Northern Indigenous Economic Opportunities Program (NIEOP) — Entrepreneurship and Business Development
Canada
Financial support for Indigenous businesses in the territories
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
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- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Canadian Northern Economic Development Agency (CANNOR)
- Government of Canada
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grant_card_status|open
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Get a financial contribution to cover up to 90% of eligible costs when your Indigenous-led organization undertakes a project to expand your business in one of the 3 northern territories.
grant_single_labels|projects
There are eligible activities for this grant:
- Establishing new Indigenous businesses
- Expanding existing Indigenous businesses
- Enhancing access to capital for Indigenous businesses
- Promoting entrepreneurship in Indigenous communities
grant_single|admissibleProjectsExample
$30,600
Whitehorse
Promoting entrepreneurship in an Indigenous community
$36,000
Yellowknife
Enhancing access to capital for an Indigenous fishing business
$72,000
Iqaluit
Establishing a new Indigenous restaurant with traditional cuisine
$54,000
Yellowknife
Establishing a new Indigenous arts and crafts store
$67,500
Whitehorse
Expanding an Indigenous tourism company focusing on eco-tours
$36,000
Whitehorse
Expanding an existing Indigenous craft studio
grant_single_labels|admissibility
The eligibility criteria for this grant are as follows:
- Applicants must be Indigenous entrepreneurs or Indigenous businesses.
- Projects must support activities that facilitate the establishment or growth of Indigenous businesses.
- Projects must be located in the territories of Nunavut, Northwest Territories, or Yukon.
grant_eligibility_criteria|who_can_apply
Eligible companies for the Entrepreneurship and Business Development (EBD) grant program are Indigenous entrepreneurs and Indigenous businesses looking to establish or expand their operations in the territories. This program aims to support Indigenous businesses across various sectors and enhance their access to capital.
- Indigenous entrepreneurs
- Indigenous businesses
grant_eligibility_criteria|who_cannot_apply
Some types of companies may not be eligible for this grant:
- Non-Indigenous businesses
- Companies operating outside of the territories (Nunavut, Northwest Territories, Yukon)
- Businesses not focused on Indigenous entrepreneurship or development
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant may include:
- Costs related to business planning and development
- Training and capacity building for entrepreneurs
- Marketing and promotion activities
- Purchasing equipment or materials for business operations
- Consultation fees for professional services
grant_single_labels|criteria
There are evaluation and selection criteria for this grant:
- Demonstrated potential for business viability and growth
- Alignment with the program objectives to promote entrepreneurship in Indigenous communities
- Ability to enhance access to capital for Indigenous businesses
- Overall impact on local and regional economic opportunities
grant_single_labels|register
- Step 1: Contact one of the CanNor approved Service Delivery Partners listed in the grant information for assistance with EBD project funding applications.
- Step 2: Request an application form or any additional information regarding the Entrepreneurship and Business Development (EBD) program by emailing Operations@cannor.gc.ca or reaching out to one of the regional offices.
grant_single_labels|contact
operations@cannor.gc.ca
867-873-9341
Apply to this program
Entrepreneurship and Business Development Grant
Understanding the Entrepreneurship and Business Development Grant
The Entrepreneurship and Business Development (EBD) Grant is a program under the Northern Indigenous Economic Opportunities Program (NIEOP) aimed at supporting Indigenous entrepreneurs and businesses in the territories. The objective of the EBD grant is to increase the number of viable Indigenous businesses, promote entrepreneurship in Indigenous communities, improve access to local and regional economic opportunities, and enhance access to capital for Indigenous businesses.
Indigenous entrepreneurs and businesses can receive project-based support through the EBD grant to facilitate their establishment or growth. The program is designed to create a supportive business environment for Indigenous people and foster economic development across various sectors in the territories.
Eligibility and Application Process
To be eligible for the EBD grant, applicants must be Indigenous entrepreneurs or businesses operating in the territories. CanNor may delegate the delivery of the program to regional Service Delivery Partners (SDPs) to increase local and regional access. Interested applicants can connect directly with CanNor approved SDPs, such as the Nunavut Kakivak Association, Kivalliq Inuit Association, Metis Dene Development Fund in the Northwest Territories, and däna Näye Ventures in Yukon.
Applicants can reach out to the CanNor regional offices for more information on the EBD grant and request an application form. The grant aims to provide financial assistance and guidance to Indigenous entrepreneurs and businesses looking to establish or expand their ventures in the territories.
Benefits of the EBD Grant
The EBD grant offers numerous benefits to Indigenous entrepreneurs and businesses, including access to project-based support, assistance in navigating the business environment, and opportunities for growth and prosperity. By promoting entrepreneurship and providing access to capital, the grant aims to empower Indigenous communities and contribute to the sustainable economic development of the territories.
Overall, the EBD grant plays a crucial role in supporting Indigenous entrepreneurship, fostering economic growth, and creating a supportive business ecosystem for Indigenous people in the Northern regions of Canada.
