First Peoples Economic Growth Fund - Aftercare Program
MN, Canada
Funding for Manitoba First Nations businesses
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- First Peoples Economic Growth Fund Inc. (FPEGF)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get up to $20,000 to cover up to 75% of the costs of having a professional consultant identify areas of your business operations that may need special attention, if you have already received assistance under another First Peoples Economic Growth Fund (FPE
grant_single_labels|terms_and_conditions
The Aftercare Program by the First Peoples Economic Growth Fund offers a structured financial support model to assist new businesses in enhancing their operations through professional consultancy. Funding is focused on operational evaluation rather than on financial statement preparation.
- Funding covers up to 75% of consultancy costs, up to a maximum of $20,000.
- The utilization of the approved funds must occur within two years from approval.
- The funding is non-repayable.
- Applicants must furnish the qualifications of their chosen consultant along with proposed terms of reference and a quote.
- Three competitive consultancy quotes are recommended for submission.
- Funding approval must be secured before commencing consultancy services.
grant_single_labels|projects
The Aftercare Program is designed to support new businesses by funding the engagement of professional consultants. The focus is on analyzing business operations and identifying areas for improvement.
- Engagement of professional consultants to assess business operations.
grant_single|admissibleProjectsExample
$ 14,000
Development of a cybersecurity framework for small business protection
$ 15,000
Automated inventory management system to optimize supply chain operations
$ 16,000
Strategic business plan development for new market entry
$ 18,000
Evaluation for marketing strategy enhancement and customer engagement improvement
$ 12,000
Feasibility study for renewable energy implementation in community housing projects
$ 17,000
Implementation of a digital transformation plan for enhanced operational efficiency
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's previous participation in FPEGF programs.
- The applicant must be a new business that has obtained assistance under another FPEGF program.
- The applicant must propose a professional consultant and provide their qualifications for the assignment.
- The applicant must include proposed terms of reference and a quote from the consultant in the application.
- FPEGF recommends providing three competitive quotes for consultant services.
- Approval of funding is required prior to the commencement of consulting services.
grant_eligibility_criteria|who_can_apply
Eligible companies for this grant include new businesses that have received assistance from another FPEGF program and are seeking professional support to enhance their chances of success.
- New businesses supported by another FPEGF program
- Companies looking to engage a professional consultant
- Businesses in need of operational improvement
grant_eligibility_criteria|who_cannot_apply
This grant does not specify any ineligible companies or industries based on the provided context. Without additional details, it cannot be determined which applicants are restricted.
grant_eligibility_criteria|eligible_expenses
This grant supports new businesses by engaging professional consultants to enhance their operational success. The program focuses on delivering expert advice to refine business processes and address critical areas.
- Engagement of professional consultants to assess business operations.
- Identification of areas requiring special attention through expert evaluation.
- Strategic consulting aimed at improving business success prospects.
grant_eligibility_criteria|zone
This grant is administered by the First Peoples Economic Growth Fund and is linked to their community and regional development initiatives. However, the specific eligible geographical areas for companies applying are not explicitly mentioned in the provided information.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The evaluation and selection criteria are as follows:
- Applicants must provide the name and qualifications of the proposed consultant, proposed terms of reference, and a quote.
- FPEGF recommends obtaining three competitive quotes.
- Approval of funding is required prior to the consultant commencing the assignment.
grant_single_labels|register
- Step 1: Eligibility Confirmation
- Ensure that the business has previously received assistance from another FPEGF program.
- Verify that the intended use of funding is for engaging a professional consultant and not for the development of financial statements.
- Step 2: Engage a Consultant
- Identify potential professional consultants to assist your business.
- Obtain and review at least three competitive quotes from qualified consultants.
- Select a consultant based on qualifications and cost-effectiveness.
- Prepare documentation that includes the consultant's name, qualifications, proposed terms of reference, and the chosen quote.
- Step 3: Prepare Application
- Complete all necessary sections of the application form as required by FPEGF.
- Attach all required documentation, including consultant details and quotes.
- Step 4: Submit Application
- Submit the completed application and all supporting documents to FPEGF for review.
- Ensure that all documents are accurate and submitted before any deadlines set by FPEGF.
- Step 5: Await Approval
- Await confirmation and approval of the application before starting the consultant’s engagement.
- If approved, proceed to engage the consultant as per the agreed terms and conditions.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Funding is specifically aimed at enhancing operational efficiency and identifying areas of improvement for new businesses.
- There is a recommendation but not a mandatory requirement to obtain three competitive quotes for consultant services.
Apply to this program
Empowering New Businesses Through Professional Support
The Aftercare Program is designed to provide vital professional support to new businesses that have previously received assistance from an FPEGF program. This initiative aims to enhance business operations and increase the likelihood of long-term success by subsidizing the hiring of expert consultants.
Detailed Understanding of the Aftercare Program
The Aftercare Program stands as a critical support mechanism within the spectrum of offerings by the First Peoples Economic Growth Fund (FPEGF), specifically targeting the sustainability and growth potential of new businesses. This program is strategically crafted to ensure that businesses, which have already benefited from other FPEGF initiatives, obtain continued professional assistance essential for fine-tuning their operations and propelling future growth. By allowing these businesses to engage professional consultants, the program addresses operational weaknesses, allowing for comprehensive analysis and targeted action plans.
The program's financial framework is structured to cover up to 75% of consulting costs, with the funding capped at $20,000. This makes it an attractive option for startups wanting to leverage expert guidance without the entirety of the financial burden. Importantly, this funding is non-repayable, providing a generous cushion for financial planning among fledgling enterprises. Approved funds must be expended within two years, prompting timely and strategic application of these resources to achieve impactful results.
Eligibility and application processes underscore the necessity of selecting competent consultants, demonstrated by mandatory backing of qualifications and competitive quoting. FPEGF’s stipulation for acquiring at least three quotes ensures transparency and prudent choice, fostering the best possible matches between businesses and consultants. Through this meticulous approach, businesses are empowered to focus on strategic priorities rather than unnecessary financial or administrative hassles.
Although the funding is substantial, its usage is explicitly directed away from routine financial documentation like interim or annual financial statements, further emphasizing the program's focus on strategic enhancement over mundane financial reporting. This targeted support could involve consulting interventions in areas such as operational efficiency, market expansion strategies, or crisis management tactics, all tailored to improving overall business health and longevity.
The Aftercare Program’s broader implications are significant as it aligns with FPEGF’s commitment to reinforcing economic autonomy and sustainability in diverse communities it serves, particularly in Manitoba. It goes beyond financial contribution by fostering an environment of learning and adaptation, readying businesses to tackle challenges proactively. Such strategic support is crucial in the highly dynamic and competitive market landscapes that new businesses operate in today.
The flexible aspect of selecting consultants means businesses can source expertise pertinent to their unique challenges, allowing for a bespoke consultancy experience with a direct focus on readiness for scaling, efficiency in processes, or diversifying market presence.
In conclusion, the Aftercare Program offers a strategic lifeline to enterprises aiming to augment their foundation and market readiness, thereby fulfilling a vital role in FPEGF’s suite of programs by ensuring beneficiaries of initial funding translate early support into tangible, sustainable growth outcomes. The program is a testament to the commitment towards nurturing not just business viability but thriving entrepreneurial ecosystems that contribute broadly to economic development and resilience."
