Innovation Canada — Innovation Advisors in NWT

Eligibility for connecting with an Innovation Advisor requires meeting specific criteria related to the company's status and goals.

• The company must be incorporated.
• The company should be ready to grow or scale.
• The company must be looking to create a new product, service, or process, or seeking guidance and advice.

Who is eligible?

This service is aimed at incorporated businesses in Canada that are ready to grow or scale, looking to create a new product, service, or process, or those seeking advice. Eligibility primarily extends to businesses positioned for growth or in need of strategic advice to leverage government programs for financing, technical support, or foreign market expertise.

Eligible expenses

This service connects businesses that are ready to grow or scale with experienced Innovation Advisors. These advisors assist businesses by finding suitable government programs and services related to various business activities.

• Incorporated businesses looking to grow or scale.
• Creating new products, services, or processes.
• Seeking digital marketing and business strategy advice.
• Looking for finance-related guidance and financial modeling.
• Developing go-to-market strategies and business development.
• Expanding start-ups through mentorship and strategic planning.
• Designing, building, or launching products to global markets.
• Accessing capital and government funding opportunities.
• Scale-up of businesses in various sectors.

Eligible geographic areas

This grant is directed towards businesses in certain regions where Innovation Advisors provide support services. The eligible geographical areas relate to the locations of the Innovation Advisors as well as the regional focus of the advisory services.

• Pacific and Yukon
• Prairies and Northwest Territories
• Ontario
• Quebec and Nunavut
• Atlantic

There are evaluation and selection criteria for this grant. Applicants will be judged based on the following:

• Clarity and feasibility of the project proposal
• Demonstrated need for the funding
• Potential impact on job creation and economic growth
• Evidence of innovation and scalability

Here are additional relevant details for this program:

• Innovation Advisors are former entrepreneurs or private-sector professionals, providing a wealth of experience and networking opportunities.
• They can assist businesses in understanding and leveraging various government programs and services.
• Each advisor possesses specific expertise, ranging from digital marketing to financial modeling and international market strategies, which can be valuable in advising on suitable growth strategies.
• Advisors are regionally based, offering tailored advice relevant to specific geographical needs and opportunities.
• An accessible communication line is provided for interested parties to reach out for initial consultations.