Kakivak Association — Sivummut Grants to Small Businesses
NU, Canada
Grants for Inuit businesses in Nunavut’s Qikiqtani Region
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
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- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
grant_single|grantors
- Kakivak Association
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grant_card_status|open
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Receive up to $25,000 in grants for pre-start-up, start-up, and business expansion, which can be combined with a business loan to grow and expand your business.
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This grant targets businesses located in defined communities in the Qikiqtani Region. It aims to support regional development by offering financial aid to these specific locations.
- Grise Fiord
- Resolute Bay
- Arctic Bay
- Pond Inlet
- Qikiqtarjuaq
- Pangnirtung
grant_single|admissibleProjectsExample
$18,000
Saskatoon
Expansion of a community garden project
$15,000
Halifax
Establishment of an artisan coffee shop
$25,000
Vancouver
Development of an online educational platform
$20,000
Whitehorse
Development of a mobile app for local food delivery services
$20,000
Toronto
Setup of a shared co-working space for freelancers
$13,000
Ottawa
Creation of a local craft cooperative
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to Inuit business ownership and project location.
- The applicant must be an Inuit-owned business.
- The business must be located in the Qikiqtani Region.
- For the Economic Opportunity Fund, the business must be tourism-based and operate in one of the six communities adjacent to the National Parks in Qikiqtani Region: Grise Fiord, Resolute Bay, Arctic Bay, Pond Inlet, Qikiqtarjuaq, and Pangnirtung.
- Small Tool Grants have specific requirements depending on the type of tool, such as carving tools or sewing machines, with limits on how frequently they can be accessed.
grant_eligibility_criteria|who_can_apply
This grant is targeted towards Inuit owned businesses in the Qikiqtani Region looking to establish or expand their operations. Eligible businesses must be owned by Inuit and operate within the specified region. There are different grant programs available for varied needs, such as startup funding, business expansion, and small tools for craftspeople.
grant_eligibility_criteria|eligible_expenses
The grants from the Kakivak's Business Services Department focus on supporting Inuit owned businesses in various phases of their development. These grants are aimed at encouraging new business ventures, assisting with expansions, and enhancing operational capabilities across different sectors.
- Business pre-start up initiatives aimed at exploring and preparing for market entry.
- Business start-up activities, covering initial operational costs to help new ventures begin operations.
- Business expansion projects designed to increase the size or scope of existing businesses.
- Purchasing carving tools for artists and craftspeople to enhance their production capabilities.
- Acquiring sewing machines to support craftspeople in expanding their product offerings.
- Providing funding for new equipment and safety gear to enhance tourism-based business operations.
- Marketing initiatives aimed at promoting tourism businesses in the Qikiqtani Region.
grant_eligibility_criteria|zone
Eligible expenses for this grant are focused on supporting tourism-based businesses in specified communities with necessary equipment, safety gear, and marketing efforts.
- Purchase of new equipment for the business.
- Acquisition of safety gear to ensure operations meet safety standards.
- Marketing initiatives to promote the business.
grant_single_labels|criteria
The evaluation and selection criteria for the Kakivak Association Business Funding application appear to be implied through the requirements and expectations outlined in the application form. Below is a summary of these criteria:
- Applicant Eligibility: The applicant must be Inuk and reside in the Baffin Region for six months or more, or the applying entity (partnership or corporation) must be at least 51% Inuit owned and controlled.
- Project Scope: Clarity in business activity, projected costs, and required supporting documents (e.g., business plans, financial statements).
- Documentation: Submission of all required documents, including NTI Beneficiary card, business license, support letters, and quotations from suppliers.
- Equity Contribution: The applicant's commitment to contribute a minimum of 10% of the total project costs.
- Job Creation: The potential for the project to create full-time and part-time jobs for Inuit and other employees.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Initial Contact
- Contact Kakivak's Business Development Department to discuss your business idea or project.
- Schedule an appointment with a Business Development Officer for personalized advice.
- Step 2: Determine Eligibility
- Confirm your business's eligibility for the specified grant program (e.g., Sivummut Grants, Small Tool Grants, etc.).
- Step 3: Complete Application Form
- Download the PDF application form for the appropriate grant program from the Kakivak website.
- Fill out the application form with accurate and detailed information regarding your business and project needs.
