
Support for Entrepreneurs and Economic Development (SEED) — Micro-business
- Open Date : April 1, 2023
- Closing date : March 31, 2024
Overview
Micro businesses can get financial assistance of up to $6,000 over three years for the purchase of tools, equipment, traditional harvesting activities, and other self-employment activities.
At a glance
Funding available
- Reduce environmental footprint
- Maximum amount : 6,000 $
- Up to 30% of project cost
- Open Date : April 1, 2023
- Closing date : March 31, 2024
Eligible candidates
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Arts, entertainment and recreation
- Northwest Territories
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Rural or Northern Residents
- Startups
Next steps
Activities funded
This grant assists small businesses and entrepreneurs in acquiring essential resources and tools to enhance production and support self-employment across various industries. The funding focuses on specific categories that include arts, crafts, filmmaking, and resource harvesting.
- Purchasing tools and equipment to increase the quality or quantity of production related to arts and crafts or the traditional economy.
- Purchase of raw materials for the production of traditional arts and crafts.
- Purchase of filmmaking equipment.
- Purchase of prospecting supply, equipment, and other expenses directly related to prospecting activity.
- Support for other self-employment activities.
Eligibility
Who is eligible?
Eligible applicants for the Micro Business program include licensed artists, crafters, filmmakers, commercial renewable resource harvesters, and other small businesses operating within the Northwest Territories (NWT). These individuals or entities must be residents or entrepreneurs residing in the NWT who are seeking funding to support their projects towards sustainability. The program is designed to assist those in the traditional economy, arts and crafts, film production, and prospecting activities, as well as other eligible self-employment initiatives.Eligible expenses
The Micro Business program offers financial assistance for projects aimed at enhancing production quality or quantity, supporting traditional economies, and facilitating self-employment activities. Eligible projects cover various aspects of arts, crafts, filmmaking, and renewable resource harvesting.
- Purchasing tools and equipment to increase the quality or quantity of production related to arts and crafts or the traditional economy.
- Purchase of raw materials for the production of traditional arts and crafts.
- Purchase of film making equipment.
- Purchase prospecting supply, equipment and other expenses directly related to prospecting activity.
- Other self-employment activities.
Eligible geographic areas
This grant is available to residents and entrepreneurs in the Northwest Territories (NWT), Canada. The program supports economic activities in specific NWT communities to enhance local sustainability.
- Yellowknife
- Hay River
- Fort Smith
- Inuvik
- All other communities within the Northwest Territories
Additional information
There are specific considerations and potential benefits associated with the Micro Business program grant.
- A maximum of $6,000 can be provided, which can be drawn over a period of three years.
- The grant can cover four key categories related to production and equipment purchase.
- Equity requirements vary by community group, demonstrating flexibility for communities with differing economic standings.
- The program accepts sweat equity in certain circumstances, adding flexibility for applicants.
Contacts
Frequently Asked Questions about the Support for Entrepreneurs and Economic Development (SEED) — Micro-business Program
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