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Kivalliq Business Development Centre
Financing and business guidance in the Kivalliq region
Last Update: March 24, 2026
Funding available
$ 150,000
Timeline
- Open continuously
Location
Nunavut, Canada
Overview
Access loan funds and business support to develop new or existing ventures in the Kivalliq Region. The program also supports start-up, expansion, and stabilization plans, including projects that help maintain or create jobs.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Reduce environmental footprint
- Access new markets
- Launch or market a product/service
Eligible Funding
- Maximum amount : 150,000 $
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- All industries
Location
- Nunavut
Legal structures
- For-profit business
- Social economy enterprise
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Start-up projects for new businesses and social enterprises.
- Expansion projects for existing businesses.
- Stabilization projects to help maintain jobs.
- Community-based projects supporting economic development.
Documents Needed
- Completed application form
- Business plan template
- Personal information form
Eligibility
Who is eligible?
- Businesses in the Kivalliq Region
- New entrepreneurs
- Existing business owners
- Local community groups
- Social enterprises
Eligible expenses
Kivalliq Business Development Centre offers various funding programs for businesses in the Kivalliq region. The eligible projects and activities are focused on providing financial support and assistance to new and existing businesses for growth and community development.
- Obtaining term loans for business expansion and development.
- Accessing guarantees or bid bonds for commercial ventures.
- Securing startup funds for new business initiatives.
- Procuring inventory supply to support business operations.
- Acquiring capital funds for business infrastructure.
- Receiving business counseling and technical assistance.
- Engaging in business planning and monitoring support services.
- Utilizing a line of credit for financial flexibility.
Eligible geographic areas
- Kivalliq Region
- Baker Lake
- Coral Harbour
- Chesterfield Inlet
- Rankin Inlet
- Whale Cove
- Arviat
- Naujaat (Repulse Bay)
Processing and Agreement
- Applications are reviewed by KBDC.
- KBDC may inspect records and make credit checks to evaluate the application.
- The applicant must complete the declaration for the application to be processed.
Frequently Asked Questions about the Kivalliq Business Development Centre Program
Here are answers to the most common questions about the Kivalliq Business Development Centre. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Kivalliq Business Development Centre?
Access loan funds and business support to develop new or existing ventures in the Kivalliq Region. The program also supports start-up, expansion, and stabilization plans, including projects that help maintain or create jobs.
How much funding can be received?
Kivalliq Business Development Centre Funds up to $150,000 of admissible expenses.
Who is eligible for the Kivalliq Business Development Centre program?
To be eligible for the Kivalliq Business Development Centre program, you must:
Business located in the Kivalliq Region
Business shows community benefit
What expenses are eligible under Kivalliq Business Development Centre?
Start-up projects for new businesses and social enterprises.
Expansion projects for existing businesses.
Stabilization projects to help maintain jobs.
Community-based projects supporting economic development.
Who can I contact for more information about the Kivalliq Business Development Centre?
You can contact Kivalliq Business Development Centre (KBDC).
Where is the Kivalliq Business Development Centre available?
The Kivalliq Business Development Centre program is available the province of Nunavut.
Is the Kivalliq Business Development Centre a grant, loan, or tax credit?
Kivalliq Business Development Centre is a Expert Advice