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.

Financing terms and conditions

This grant provides support specifically aimed at women entrepreneurs in Newfoundland & Labrador, offering guidance and access to other assistance programs, but detailed financing modalities are not explicitly mentioned.

Activities funded

Business concept assessment to evaluate the viability of new business ideas.
Business plan counselling for detailed strategy development and execution.
Advice on conducting market research to gather necessary business information.
Assistance in identifying sources of financing for business start-up or growth.
Access to the Self-Employment Assistance (SEA) Program for eligible individuals.
Identifying and providing access to necessary training and development opportunities.
Opportunities to establish contacts and networks within the local business community.

Examples of admissible projects:

$ 15,000

Develop an e-commerce platform for local artisans to expand their market reach

$ 12,000

Organize workshops to provide marketing strategies for women entrepreneurs

$ 20,000

Launch a mentorship program connecting women entrepreneurs with experienced business leaders

$ 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

Eligibility

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.

Who is eligible?

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.

Eligible geographic areas

This program is available to women entrepreneurs situated in specific geographical locations as defined by the organization. The aim is to support business start-up and growth in these designated areas.

Women located in Newfoundland and Labrador, Canada.

Selection 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.

How to apply

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.

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.

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.

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.

Application Submission

Prepare any additional documents or information required for the application.
Submit the completed application to NLOWE as instructed by your advisor.

Confirmation and Follow-Up

Await confirmation of receipt of your application.
Engage in follow-up discussions or additional application processes if necessary.

Additional information

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

Frequently Asked Questions about the Newfoundland & Labrador Organization of Women Entrepreneurs Program

Here are answers to the most common questions about the Newfoundland & Labrador Organization of Women Entrepreneurs. 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 Newfoundland & Labrador Organization of Women Entrepreneurs?

How much funding can be received?

What expenses are eligible under Newfoundland & Labrador Organization of Women Entrepreneurs?

The Newfoundland & Labrador Organization of Women Entrepreneurs offers a variety of services to support women in starting and growing their own businesses. Eligible activities include business planning, research, funding acquisition, networking, and training opportunities. Business concept assessment to evaluate the viability of new business ideas. Business plan counselling for detailed strategy development and execution. Advice on conducting market research to gather necessary business information. Assistance in identifying sources of financing for business start-up or growth. Access to the Self-Employment Assistance (SEA) Program for eligible individuals. Identifying and providing access to necessary training and development opportunities. Opportunities to establish contacts and networks within the local business community.

What is the deadline to apply?

Is the Newfoundland & Labrador Organization of Women Entrepreneurs a grant, loan, or tax credit?

Who are the financial supporters of the Newfoundland & Labrador Organization of Women Entrepreneurs?

Who is eligible for the Newfoundland & Labrador Organization of Women Entrepreneurs program?

To be eligible for the Newfoundland & Labrador Organization of Women Entrepreneurs program, you must: The applicant must be an unemployed woman in Newfoundland and Labrador interested in starting a business. The applicant must have a current EI claim or have had an EI benefit period end within the last three years, or have received parental or maternity benefits within the past five years and is re-entering the labour force.