Inclusive Diversification and Economic Advancement in the North — For-Profit
Last Update: January 24, 2025
NU, Canada
Funding for innovative projects in Northern Canada
Inclusive Diversification and Economic Advancement in the North — For-Profit at a glance
Eligible Funding
- No Condition
Timeline
- Continuous Intakes
Financing Type
Grant and Funding
Eligible Industries
- All industries
Grant Providers
- Government of Canada
- Canadian Northern Economic Development Agency (CanNor)
Status
Open
Overview of the Inclusive Diversification and Economic Advancement in the North — For-Profit program
Get funding for projects that contribute to diversifying Canada's northern economy and promoting economic growth.
Financing terms and conditions
This grant ensures equitable access to funding aimed at bolstering economic infrastructure and sector development in Canada's North. However, specific financing modalities such as funding caps or disbursement mechanisms are not detailed in the provided information.
Eligible projects & activities
Eligible projects under this grant focus on enhancing the economic infrastructure and capacity in Northern Canada, aiming at fostering economic diversity and supporting innovation. The initiatives prioritize community growth, infrastructure development, and increasing productivity in different sectors.
- Investment in economic growth and sector development initiatives.
- Programs for business scale-up, productivity, and innovation enhancement.
- Development of small-scale economic infrastructure projects.
- Projects focused on foundational economic infrastructure enhancement.
Examples of admissible projects:
$ 150,000
Establishing a community-based tourism program to promote local culture and economy
$ 100,000
Enhancing digital literacy and skills development among Indigenous youth
$ 160,000
Building a small business incubator to support local entrepreneurs
$ 200,000
Developing a renewable energy project to supply sustainable power
$ 210,000
Enhancing fishing industry productivity through modern equipment
$ 130,000
Launching a small-scale aquaponics farm to improve food security
Eligibility criteria of the Inclusive Diversification and Economic Advancement in the North — For-Profit program
The eligibility criteria for the IDEANorth program are based on considerations related to the applicant's capacity and engagement with economic development in the North.
- Applicants can be businesses or other public or private organizations.
- Priority is given to underrepresented groups, including Indigenous people, women, and youth.
- Applicants should demonstrate proven capacity to deliver projects in the North.
- Applicants must show interest or engagement in territorial economic development.
Who is eligible?
This program supports businesses and other public or private organizations with an emphasis on ensuring equitable access to funding to underrepresented groups such as Indigenous people, women and youth. Investments will help strengthen existing economic sectors and develop new economic sectors with the goal of enhancing and diversifying economic activity throughout the territories. Priority will be given to recipients who can demonstrate proven capacity to deliver projects in the North and who can demonstrate interest/engagement in territorial economic development.
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
This grant supports projects and activities that enhance economic infrastructure and promote sector development in Northern Canada. The eligible initiatives aim to foster economic growth, improve business productivity, and support foundational infrastructure in the territories.
- Investments in economic infrastructure to support community and business service extension.
- Support for economic growth and sector development initiatives.
- Business initiatives focused on scale-up, productivity, and innovation.
- Development of small-scale economic infrastructure to strengthen local services.
- Support for the early stages of large-scale economic infrastructure projects.
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.
Eligibility criteria of the Inclusive Diversification and Economic Advancement in the North — For-Profit program
There are evaluation and selection criteria for the IDEANorth grant. The criteria include:
- Proven capacity to deliver projects in the North
- Interest/engagement in territorial economic development
How to apply to the Inclusive Diversification and Economic Advancement in the North — For-Profit program
1
Review Program Guidelines
- Visit the IDEANorth program webpage.
- Download and read the IDEANorth program guidelines to understand the requirements and objectives.
- Familiarize yourself with the application process and funding criteria.
2
Prepare Application Materials
- Develop a comprehensive project proposal detailing the project’s objectives, expected outcomes, and alignment with IDEANorth’s priorities.
- Gather any necessary supporting documents such as budgets, timelines, and organizational capacity statements.
3
Complete Application Form
- Access the application form through the IDEANorth program guidelines or contact resources.
- Fill out the application form with accurate and complete information regarding the project and organization.
4
Submit Application
- Email the completed application form and supporting documents to Operations@cannor.gc.ca.
- Alternatively, contact one of the IDEANorth regional offices to discuss application submission possibilities.
Contact Government of Canada
operations@cannor.gc.ca
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