Self-Employment Program
grant_single|update January 24, 2025
NT, Canada
Money and training for self-employment in NWT
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
Expert Advice
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Culture and Employment (YK)
- Department of Education (YK)
- Government of the Northwest Territories
grant_single|status
grant_card_status|open
grant_single_labels|preview
Access up to 52 weeks of financial support, business information, orientation sessions, and business planning assistance to start your own business.
grant_single_labels|terms_and_conditions
The Self-Employment Program provides a structured funding approach aimed at supporting the financial needs of new entrepreneurs in the Northwest Territories. The total funding amount and manner of disbursement are designed to facilitate business startup and development over a specified time period.
- Total assistance provided through the program does not exceed $26,000 for a period of 52 weeks.
- Funding includes all eligible benefits within the maximum amount specified.
grant_single_labels|projects
The activities eligible for the Self-Employment Program grant are designed to support individuals in starting or acquiring small businesses. This involves full-time commitment and participation in an exploratory and planning phase to ensure the business's potential success.
- Assessment of the business idea, including feasibility and market potential analysis.
- Personal suitability evaluation for entrepreneurship.
- Financial risk assessment to determine the viability of the business.
- Development of resources required to start and sustain the business.
- Completion of a Career Action Plan with guidance from Career Development Officers.
- Orientation sessions with a Business Expert to finalize business planning and readiness.
grant_single|admissibleProjectsExample
$ 26,000
Starting a non-financial cooperative providing shared office spaces
$ 26,000
Launching a social economy enterprise to provide renewable energy solutions
$ 26,000
Opening a specialty bakery specializing in gluten-free products
$ 26,000
Opening a vegan restaurant specializing in locally sourced ingredients
$ 26,000
Establishing a tech startup focusing on AI-driven financial solutions
grant_single_labels|admissibility
Eligibility for this program is determined by specific requirements related to the individual's residency, age, and status in Canada.
- The individual must reside in the Northwest Territories (NWT).
- The individual must be of school leaving age, which is 16 years old or older.
- The individual must be a Canadian citizen, permanent resident, or a protected person as defined by the Immigration and Refugee Protection Act, and entitled to work in Canada.
grant_eligibility_criteria|who_can_apply
Individuals eligible for the Self-Employment Program must reside in the Northwest Territories (NWT), be at least 16 years old, and be a Canadian citizen, permanent resident, or protected person authorized to work in Canada. They must also be starting a small business or taking over an existing business in which they did not previously have ownership, and not have held a business licence for more than three months or participated in the self-employment program in the last five years.
grant_eligibility_criteria|eligible_expenses
This program provides support to individuals embarking on their entrepreneurial journeys in the NWT, focusing on both new ventures and the acquisition of existing businesses. Eligible activities foster full-time dedication to these enterprises, under specific conditions and guidance.
- Starting a new small business, where the applicant becomes a full-time entrepreneur.
- Taking over an existing business without prior ownership experience, committing to full-time engagement.
- Receiving business counselling to assess and mitigate financial risks and enhance prospects for success.
- Engaging with Career Development Officers for personalized action plans and readiness assessments.
- Participating in orientation sessions and ongoing support from a Business Expert.
grant_eligibility_criteria|zone
The Self-Employment Program is accessible to eligible individuals residing in the Northwest Territories (NWT). This regional focus supports local entrepreneurial activities.
- Residents of the Northwest Territories.
grant_single_labels|criteria
For the Self-Employment Program in the Northwest Territories, applicants are evaluated based on residency, age, and immigration status. The evaluation criteria include:
- Reside in the NWT
- Be of school leaving age (16 years old or older)
- Be a Canadian citizen, permanent resident, or protected person entitled to work in Canada
grant_single_labels|apply
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grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The program is designed to support individuals for up to 52 weeks with a financial cap of $26,000.
- Participants receive career counselling from Career Development Officers throughout the process.
- A Business Expert plays a vital role in the support structure for individuals pursuing self-employment, offering guidance through orientation and assessment.
Apply to this program
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