How much funding can be received?

Funds up to 50% of admissible expenses, capped at $1000000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the First Peoples Economic Growth Fund – Joint Venture Program?

First Peoples Economic Growth Fund – Joint Venture Program is funded by First Peoples Economic Growth Fund Inc. (FPEGF)

What are First Peoples Economic Growth Fund – Joint Venture Program's eligibility criterias?

The business must have a profit objective and not be a not-for-profit entity. The enterprise must be at least 51% owned and controlled by Manitoba First Nations. The business must primarily operate in Manitoba.

First Peoples Economic Growth Fund – Joint Venture Program

Last Update: January 24, 2025

MN, Canada

Financing for Manitoba First Nations projects

First Peoples Economic Growth Fund – Joint Venture Program at a glance

Eligible Funding

From $200,000 to $1,000,000
Up to 50% of project cost

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

First Peoples Economic Growth Fund Inc. (FPEGF)

Status

Open

Overview of the First Peoples Economic Growth Fund – Joint Venture Program program

Is your business planning to undertake a large-scale project that costs more than $500,000? Get financing of at least $200,000 up to $1 million, in a variety of financing options.

Financing terms and conditions

This grant offers a range of financing options tailored to the needs and structures of large-scale First Nations enterprises, ensuring flexibility in funding.

Common shares.
Preferred shares.
Convertible preferred shares.
Convertible debentures.
Term Loans.
Mortgages.
Units in a limited partnership or joint venture for a period negotiated and set out in the partnership or joint venture agreement.

Eligible projects & activities

This grant funds large-scale First Nations enterprises engaged in profitable and commercial activities in Manitoba. It prioritizes high-value, value-added projects that are owned and controlled by Manitoba First Nations.

Projects aimed at establishing or expanding commercially viable businesses.
Initiatives focused on high-end, value-added production or services.
Large-scale operations with substantial startup costs and working capital needs, exceeding $500,000 in project costs.

Examples of admissible projects:

$ 300,000

Opening a new organic coffee roastery and café offering locally sourced products

$ 500,000

Developing a green energy solution for businesses to reduce carbon footprint

$ 400,000

Launching an innovative mobile health clinic to serve underserved communities

$ 400,000

Building a new recycling facility to promote sustainable waste management

$ 700,000

Establishing a tech hub to support local startups and innovation

$ 450,000

Revitalizing a heritage building into a cultural arts center

Eligibility criteria of the First Peoples Economic Growth Fund – Joint Venture Program program

Eligibility for this grant is determined by specific criteria related to ownership, business operations, and project scope.

The business must have a profit objective, as not-for-profit projects are not eligible.
A sound business plan demonstrating viability is required.
The business must primarily operate in Manitoba.
The nature of the business must be reputable and appropriate.
The business must be at least 51% owned and controlled by Manitoba First Nations.

Who is eligible?

This program targets large-scale First Nations enterprises in Manitoba seeking financial support for commercially viable, for-profit projects. The primary applicants must be First Nations businesses that meet specific ownership and operational criteria.

Who is not eligible

This grant is designed for specific large-scale First Nations enterprises that meet certain criteria. Although the exact exclusions are not detailed, the focus is on profit-oriented and commercially viable ventures in Manitoba.

Eligible expenses

This grant supports large-scale First Nations enterprises, specifically in for-profit ventures that show promise for commercial success. It focuses on projects with a profit objective and those that are commercially viable.

Projects that are primarily operated in Manitoba.
Enterprises that involve at least 51% ownership and control by Manitoba First Nations.
For-profit ventures with total project costs exceeding $500,000.

Eligible geographic areas

This grant is specifically targeted at companies operating within a defined geographical area to enhance local economic growth. Eligible businesses must primarily operate within Manitoba as per the Fund's requirements.

Primarily operate in Manitoba.

Eligibility criteria of the First Peoples Economic Growth Fund – Joint Venture Program program

There are evaluation and selection criteria for this grant:

Businesses must have a profit objective and demonstrate viability through a sound business plan.
Projects must primarily operate in Manitoba, be reputable, appropriate in nature, and at least 51% owned and controlled by Manitoba First Nations.

How to apply to the First Peoples Economic Growth Fund – Joint Venture Program program

Preliminary Inquiry

Contact the Fund to express interest in the Joint Venture Program.
Request initial screening for business concept evaluation.

Eligibility Assessment

Ensure the business is at least 51% owned and controlled by Manitoba First Nations.
Verify that the business operates primarily in Manitoba and is for-profit.

Prepare Business Plan