- Step 4: Gather Supporting Documents
- Collect any necessary documents such as business plans, financial statements, or proof of Inuit ownership.
- Step 5: Submit Application
- Submit the completed application form along with all supporting documents to the Kakivak Business Services Department.
- Ensure the submission is done before the specified deadline or within the grant period.
- Step 6: Await Response
- Wait for confirmation from Kakivak regarding the receipt and status of your application.
grant_single_labels|otherInfo
This grant requires detailed documentation for consideration, including proof of Inuit ownership and a comprehensive business plan for projects exceeding $20,000. The Kakivak Association oversees grant distribution, ensuring compliance with specific terms and conditions.
- At least 51% Inuit ownership is required for eligibility.
- Applications must include copies of NTI Beneficiary and Social Insurance cards.
- Applicants must provide a letter of support from the Hamlet or Hunter and Trapper's Association.
- Funding applications over $5,000 require a brief business plan, while those over $20,000 require a comprehensive business plan.
- A minimum of 10% equity contribution from the applicant is typically required.
- Funding offers can be withdrawn at any time by the Kakivak Association.
grant_single_labels|contact
867-979-0911
Apply to this program
Unlock Business Opportunities with Kakivak's Grants
Designed to empower Inuit entrepreneurs in the Qikiqtani Region, Kakivak's grants provide essential financial support for business growth and development. These grants aim to foster an economic environment where Inuit-owned businesses can thrive and create employment within their communities.
Diving Deeper into Kakivak's Business Development Grants
The suite of grants offered by Kakivak aims to facilitate business development and expansion specifically for Inuit entrepreneurs in the Qikiqtani Region. Recognizing the unique challenges and opportunities in Northern Canada, these grants provide vital support that addresses the developmental needs at various stages of a business's lifecycle. Kakivak's Business Services are uniquely positioned to provide immersive assistance—from ideation to successful execution—tailored to harness the local potential and drive economic self-sufficiency among Inuit communities.
One of the pivotal offerings, the Makigiaqvik Loans, combines grants with loans to provide a comprehensive financial solution up to $50,000, repayable over a seven-year period. By integrating grant contributions with secured loans, Makigiaqvik Loans are structured to ensure businesses can access both immediate and sustained financial support, maintaining an 81/2% interest rate that is strategically beneficial for long-term projects. These loans are instrumental in helping businesses not only launch but also scale significantly, impacting local employment positively.
For those at the very onset of their entrepreneurial journey, the Sivummut Grants offer a crucial stepping stone. With funding up to $25,000 categorically available through various phases—pre-startup, startup, and expansion—these grants are foundational for Inuit ventures seeking a headstart. Notably, the Sivummut Grants emphasize education by offering additional support for business management training, ensuring recipients gain the necessary skills to not only run their businesses profitably but sustainably.
Recognizing the importance of cultural and artisanal heritage, the Small Tool Grants cater specifically to artists and craftspeople. This funding assists in purchasing essential tools, thus supporting the preservation and enhancement of traditional crafts—a vital component of cultural expression and economic sustenance in the Qikiqtani region. These grants, while modest, act as a crucial lifeline for artisans by ensuring they have the right resources to practice and build their skills.
Tourism, a burgeoning sector in the Qikiqtani region, especially benefits from the Economic Opportunity Fund (EOF). This grant program supports tourism businesses in communities bordering national parks, offering up to $10,000 annually for projects ranging from new equipment and safety gear to marketing efforts. The EOF facilitates a potential synergy between economic gain and natural preservation, marking tourism development as a key area for exploiting regional advantages responsibly and profitably.
Overall, Kakivak's grants and loans are structured to empower Inuit ownership and economic participation. They help bridge the financial gap that often stymies local entrepreneurship, with a deliberate focus on culturally relevant business programs. As the Qikiqtani region continues to evolve, Kakivak remains committed to nurturing a business ecosystem that is resilient, inclusive, and reflective of Inuit values and aspirations.
In conclusion, these grants represent more than just financial assistance; they are a statement of support for local entrepreneurial spirit. Kakivak endeavours to create more than just economic growth—it aims to cultivate a landscape where Inuit businesses are synonymous with innovation, resilience, and collective prosperity. Applying for such grants is not merely a step towards business success, but a commitment to contributing to community upliftment and sustainable regional development.
