Support for Entrepreneurs and Economic Development (SEED) — Micro-business
NT, Canada
Money for micro-businesses in the Northwest Territories
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateApril 01, 2023
- grant_single|closingDateMarch 31, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Arts, entertainment and recreation
grant_single|grantors
- Minister of Industry, Tourism and Investment (NT)
- Government of the Northwest Territories
grant_single|status
grant_card_status|closed
grant_single_labels|preview
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.
grant_single_labels|projects
Projects eligible for this grant include purchasing tools and equipment for arts and crafts production, buying raw materials for traditional arts and crafts, acquiring film-making equipment, purchasing prospecting supplies for related activities, and engaging in other self-employment projects.
- Purchasing tools and equipment to increase the quality or quantity of production related to arts and crafts or 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
grant_single|admissibleProjectsExample
$6,000
Whitehorse
Acquisition of prospecting supplies for a small-scale mining project
$5,000
Winnipeg
Purchase of raw materials for traditional beadwork and jewelry-making
$6,000
Toronto
Acquisition of film-making equipment for producing local documentaries
$6,000
Halifax
Purchase of weaving equipment and yarn for traditional textile art
$6,000
Edmonton
Purchase of leatherworking tools and materials for creating traditional leather goods
$6,000
Vancouver
Purchase of pottery tools and kiln to produce traditional ceramic arts
grant_single_labels|admissibility
This program is open to residents and entrepreneurs in the Northwest Territories who need funding for arts, crafts, film making, prospecting activities, or other self-employment ventures. Minimum equity requirements vary based on community classification.
- NWT Residents and entrepreneurs are eligible to apply.
- Minimum Equity Requirements:
- Group 1 communities (Yellowknife, Hay River, Fort Smith, and Inuvik) – 30% of project costs
- Group 2 communities (all other communities within NWT) – 20% of project costs
- Sweat equity may be accepted in certain circumstances.
grant_eligibility_criteria|who_can_apply
Eligible types of companies for this grant include licensed artists, crafters, filmmakers, commercial renewable resource harvesters, and small businesses in the Northwest Territories.
- Licensed artists
- Crafters
- Filmmakers
- Commercial renewable resource harvesters
- Small businesses
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include purchasing tools and equipment for arts and crafts production, buying raw materials for traditional arts and crafts, acquiring film-making equipment, obtaining prospecting supplies, equipment, and other expenses related to prospecting activities, and funding other self-employment activities.
- Purchasing tools and equipment
- Buying raw materials
- Acquiring film-making equipment
- Obtaining prospecting supplies and equipment
- Funding self-employment activities
grant_single_labels|criteria
There are evaluation and selection criteria for the Micro Business program grant in the Northwest Territories.
- Community Equity Requirements (30% for Group 1 communities and 20% for Group 2 communities)
- Acceptance of sweat equity in specific cases
grant_single_labels|register
- Contact your regional Economic Development Officer to discuss your idea
- Complete the application form and attach all required documents
- Submit the completed application form to your regional office
grant_single_labels|contact
867-587-7171
Apply to this program
Micro-Business Program Overview
Micro-Business Program Providing Financial Support for Artists, Crafters, Filmmakers, and Small Businesses in the Northwest Territories
The Micro-Business Program in the Northwest Territories offers funding opportunities to licensed artists, crafters, filmmakers, commercial renewable resource harvesters, and small businesses. The program aims to assist individuals and businesses in enhancing their projects to achieve sustainability.
With a funding cap of up to $6,000 distributed over three years, applicants can utilize the funds for various purposes such as purchasing tools and equipment for production, acquiring raw materials for traditional arts and crafts, investing in film-making equipment, procuring prospecting supplies, or supporting other self-employment activities.
Eligibility for the program is open to NWT residents and entrepreneurs who meet the Equity Requirements set by the community. The program period runs from April 1st to March 31st each year, providing a pathway for individuals and businesses to access financial support for their creative and entrepreneurial endeavors.
Applicants are encouraged to engage with their regional Economic Development Officer to discuss their project ideas before proceeding with the application process. By completing the application form and submitting all required documents, applicants can seek financial assistance to bolster their artistic, craft, film-making, or small business initiatives in the Northwest Territories.
