First Peoples Economic Growth Fund – Business Plan Assistance
MN, Canada
Funding for Manitoba First Nation business planning
grant_single_labels|summary
grant_single|eligibleFinancing
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- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
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- First Peoples Economic Growth Fund Inc. (FPEGF)
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grant_card_status|open
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Get up to $20,000 to cover up to 75% of the costs associated with hiring a professional consultant to assist in the research and development of a quality business plan that you can use to attract financing.
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The grant supports the development of professional business plans by providing funding to First Nation individuals or enterprises in Manitoba. This initiative enables applicants to engage professional consultants for comprehensive research and development.
- Engagement of a professional consultant for business plan research and development
- Research into business concept viability and market potential
- Creation of a marketing strategy
- Management experience analysis and strategic planning
- Project cost estimation and financing plan development
grant_single|admissibleProjectsExample
$16,500
Halifax
Hire a consultant for a feasibility study for a social enterprise café
$18,000
Montreal
Consultancy to develop a new sustainable fashion line business plan
$18,000
Calgary
Hire a consultant to improve planning for a non-profit art centre
$19,500
Toronto
Engage a consultant for developing a scalable e-commerce platform business plan
$20,000
Edmonton
Develop a business plan for a community-run renewable energy project
$18,000
Vancouver
Develop a business plan for a zero-waste grocery cooperative
grant_single_labels|admissibility
To be eligible for the Business Plan Assistance grant, applicants must meet the following criteria:
- Be a member of a First Nation, with a headquarter location in Manitoba
- Be aged 18 and over, and eligible to work in Canada
- Submit an application describing the business for which they wish to develop a business plan
- Not have owned a similar business in the past 12 months
- Provide the name and qualifications of the proposed consultant, proposed terms of reference, and a written proposal, including a quote
- Recommendation from FPEGF to obtain three competitive quotes
- Approval of funding is required prior to consultant commencing the assignment
grant_eligibility_criteria|who_can_apply
There is no specific information provided about the types of companies or industries eligible for this grant.
Nothing.
grant_eligibility_criteria|who_cannot_apply
Some types of companies are not eligible for this grant:
- Non-First Nation individuals or enterprises
- Individuals under 18 years old
- Individuals not eligible to work in Canada
- Those who have owned a similar business in the past 12 months
grant_eligibility_criteria|eligible_expenses
The eligible expenses for this grant include costs related to hiring a professional consultant for the development of a business plan.
- Costs associated with engaging the services of a professional consultant
- Research and development of a quality business plan
grant_eligibility_criteria|zone
The grant is specifically available for members of First Nations with their headquarters located in Manitoba. Eligibility is geographically limited to this region to support local First Nation-based enterprises.
- Manitoba
grant_single_labels|criteria
The Business Plan Assistance program has specific evaluation and selection criteria to assess the merit and feasibility of the proposed business projects.
- Business concept feasibility
- Opportunity for economic impact in the community
- Potential for sustainable growth
- Clarity of marketing strategy
- Experience and capability of management team
- Comprehensive financial plan and project costing
grant_single_labels|register
Step 1: Eligibility Verification
- Ensure applicant is a member of a First Nation with headquarters in Manitoba
- Verify applicant is aged 18 and over, eligible to work in Canada
- Confirm applicant has not owned a similar business in the past 12 months
Step 2: Business Concept Summary Preparation
- Prepare a business overview
- Include an industry overview
- Develop a marketing strategy
- Outline management experience
- Plan for staffing
- Estimate project costs and required financing
Step 3: Consultant Selection
- Identify proposed consultant
- Check qualifications of the consultant
- Agree on proposed terms of reference
- Obtain a written proposal and quote
- Gather three competitive quotes for comparison
Step 4: Application Submission
- Complete the application form
- Attach business concept summary
- Provide consultant's name, qualifications, terms, and quotes
- Submit application to the Fund for approval
Step 5: Await Approval
- Wait for funding approval before consultant begins work
grant_single_labels|otherInfo
Applicants should also attach a business concept summary that includes several required elements.
- Detailed business overview
- Industry overview
- Marketing strategy
- Management experience
- Staffing plan
- Estimated project costs
- Financing requirements
Apply to this program
Supporting First Nation Entrepreneurs in Manitoba with Business Plan Assistance
The Business Plan Assistance program is designed to empower First Nation individuals and enterprises based in Manitoba by providing financial support for the development of professional business plans. This initiative, backed by FPEGF, offers up to 75% funding (capped at $20,000) to support business concepts with strong potential, helping to attract necessary financing.
Boost Your First Nation Business Concept with the Business Plan Assistance Grant
The Business Plan Assistance program is a strategic initiative aimed at bolstering entrepreneurial growth among First Nation communities in Manitoba. By targeting individuals and enterprises that demonstrate promising business concepts, the program seeks to provide the necessary financial assistance for the development of comprehensive business plans. Recognizing the critical role that a well-crafted business plan plays in securing financing and shaping a successful business venture, this program offers a non-repayable grant covering up to 75% of the costs associated with hiring a professional consultant. The maximum grant amount is capped at $20,000, empowering grant recipients to engage experienced consultants who can provide invaluable insights and detailed market analysis, ensuring that the finalized business plan is robust and compelling. This grant program is exclusively available to members of First Nations with headquarters in Manitoba, underscoring a commitment to fostering economic growth within these communities. Eligible applicants must be at least 18 years old and legally able to work in Canada. A critical feature of the program is the requirement for a detailed application process, which involves submitting a summary of the business concept. This summary should provide a comprehensive overview of the business idea, including details on the industry context, strategic marketing plans, management and staffing capabilities, projected costs, and financing needs. Through an initial screening, applications are evaluated based on the potential for success and the demonstrated need for financial assistance to further develop the business plan. A unique aspect of this grant is the requirement for applicants to source a qualified consultant to assist with the business plan development process. Prior to commencing work, the program mandates that applicants obtain approval for their chosen consultant. This approval process involves providing the consultant's credentials, a detailed proposal outlining the terms of reference, and a cost estimate. To ensure competitive pricing and service quality, it is recommended that applicants solicit three quotes from potential consultants. By empowering First Nation entrepreneurs, the Business Plan Assistance program aims to create a ripple effect of economic development within their communities. It not only helps transform innovative ideas into viable business ventures but also encourages sustainable job creation and economic self-sufficiency. As such, this program plays a pivotal role in driving community growth and resilience, aligning with broader economic and social objectives of fostering inclusive prosperity across Manitoba's First Nation communities. Entrepreneurs who successfully receive this grant will be better positioned to bring their business concepts to maturity, leveraging professional insights and strategic planning expertise. This assistance prepares them to approach potential investors and financial institutions with a solid blueprint for success, enhancing their ability to secure the necessary funding and achieve their business objectives. In essence, the Business Plan Assistance program is a crucial stepping stone towards realizing entrepreneurial dreams and sparking economic dynamism within the First Nation communities of Manitoba. By participating in this initiative, applicants not only gain financial support but also join a network of like-minded entrepreneurs, fostering a culture of innovation and collaboration that is vital for sustained economic empowerment.
