BDIC — Term Loans
NT, Canada
Term loans for Northwest Territories businesses
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|closingDateMay 17, 2024
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Government of the Northwest Territories
- Business Development and Investment Corporation
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|projects
There are eligible projects and activities for this grant:
- Adopting new digital technologies
- Enhancing online presence
- Digitalizing operations
grant_single|admissibleProjectsExample
$25,000
Ottawa
Install a new customer relationship management (CRM) system to improve client interactions
$13,000
Calgary
Digitalize inventory management system to increase efficiency and accuracy in stock control
$15,000
Vancouver
Upgrade digital payment systems to enhance transaction security and user experience
$18,000
Toronto
Implement a new e-commerce platform to improve customer interaction and online sales
$16,000
Edmonton
Develop a mobile application to enhance customer service and engagement
$14,000
Montreal
Enhance online presence through a comprehensive digital marketing campaign targeting new demographics
grant_single_labels|admissibility
- Businesses must be located in the Northwest Territories
- Businesses must be eligible for the specific digital project funding
- Businesses must demonstrate a need for digital support
grant_eligibility_criteria|who_can_apply
Eligible types of companies for the Prosper NWT grant include businesses located in the Northwest Territories looking to start, grow, or enhance their operations through digital technology adoption. These companies can benefit from up to $15,100 in grants/contributions for digital projects.
- Companies based in the Northwest Territories
- Businesses focusing on digital technology adoption
- Businesses seeking to enhance online presence or digitalize operations
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
There are eligible expenses for this grant:
- Adoption of new digital technologies
- Enhancement of online presence
- Digitalization of operations
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|register
- Step 1: Check eligibility requirements
- Ensure your business meets the criteria outlined in the grant guidelines
- Implications: Determines if your business qualifies for the grant
- Step 2: Prepare application materials
- Gather all necessary documents and information as specified in the application
- Implications: Ensures you have all required materials ready for submission
- Step 3: Submit application
- Complete the application form and submit all required documents
- Implications: Your grant request will be formally considered by Prosper NWT
Apply to this program
Grant Summary: Digital Edge Support Grant
Digital Edge Support Grant
The Prosper NWT organization is offering a Digital Edge Support Grant to help businesses in the Northwest Territories enhance their digital presence and operations. This grant provides up to $15,100 in grants/contributions for eligible businesses to adopt new digital technologies, improve their online visibility, and digitalize their processes. Businesses can also benefit from the guidance of digital advisors to successfully implement their digital projects.
The Digital Edge Support Grant is aimed at supporting NWT businesses in embracing digital transformation, staying competitive in the digital age, and expanding their reach through innovative digital solutions. By leveraging this grant, businesses can access financial assistance to invest in digital initiatives that will boost their online presence, streamline operations, and drive growth in today's digital economy.
Eligible businesses can utilize the grant to fund a variety of digital projects such as website development, e-commerce platform integration, digital marketing campaigns, software implementations, cybersecurity enhancements, and more. The grant aims to empower businesses to harness the power of digital technologies to optimize their business processes, improve customer engagement, and achieve sustainable growth.
With the Digital Edge Support Grant from Prosper NWT, businesses in the Northwest Territories have the opportunity to accelerate their digital transformation journey, innovate their business models, and capitalize on the vast potential of digital technologies to drive success in the modern business landscape. The grant serves as a valuable resource for businesses looking to leverage digital tools and strategies to navigate the digital realm effectively and thrive in the competitive business environment.
Businesses that successfully secure the Digital Edge Support Grant can gain a competitive edge, enhance their operational efficiency, and elevate their digital capabilities to meet the evolving demands of the market. By embracing digital innovation and leveraging the grant to fuel their digital projects, businesses can position themselves for long-term success, growth, and sustainability in today's increasingly digital-centric business world.
In conclusion, the Digital Edge Support Grant offered by Prosper NWT presents a unique opportunity for NWT businesses to embark on a transformative digital journey, unlock their digital potential, and drive meaningful outcomes through strategic digital investments. With financial support, expert guidance, and innovative digital solutions at their disposal, businesses can embark on a path of digital excellence, competitiveness, and prosperity in the digital age.