How much funding can be received?

Funds up to 450000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the KCFI – Cambridge Bay, Nunavut?

KCFI – Cambridge Bay, Nunavut is funded by Kitikmeot Community Futures Incorporated

What are KCFI – Cambridge Bay, Nunavut's eligibility criterias?

Businesses must serve the Kitikmeot Region including Cambridge Bay, Kugluktuk, Gjoa Haven, Kugaaruk, Taloyoak, Bay Chimo, and Bathurst Inlet. Eligible for-profit small businesses and community organizations seeking financial support. Indigenous women entrepreneurs are encouraged to apply.

KCFI – Cambridge Bay, Nunavut

Last Update: July 22, 2025

NU, Canada

Advice and expertise for entrepreneurs in Kitikmeot/Cambridge Bay

KCFI – Cambridge Bay, Nunavut at a glance

Eligible Funding

Max. $450,000

Timeline

Unspecified

Financing Type

Expert Advice

Eligible Industries

All industries

Grant Providers

Kitikmeot Community Futures Incorporated

Program status

Open

Overview of the KCFI – Cambridge Bay, Nunavut program

Access business information on government services, reports and library resources tailored to meet your business needs.

Financing terms and conditions

This financing program supports the economic development of small businesses and community organizations in the Kitikmeot Region through a variety of loan options and business services. KCFI provides comprehensive financial support tailored to the region's entrepreneurial needs.

Loans up to $450,000 for a range of business needs.
Term loans available to support business financing.
Provision of guarantees and bid bonds.
Access to startup funds to assist new businesses in their initial stages.
Inventory supply financing to maintain business operations.
Offer of capital funds to support equipment and operational expenses.
Business counseling and technical assistance for strategic growth.
Business planning and monitoring assistance to ensure long-term success.
Line of Credit to manage cash flow and business expenses effectively.

Eligible projects & activities

This grant supports activities fostering community economic development and entrepreneurial support in the Kitikmeot Region. Eligible initiatives primarily focus on providing financial assistance, advisory services, and business support resources.

Provision of term loans, guarantees, and startup funds to businesses.
Offering inventory supply and capital funds to support business operations.
Delivering business counseling and technical assistance services.
Providing business planning and monitoring assistance.
Facilitating access to lines of credit for business growth.
Bookkeeping services for non-profits, community organizations, and small businesses.
Advisory and mentorship programs to foster business development.
Support programs aimed at reducing barriers for indigenous women in business.

Examples of admissible projects:

$ 200,000

Opening a new community art center with a focus on local artists

$ 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

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

Eligibility criteria of the KCFI – Cambridge Bay, Nunavut program

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.

Who is eligible?

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.

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.

Eligible geographic areas

This grant is available to companies located in specific geographical areas within the Kitikmeot Region of Nunavut. The eligible locations are targeted to support economic development and social well-being.

Cambridge Bay
Kugluktuk
Gjoa Haven
Kugaaruk
Taloyoak
Bay Chimo
Bathurst Inlet

Eligibility criteria of the KCFI – Cambridge Bay, Nunavut program

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

How to apply to the KCFI – Cambridge Bay, Nunavut program

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.

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.

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.

Review Application

Carefully review the completed application form and all supporting documents.
Ensure there are no errors, and that all required information is included.

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.

Confirmation

Await confirmation of receipt of your application.
Retain any confirmation details for your records and any future correspondence.

Additional information

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.