How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Community Opportunity Readiness?

Community Opportunity Readiness is funded by Government of Canada

What are Community Opportunity Readiness's eligibility criterias?

Applicant must be a First Nation or Inuit community or government, including tribal councils, located in the provinces Support available specifically for community-owned businesses

Community Opportunity Readiness

Last Update: August 7, 2025

Canada

Supports First Nation and Inuit communities' economic development initiatives

Community Opportunity Readiness at a glance

Eligible Funding

No Condition

Timeline

Unspecified

Financing Type

Grant and Funding

Eligible Industries

All industries

Grant Providers

Government of Canada

Program status

Open

Overview of the Community Opportunity Readiness program

The Community Opportunity Readiness Program supports First Nation and Inuit communities with partial funding to develop community-owned businesses and enhance economic participation through activities such as feasibility studies, business planning, and economic infrastructure development. Applicants must secure complementary funding, as the program covers only a portion of project costs; the maximum funding amount is not specified in the available guidelines.

Financing terms and conditions

The program provides a portion of the total project budget; applicants must secure the remaining funds from other sources.
The project must generate community economic benefits that exceed ISC contributions by a minimum ratio of 5:1.

Eligible projects & activities

Pursuing economic opportunities through feasibility studies, planning, negotiations, and related assessments.
Attracting private sector investment via marketing, advertising, and promotion related to business readiness.
Supporting the start-up and expansion of community-owned businesses by addressing equity gaps and providing business advisory services and training.
Facilitating commercial and market development initiatives for community enterprises.
Developing economic infrastructure that supports business activities at the community level.

Eligibility criteria of the Community Opportunity Readiness program

The applicant must be a First Nation or Inuit community or government, including tribal councils, located in the provinces.
The project must pursue economic opportunities or support community-owned businesses.
The applicant must demonstrate access to other funding sources or contribute their own resources.
The proposal must aim to generate net economic benefits for the community, such as job creation, training, business contracts, or increased community revenues.

Who is eligible?

First Nation community-owned businesses
Inuit community-owned businesses

Eligible expenses

Costs for feasibility studies
Marketing, advertising, and promotion expenses
Planning and negotiation costs
Legal fees related to assessing economic opportunities
Land surveys and property appraisals
Business advisory services and training expenses
Expenses related to commercial and market development
Community economic infrastructure development expenses (not tied to a specific business)

Eligible geographic areas

First Nation and Inuit communities and their governments, including tribal councils, located in the provinces of Canada.

Eligibility criteria of the Community Opportunity Readiness program

Potential of the project or activity to generate net economic benefit for First Nation and Inuit communities.
Achievement of a minimum benefit-to-contribution ratio of 5:1 (community economic benefits should exceed ISC contributions by a minimum of five to one).
Creation of community economic benefits, such as jobs, training for community members, contracts and purchases from community businesses, business start-ups or expansions, and increased community government revenues.
Demonstrated management capacity and business expertise of the applicant in relation to the project.
Long-term viability of the proposed business opportunity and its alignment with federal economic strategies and priorities.

How to apply to the Community Opportunity Readiness program

Assess community readiness

Identify the economic opportunity relevant to the First Nation or Inuit community
Determine the community's readiness and needs for economic development

Compile supporting documentation

Gather documents demonstrating community needs and potential benefits
Collect information on intended projects, partners, and other funding sources

Prepare application proposal

Prepare a detailed proposal including project objectives, economic benefits, and contributions from other sources
Ensure compliance with program guidelines and eligibility criteria

Submit the application

Submit the complete application and all required documents to Indigenous Services Canada
Ensure all submission guidelines are followed

Await funding decision

Wait for assessment and decision from Indigenous Services Canada
Be prepared to provide additional information if requested

Additional information

The program consolidates several former funding programs, streamlining support for community economic development.
Funding is proposal-based and subject to a competitive selection process, with no guarantee of approval for every applicant.
ISC emphasizes the importance of leveraging other funding sources in addition to program support.
Environmental impact is considered in the assessment of all proposals.

Apply to this program