evaluation and selection criteria for their grants. The criteria focus on factors such as the feasibility of the project, potential economic impact, and alignment with the organization's goals.
  • Feasibility of the project
  • Potential economic impact
  • Alignment with Prosper NWT's goals

grant_single_labels|apply

grant_single_labels|otherInfo

Here are additional relevant details for this grant:
  • The name change to Prosper NWT indicates a broader vision for supporting economic growth in the territory.
  • Prosper NWT is committed to helping businesses succeed, indicating strong support and resources for applicants.
  • Digital advisors are available to assist businesses, offering guidance and expertise for digital projects.
  • Flexible debt financing options are available, which could be complementary to the grant for eligible projects.

Apply to this program

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