Newfoundland & Labrador Organization of Women Entrepreneurs
NL, Canada
Help for women entrepreneurs in Newfoundland and Labrador
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateJanuary 15, 2024
- grant_single|closingDateMarch 15, 2024
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Newfoundland & Labrador Organization of Women Entrepreneurs
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Get free advice and assistance for starting a new business, growing an existing business or entering new markets, with expert advice, analysis and peer support groups for women entrepreneurs.
grant_single_labels|projects
The Self-Employment Assistance (SEA) program supports individuals in Newfoundland and Labrador who are unemployed and facing challenges in finding sustainable employment, enabling them to start their own businesses. The program provides structured services designed to aid in the conception, planning, and execution of new business ventures.
- Business concept assessment to evaluate the viability of business ideas.
- Business plan counselling to guide in the development of a comprehensive business strategy.
- Advice on conducting market research and gathering relevant business information.
- Assistance in identifying sources of financing for the business.
- Providing access to Self-Employment Assistance for structured support during business establishment.
- Help with identifying training needs and opportunities to enhance skill sets.
- Facilitating connections and building networks within the business community.
grant_single|admissibleProjectsExample
$15,000
Develop an e-commerce platform for local artisans to expand their market reach
$20,000
Launch a mentorship program connecting women entrepreneurs with experienced business leaders
$12,000
Organize workshops to provide marketing strategies for women entrepreneurs
$8,000
Host a series of webinars focused on securing funding for women-owned businesses
$40,000
Create a mobile app to help women entrepreneurs manage their business finances
$30,000
Establish a co-working space for women-led startups to encourage collaboration
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the individual's employment status and recent employment insurance claims.
- The individual must be unemployed at the time of application.
- The individual must have a current Employment Insurance (EI) claim.
- The individual's EI benefit period must have ended within the last three (3) years.
- The individual can have established a benefit period within the past five (5) years, having been paid parental or maternity benefits, and must be re-entering the labor force after caring for a newborn or newly adopted child.
grant_eligibility_criteria|who_can_apply
Any woman in Newfoundland and Labrador who is interested in starting a business can access the start-up services provided. Additionally, unemployed individuals, particularly women, who meet certain Employment Insurance (EI) criteria, may be eligible for the Self-Employment Assistance (SEA) program, which is geared towards those having difficulty finding sustainable employment and interested in establishing their own business.
grant_eligibility_criteria|zone
This program is aimed at women in Newfoundland and Labrador who are interested in starting a business. It is supported by the provincial government and administered through NLOWE within the region.
- Women residing in Newfoundland and Labrador.
grant_single_labels|criteria
The evaluation and selection of projects for the Self-Employment Assistance (SEA) program focus on ensuring the viability and sustainability of the proposed business ventures.
- Completeness and feasibility of the business plan.
- Commitment to working full-time to develop and implement the business plan.
- Potential for economic contribution within Newfoundland and Labrador.
- Clarity in identifying and addressing training needs and business development strategies.
grant_single_labels|register
- Step 1: Contact Business Start-Up Advisor
- Reach out to the Business Start-Up Advisor in your region through phone or email.
- Inquire about the eligibility criteria and initial steps for the grant application.
- Step 2: Assess Business Concept
- Work with the advisor to assess your business concept to determine its feasibility.
- Gather necessary information and feedback to refine your business idea.
- Step 3: Develop Business Plan
- Engage in business plan counselling services to create a comprehensive plan.
- Submit the business plan to the NLOWE SEA Coordinator for review if going through the SEA program.
- Step 4: Eligibility and Application for SEA Program
- Review your eligibility for the Self-Employment Assistance (SEA) program.
- Submit an application for the SEA program through guidance from the Business Start-Up Advisor or directly if applicable.
- Step 5: Application Submission
- Prepare any additional documents or information required for the application.
- Submit the completed application to NLOWE as instructed by your advisor.
- Step 6: Confirmation and Follow-Up
- Await confirmation of receipt of your application.
- Engage in follow-up discussions or additional application processes if necessary.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The program offers potential extended support for up to 52 weeks in total, depending on the completion and evaluation of the business plan.
- Post-approval support is available to assist in the business establishment phase.
- A NLOWE SEA Coordinator will be the primary contact for review and possibly further financial recommendation.
Apply to this program
Empowering Women Entrepreneurs in Newfoundland and Labrador
This grant initiative is tailored to support women in Newfoundland and Labrador who aspire to start their own businesses. It provides a comprehensive suite of free services designed to guide aspiring entrepreneurs from concept to execution.
Unlocking Potential Through Comprehensive Support
Starting a business can be a daunting task, especially for women entrepreneurs navigating the challenges of the current economic landscape. The initiative offers specialized support, ensuring that every woman in Newfoundland and Labrador has the resources they need to transform their business idea into a reality. At the heart of this program is the commitment to fostering a supportive environment conducive to the success of women-led enterprises.
The robust suite of services begins with a business concept assessment, where advisors work closely with prospective entrepreneurs to evaluate and refine their ideas. This includes thorough business plan counselling to help articulate a detailed and actionable strategy. Participants also receive guidance on conducting vital market research to understand their competitive landscape and identify unique value propositions, enabling them to make informed decisions about their business direction.
Crucially, the initiative connects participants with financing avenues, helping them navigate the intricate world of funding and ensuring they have the financial backing necessary to launch and sustain their businesses. Additionally, the Self-Employment Assistance (SEA) program, which is part of this initiative, is particularly vital as it is tailored to those who are unemployed and provides a lifeline of support through the entrepreneurial journey. This support is transformative, offering participants up to 52 weeks of dedicated assistance to create a comprehensive business plan and implement it successfully.
Furthermore, the program places a strong emphasis on continuous development and networking. It helps identify training opportunities that align with individual needs, enhancing the skill sets required for business growth and sustainability. The opportunity to build contacts and networks within the business community is another cornerstone of the program, fostering an ecosystem where women entrepreneurs can thrive through collaboration and shared knowledge.
For those ready to expand their ventures, the Business Growth Advisors offer personalized consulting services. They provide a comprehensive business diagnostic assessment to uncover potential growth areas and challenges. This is complemented by financial analysis and growth strategy development, ensuring that businesses are poised for scaling and increased profitability. Notably, the program also focuses on enhancing human resources and management skills, addressing any skill gaps to bolster effective business leadership.
Overall, this initiative is more than just a support program; it is a catalyst for change, empowering women with the tools, knowledge, and confidence they need to lead successful businesses. By participating, women entrepreneurs not only enhance their own economic potential but also contribute to the broader economic vitality of Newfoundland and Labrador. This grant support paves the way for inclusive and sustainable economic development within the province, reaffirming the importance of women in business as key drivers of innovation and prosperity.
