Support for Entrepreneurs and Economic Development (SEED) — Entrepreneur Support
NT, Canada
Funding for entrepreneurs in the Northwest Territories
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateApril 01, 2024
- grant_single|closingDateMarch 31, 2025
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Information and cultural industries
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
grant_single|grantors
- Minister of Industry, Tourism and Investment (NT)
- Government of the Northwest Territories
grant_single|status
grant_card_status|open
grant_single_labels|preview
Financial assistance of up to $25,000 for start-up, asset acquisition, market and product development, and operational support.
grant_single_labels|projects
There are several activities eligible for this grant:
- Startup Funding
- Capital Asset Acquisition
- Market and Product Development
- Operational Support
- Support for Film
grant_single|admissibleProjectsExample
$25,000
Toronto
Acquisition of new lab equipment for a biotech start-up
$25,000
Montreal
Film development and marketing support for a documentary
$25,000
Yellowknife
Development of an online marketplace for local artisans
$25,000
Vancouver
Operational support for a new community theatre
$25,000
Ottawa
Launching a new financial cooperative
$25,000
Calgary
Market development for a new line of eco-friendly products
grant_single_labels|admissibility
The eligibility criteria for this grant include being a business or entrepreneur in the Northwest Territories (NWT) and applying for funding through the appropriate channels.
- NWT Businesses and entrepreneurs are encouraged to apply.
grant_eligibility_criteria|who_can_apply
Northwest Territories businesses and entrepreneurs are eligible to apply for this grant.
- NWT businesses
- Entrepreneurs
grant_eligibility_criteria|who_cannot_apply
Some types of companies may not be eligible for this grant:
- Companies located outside the Northwest Territories
- Non-profit organizations
- Government agencies
- Companies not engaged in commercial activities
grant_eligibility_criteria|eligible_expenses
There are eligible expenses for this grant. Startup funding, capital asset acquisition, market and product development, operational support, and support for film are some of the categories where expenses can be covered.
- Planning and engineering costs
- Capital item purchases
- Market development for NWT products
- Business skills and capacity building
- Film development and marketing
grant_single_labels|criteria
The evaluation and selection criteria for this grant are based on the following:
- Demonstrated need for funding
- Viability of the proposed project or business
- Potential economic impact in the NWT
- Ability to create or sustain jobs
- Alignment with program objectives and priorities
grant_single_labels|register
- Step 1: Contact your regional Economic Development Officer to discuss your idea prior to the development of your proposal.
- Step 2: Complete an application form and attach all required documents identified in the application checklist.
- Step 3: Submit the completed application form to your regional office.
grant_single_labels|otherInfo
- Applicants should be aware that the funding is available on an annual basis from April 1 to March 31, and they need to adhere to the specific equity requirements based on the community in which they operate.
- It is important to engage with regional Economic Development Officers to discuss project ideas prior to submitting a proposal for funding.
grant_single_labels|contact
867-587-7171
Apply to this program
Entrepreneur Support Program Overview
Entrepreneur Support Program in Northwest Territories, Canada
The Entrepreneur Support program in Northwest Territories offers funding opportunities to entrepreneurs and small businesses for startup, business expansion, market and product development, capacity building, operational support, and film projects.
Under this program, eligible businesses can receive up to $25,000 in support across categories like Startup Funding, Capital Asset Acquisition, Market and Product Development, Operational Support, and Support for Film. The funding aims to drive economic growth, create employment opportunities, enhance business competitiveness, and support the development of various industries in the region.
Startup Funding under the program assists with planning, engineering, initial working capital, and other developmental costs essential for launching a business. Capital Asset Acquisition is targeted towards businesses in Level 2 communities, providing support for capital item purchase, equity leverage for loans, and seizing business opportunities to sustain job creation and enhance business efficiency.
Market and Product Development funding supports initiatives that increase sales of NWT products, promote the region as a travel destination, and facilitate participation in trade shows to showcase products and services. Operational Support is designed to enhance business skills, address issues faced by businesses, develop recovery or restructuring plans, and provide emergency relief to support business continuity.
Additionally, the program offers support for Film activities, including development, marketing, promotion, sponsorship, and partnerships in the film industry. It encourages businesses and entrepreneurs in Northwest Territories to apply for funding to fuel their projects and contribute to the economic development of the region.
For businesses based in NWT looking to access funding support, it is recommended to engage with regional Economic Development Officers, discuss project ideas, and ensure compliance with the application process. By completing the application form and submitting all required documents, businesses can avail themselves of financial assistance and entrepreneurial resources provided through the Entrepreneur Support program to facilitate growth and innovation within the region.