KCFI – Cambridge Bay, Nunavut
NU, Canada
Advice and expertise for entrepreneurs in Kitikmeot/Cambridge Bay
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Kitikmeot Community Futures Incorporated
grant_single|status
grant_card_status|open
grant_single_labels|preview
Access business information on government services, reports and library resources tailored to meet your business needs.
grant_single_labels|projects
This grant is specifically available to companies located in designated areas within the Kitikmeot Region. It supports local development by aligning funding opportunities with regional economic goals.
- Cambridge Bay
- Kugluktuk
- Gjoa Haven
- Kugaaruk
- Taloyoak
- Bay Chimo
- Bathurst Inlet
grant_single|admissibleProjectsExample
$180,000
Expanding organic vegetable farm production with new equipment and marketing strategies
$200,000
Development of an online learning platform for remote education
$200,000
Opening a new community art center with a focus on local artists
$200,000
Implementing a new customer management software to enhance client relations and service efficiency
$350,000
Creating a renewable energy initiative to install solar panels in residential buildings
$270,000
Launching a mobile app to connect freelancers with local businesses
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the location and business focus.
- The applicant's business must be located within the Kitikmeot Region, which includes Cambridge Bay, Kugluktuk, Gjoa Haven, Kugaaruk, Taloyoak, Bay Chimo, and Bathurst Inlet.
- The applicant must be seeking support for community economic development within this region.
- The business should fall within the categories of non-profit, small businesses, or community organizations.
grant_eligibility_criteria|who_can_apply
The context provided does not specify any evaluation and selection criteria for projects under the grant offered by the Kitikmeot Community Futures Inc. (KCFI). Therefore, there are no details available about the criteria or point scores to be allocated.
grant_eligibility_criteria|eligible_expenses
The Canada Nunavut Business Service Centre offers various services and programs to support business development and community well-being in the Kitikmeot Region. Eligible activities focus on providing financial assistance, business planning, and support services to small businesses and non-profit organizations.
- Access to term loans and startup funds up to $450,000.
- Provision of business guarantees or bid bonds.
- Supply inventory and capital funding for businesses.
- Business counseling and technical assistance services.
- Development of comprehensive business plans and monitoring assistance.
- Support through the Catalyste+ Advisory and Mentorship Program.
- Bookkeeping services for non-profit and community organizations.
grant_eligibility_criteria|zone
The eligible expenses for assistance provided by Kitikmeot Community Futures Inc. relate to business funding and support.
- Term loans.
- Guarantees and bid bonds.
- Startup funds.
- Inventory supply costs.
- Capital funds.
- Business counseling and technical assistance costs.
- Business planning and monitoring assistance costs.
- Line of credit.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. Applications will be assessed based on the following criteria:
- Demonstrated need for funding
- Viability and sustainability of the proposed project
- Potential impact on the community
- Applicant's capacity to successfully carry out the project
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Download Application Form
- Visit the official Kitikmeot Community Futures Inc. website or the specific section for grants and assistance.
- Download the application form for the specific assistance you are applying for.
- Step 2: Complete Application Form
- Fill out all required sections of the application form accurately with personal, business, and project details.
- Ensure all entries are clear and legible, and all required fields are properly completed.
- Step 3: Prepare Supporting Documents
- Gather any required supporting documents such as business plans, financial statements, and identification documents.
- Follow any specific guidelines on document types and details that need to be included.
- Step 4: Review Application
- Carefully review the completed application form and all supporting documents.
- Ensure there are no errors, and that all required information is included.
- Step 5: Submit Application
- Submit the application form and all supporting documents as instructed, either in person at the Kitikmeot Community Futures Inc. office or through email as specified in the application instructions.
- Contact the office if submission methods are unclear or if you require assistance.
- Step 6: Confirmation
- Await confirmation of receipt of your application.
- Retain any confirmation details for your records and any future correspondence.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- KCFI offers a range of services that could support grant applicants, such as bookkeeping services, advisory and mentorship programs, and resources for Indigenous women entrepreneurs.
- The organization also provides substantial loan options, which could complement grant funding for business initiatives.
- A Business Service Centre is available to assist with various administrative and business startup tasks.
- KCFI hosts events such as the Annual General Meeting, which could be networking opportunities for grant applicants.
grant_single_labels|contact
mepp@kcfi.ca
867-983-7383
Apply to this program
Empowering Businesses in the Heart of Kitikmeot Region
The Kitikmeot Community Futures Inc. (KCFI) grant offers substantial financial support and guidance to nurture businesses and nonprofit organizations within the Kitikmeot Region. This initiative is dedicated to enhancing the economic landscape of communities such as Cambridge Bay, Kugluktuk, Gjoa Haven, Kugaaruk, Taloyoak, Bay Chimo, and Bathurst Inlet.
Diving Into the Potential of the KCFI Grant Program
The Kitikmeot Community Futures Inc. (KCFI) grant serves as a beacon for aspiring entrepreneurs and existing business entities in the Kitikmeot Region seeking to bolster their economic activities. This grant program is an essential component of community economic development, offering term loans, startup funds, and other financial instruments up to $450,000 to drive business growth. The primary aim is to fuel local economies, empowering businesses to build, expand, and sustain themselves more efficiently and effectively. The initiative supports a wide array of business needs, including inventory supply and capital funds, ensuring that both immediate operational requirements and long-term objectives can be met.
Through its comprehensive services, KCFI not only provides financial instruments but also extends its support with business counseling and technical assistance. This ensures that businesses do not only receive the funds they need but also gain invaluable guidance on business management, planning, and monitoring. The integration of business counseling aims to foster a nurturing environment where entrepreneurs can learn and grow, facilitating more robust and sustainable business ventures.
The bookkeeping services offered by KCFI cater specifically to the unique needs of non-profit and community organizations, as well as small businesses in the region. These services are designed to relieve such entities from the complexities of regulatory compliance, allowing them to focus on their core objectives without the administrative burden that can often stifle growth.
The KCFI grant also places a special emphasis on reducing barriers faced by Indigenous women in business. By focusing on empowering this demographic, the grant supports a more inclusive economic environment, where diverse voices and perspectives can contribute significantly to the regional economy. This approach not only fosters equality but also enhances the socio-economic fabric of the community through diversification of business leadership and innovation.
Moreover, KCFI offers an Advisory and Mentorship Program under the Catalyste+ initiative, fostering a network where individuals can benefit from tailored advice and guidance. This mentorship has a profound impact on entrepreneurs as it provides them with strategic insights and professional wisdom that can guide their business decisions effectively. Such initiatives help in building a resilient business community equipped with the skills and knowledge to navigate the challenges of modern-day commerce.
The grant and support mechanisms put in place by KCFI demonstrate a firm commitment to nurturing the entrepreneurial spirit in the Kitikmeot Region. Businesses seeking assistance are encouraged to apply through the systematic application process to ascertain they meet the grant criteria, facilitating a seamless acquisition of the necessary resources.
For potential businesses looking to develop their ideas into feasible ventures, KCFI provides resources like the Business Plan Template that aids in structuring proposals effectively. This tool helps applicants present well-rounded business plans that are attractive to financiers and contribute to a higher success rate in securing funds.
Overall, the KCFI grants and services stand as a crucial lifeline for businesses in the Kitikmeot Region, aiming to thread economic progress with regional development. By addressing unique community needs and the challenges faced by different demographic groups, KCFI is pivotal in crafting a more prosperous and equitable economic landscape.
