How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Northern Indigenous Economic Opportunities Program (NIEOP) — Entrepreneurship and Business Development

Q: What are Northern Indigenous Economic Opportunities Program (NIEOP) — Entrepreneurship and Business Development's eligibility criterias?

The applicant must be an Indigenous entrepreneur or an Indigenous business. The business must be located in the Canadian territories. The project should aim to establish or grow Indigenous businesses.

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Canada

Financial support for Indigenous businesses in the territories

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Grant and Funding

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Government of Canada
Canadian Northern Economic Development Agency (CanNor)

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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.

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This program is aimed at supporting Indigenous entrepreneurs and businesses to establish or grow their operations. It focuses on enhancing economic opportunities and access to capital in Indigenous communities across the Northern territories.

Support for business plan development and strategic planning initiatives.
Provision of funding for business expansion and startup costs.
Facilitation of market research and feasibility studies for new business ventures.
Access to mentorship and advisory services to strengthen business acumen.
Development of training programs tailored to Indigenous business needs and skills enhancement.

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$ 36,000

Enhancing access to capital for an Indigenous fishing business

$ 30,600

Promoting entrepreneurship in an Indigenous community

$ 72,000

Establishing a new Indigenous restaurant with traditional cuisine

$ 54,000

Establishing a new Indigenous arts and crafts store

$ 67,500

Expanding an Indigenous tourism company focusing on eco-tours

$ 36,000

Expanding an existing Indigenous craft studio

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Eligibility for this grant is determined by specific requirements related to Indigenous entrepreneurs and businesses in the territories.

The applicant must be an Indigenous entrepreneur or Indigenous business.
The business or project must be located within the territories.
The proposed activities must aim to establish or grow the Indigenous business.

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Indigenous entrepreneurs and Indigenous businesses seeking to establish or grow their operations, with support from regional Service Delivery Partners (SDPs) to facilitate access to capital and local economic opportunities in the northern territories of Canada.

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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

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The Entrepreneurship and Business Development (EBD) Program aims to support the growth and establishment of Indigenous businesses. Activities eligible for this grant focus on enhancing business capacity and facilitating economic opportunities.

Business planning and management skills development.
Marketing and market development initiatives.
Access to business financing and capital resources.
Support for business infrastructure and technology adoption.
Training and mentorship programs for Indigenous entrepreneurs.

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This grant is available to companies located in the territories served by CanNor's regional Service Delivery Partners (SDPs). It focuses on enhancing Indigenous entrepreneurship across specific Northern regions.

Businesses located in Nunavut (Qikiqtaaluk) under the Kakivak Association.
Enterprises in Nunavut (Kivalliq) within the Kivalliq Inuit Association region.
Companies based in the Northwest Territories served by the Metis Dene Development Fund.
Organizations in Yukon affiliated with däna Näye Ventures.

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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

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Here are additional relevant details for potential applicants of the Entrepreneurship and Business Development (EBD) Program:

The program may be delivered by regional Service Delivery Partners (SDPs), thereby increasing local and regional access to the program.
Applicants should connect with one of the CanNor approved SDPs for assistance with their project funding applications.