How much funding can be received?

Get up to $8,000 per year to attend conferences, tradeshows, and seminars to access information on new technologies and business opportunities to build your business.

grant_single_labels|projects

This grant is specifically available to companies and residents located within the Northwest Territories (NWT) in Canada. The eligibility is focused on supporting business intelligence and networking within this region to foster economic development.

Companies and individuals residing in the Northwest Territories (NWT).

grant_single|admissibleProjectsExample

$1,650

Attending CleanTech 2023 to investigate sustainable energy solutions for manufacturing

$800

Attending the National Franchise Expo to discover new franchising opportunities

$3,000

Attending CES 2023 in Las Vegas to explore new technology solutions for digital marketing

$1,500

Attending Vancouver International Boat Show to gain insights on marine technology advancements

$1,300

Attending the Advertising Week Conference to learn about latest trends and strategies in advertising

$1,150

Attending the North American Plant Expo to learn about innovative agricultural technologies

grant_single_labels|admissibility

The eligibility for this grant requires specific conditions related to residency and business operations in the Northwest Territories (NWT), Canada.

The applicant must be an NWT Resident.
The applicant must be a business operating in the NWT.

grant_eligibility_criteria|who_can_apply

NWT Residents and NWT Businesses are eligible to apply for the Business Intelligence and Networking program.

grant_eligibility_criteria|who_cannot_apply

Some types of companies may not be eligible for this grant. The eligibility criteria do not specify any specific exclusions.

However, here are some general types of companies that may not be eligible for the grant:

Non-resident businesses
Non-registered businesses
Businesses with outstanding tax liabilities

grant_eligibility_criteria|eligible_expenses

This grant facilitates the acquisition of business intelligence and networking opportunities for NWT residents and businesses by supporting travel costs related to industry events. Eligible projects focus on attending seminars and trade shows to gain insights into new technologies and business opportunities.

Attendance at seminars offering information on cutting-edge technologies.
Participation in trade shows that present new business opportunities.

grant_eligibility_criteria|zone

The grant covers specific expenses related to attending seminars and trade shows for business intelligence and networking purposes.

Event registration fees.
Lowest available airfare.
Standard accommodation.

grant_single_labels|criteria

There are evaluation and selection criteria for this grant. Applicants are evaluated based on the relevance of the proposed activities to their business development, the potential impact of the networking opportunity, and the clarity and feasibility of the proposed plan.

Relevance of proposed activities to business development
Potential impact of networking opportunity
Clarity and feasibility of proposed plan

grant_single_labels|register

Here are the steps to apply for the Business Intelligence and Networking grant:

Step 1: Initial Consultation
- Contact your regional Economic Development Officer to discuss your concept or idea.
- Gain feedback and guidance on your proposal.
Step 2: Complete Application Form
- Download and complete the SEED Application Form from the available resources.
- Ensure all sections of the form are filled out accurately.
Step 3: Prepare Supporting Documents
- Gather all required documents listed in the application checklist.
- Ensure documents comply with the criteria outlined in the SEED Policy.
Step 4: Submit Application
- Submit the completed application form along with all supporting documents.
- Send the application to your respective regional office, such as Sahtu, South Slave, North Slave (Yellowknife or Behchokǫ̀), Beaufort-Delta, or Dehcho.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

Applicants are advised to contact their regional Economic Development Officer for guidance before submitting an application to enhance their chances of success.
Funding applications are assessed based on the potential benefit to the business and the overall economic impact within the NWT.

grant_single_labels|contact

867-587-7171

Apply to this program

Enhance Your Business with Networking and Intelligence Opportunities

The Business Intelligence and Networking program offers essential financial aid to Northwestern Territories residents and businesses aiming to explore new technologies and business prospects through seminars and trade shows. Eligible applicants can receive up to $4,000 per trip, with overall annual funding capped at $8,000 per business or resident.

Detailed Insights into the Business Intelligence and Networking Program

The Business Intelligence and Networking Program, managed by Northwest Territories Industry, Tourism and Investment, is a strategic initiative designed to support regional businesses and residents in expanding their horizons and enhancing their competitive edge. This program is particularly beneficial for those looking to acquire new knowledge, develop strategic business contacts, and stay abreast of the latest innovations within their industry. With globalization and constant technological advancement, staying connected and informed has become quintessential for business success, especially for those in the geographically isolated regions of the Northwest Territories.

The program provides substantial financial assistance for participation in industry-relevant seminars and trade shows, where individuals can gather crucial insights and make valuable partnerships. Through these events, entrepreneurs and business professionals can learn about the latest trends in their sector, discover new technologies that can be applied to their business, and identify potentially untapped markets. They also have the opportunity to forge networks that could lead to fruitful collaborations and partnerships that open doors to new opportunities.

Financial aid from the program includes reimbursement for essential trip-related expenses such as registration fees, airfare at the lowest available rate, and standard accommodation costs. To qualify for assistance, total travel costs must exceed $1,500 per traveler, ensuring that support is granted for significant investment in business development activities. While incidentals like per diems, salaries, and honoraria are not covered, the financial relief offered on substantial travel and participation costs can significantly reduce the burden on businesses, allowing them to redirect funds towards core operational needs.

In terms of funding logistics, each trip can receive up to $4,000 per resident involved, with an annual limit of $8,000 per resident or business, which helps businesses demonstrate commitment to their continued learning and growth. The program has put in place equity requirements, ensuring that applicants are also invested in their development endeavors. For trips within the Northwest Territories, a minimum contribution of $500 towards eligible expenses is required; for trips outside the territory, this minimum rises to $1,000. Such stipulations encourage applicants to carefully plan and prioritize their investments in business intelligence and networking endeavors.

The application process for the Business Intelligence and Networking Program is straightforward yet requires thoughtful preparation. Interested NWT residents and businesses are urged to consult with a regional Economic Development Officer to discuss their ideas before developing their proposal. This preliminary consultation helps applicants align their objectives with program criteria, increasing their chances of securing funding. Following this, applicants need to complete a comprehensive application form and ensure that all necessary documentation, as outlined in the provided checklist, accompanies their submission. This thorough approach ensures that applicants provide a strong case for how the program's support will be optimally utilized to advance their business interests.

The annual funding cycle runs from April 1 to March 31, allowing businesses a broad window to plan their networking and intelligence-gathering activities. By participating in this program, NWT residents and businesses can not only reduce the financial barriers associated with significant professional travel but also position themselves strategically within their industry. The ability to access cutting-edge information and form strategic networks is invaluable, particularly as businesses navigate rapidly changing markets and evolving consumer preferences.

Ultimately, the Business Intelligence and Networking Program supports sustainable business growth in the Northwest Territories by facilitating knowledge acquisition and encouraging strategic partnerships. This contributes to the broader economic development of the region, where enhancing business capabilities can drive innovation, increase competitiveness, and ensure long-term success in the marketplace. The assistance provided under this program underscores the importance of continuous education and collaboration in achieving enduring business outcomes.