Open
Source verified August 5, 2026
Inclusive Diversification and Economic Advancement in the North — For-Profit
Northern economic development support
Funding available
$ 6,000,000
Deadline
Open continuously
Location
Northwest Territories, Nunavut, Yukon, Canada
Overview
Get funding for projects that contribute to diversifying Canada's northern economy and promoting economic growth.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Develop strategic partnerships
- Develop a new product or service
Eligible Funding
- Maximum amount : 6,000,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Northwest Territories, Nunavut, Yukon
Legal structures
- Social economy enterprise
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Indigenous Peoples
- Rural or Northern Residents
- Youth (<40)
- Women
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Research and planning, including development of sectoral strategies to guide investments.
- Product commercialization, market development and expansion.
- Providing support to communities, organizations and associations for the construction of, or expansion of, multi-user economic infrastructure.
- Planning, pre-feasibility and feasibility studies.
- Geotechnical and other engineering designs and studies.
Documents Needed
- The Application Form
- The IDEANorth program guidelines
Official resources
Eligibility
Who is eligible?
- Registered organizations, Indigenous and non-Indigenous.
- Social enterprises and businesses.
- Other levels of government.
- Other non-federal entities, public or private.
- Applicants must have an interest in economic development in the North.
Who is not eligible
There are certain types of companies that may not be eligible for this grant:
- Companies outside the defined territories of Canada's North
- Companies that do not have a focus on economic development and sector advancement in the North
Eligible expenses
- Professional fees, such as technical, environmental, legal, project management and business services.
- Incremental salaries and benefits directly attributable to the project.
- Space and equipment rentals or purchases; project feasibility studies; research fees such as surveys, data acquisition and research studies.
- Capital purchases/acquisitions, including information technology, signage, machinery and equipment, renovations or upgrades, buildings, and engineering works.
- Travel, including meals and accommodations; shipping costs; translation Services.
Ineligible Costs and Activities
- Economic development costs that would be incurred in the absence of IDEANorth.
- Payment for services that would normally be provided without charge.
- Costs of direct skills training or education courses for individuals, of the sort normally offered through learning institutions or apprenticeship programs; wage subsidies for persons receiving training through course work or on the job.
- Core expenses.
- Recoverable taxes (i.e., GST).
Eligible geographic areas
This grant focuses on supporting economic growth specifically in the Northern territories of Canada. Companies applying for this grant must be located in these regions to be eligible for funding.
- Yukon.
- Northwest Territories.
- Nunavut.
Selection criteria
- Economic Benefit and Impact: 35%
- Alignment with program and government priorities: 20%
- Organizational capacity: 15%
- Budget: 15%
- Work plan: 15%
How to apply
- Project proposals are accepted through targeted calls for expressions of interest and a continuous intake process throughout the year.
- Project EOIs and applications are accepted on an ongoing basis via email at cannor.operations.cannor@canada.ca.
Processing and Agreement
- Funding will be administered and paid according to the specific contribution agreement between CanNor and the recipient.
- Payments may be made based on documented claims for eligible expenditures incurred and paid.
- Payments may be made based on the achievement of pre-determined performance expectations or milestones.
- Advance payments may be made where they are essential to the achievement of objectives and are specifically provided for in the funding agreement.
- A final accounting of all project expenditures is required when payments are made based on milestones or advance payments, and CanNor has no obligation to pay more than 90% of any contribution before project completion and any required audits.
Contacts
Frequently Asked Questions about the Inclusive Diversification and Economic Advancement in the North — For-Profit Program
What is the Inclusive Diversification and Economic Advancement in the North — For-Profit?
Get funding for projects that contribute to diversifying Canada's northern economy and promoting economic growth.
How much funding can be received?
Inclusive Diversification and Economic Advancement in the North — For-Profit Funds up to $6,000,000 of admissible expenses.
Who is eligible for the Inclusive Diversification and Economic Advancement in the North — For-Profit program?
To be eligible for the Inclusive Diversification and Economic Advancement in the North — For-Profit program, you must:
Registered organizations, Indigenous or non-Indigenous.
Businesses, social enterprises, other levels of government, and other non-federal entities, public or private.
Applicants must have an interest in economic development in the North.
What expenses are eligible under Inclusive Diversification and Economic Advancement in the North — For-Profit?
Research and planning, including development of sectoral strategies to guide investments.
Product commercialization, market development and expansion.
Providing support to communities, organizations and associations for the construction of, or expansion of, multi-user economic infrastructure.
Planning, pre-feasibility and feasibility studies.
Geotechnical and other engineering designs and studies.
Who can I contact for more information about the Inclusive Diversification and Economic Advancement in the North — For-Profit?
You can contact Canadian Northern Economic Development Agency (CanNor) by email at Operations@cannor.gc.ca or by phone at 867-667-3346.
Where is the Inclusive Diversification and Economic Advancement in the North — For-Profit available?
The Inclusive Diversification and Economic Advancement in the North — For-Profit program is available the province of Northwest Territories, Nunavut, Yukon.
Is the Inclusive Diversification and Economic Advancement in the North — For-Profit a grant, loan, or tax credit?
Inclusive Diversification and Economic Advancement in the North — For-Profit is a Grant and Funding