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 1, 2023
- grant_single|closingDateMarch 31, 2024
- grant_single|grantStatusClosed
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|terms_and_conditions
This grant offers funding assistance specifically for micro-businesses to enhance production and support self-employment in Northwest Territories. The modalities ensure that recipients have access to necessary resources under specific funding categories.
- Up to $6,000 provided over a three-year period.
- Funds can be drawn in four distinct categories: purchasing tools and equipment, raw materials for arts and crafts, film making equipment, and prospecting supplies.
- Minimum equity requirements vary by location: 30% in Group 1 communities (Yellowknife, Hay River, Fort Smith, and Inuvik) and 20% in Group 2 communities (all other communities within NWT).
- Sweat equity is accepted under certain conditions.
grant_single_labels|projects
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.
grant_single|admissibleProjectsExample
$ 6,000
Acquisition of prospecting supplies for a small-scale mining project
$ 5,000
Purchase of raw materials for traditional beadwork and jewelry-making
$ 6,000
Acquisition of film-making equipment for producing local documentaries
$ 6,000
Purchase of weaving equipment and yarn for traditional textile art
$ 6,000
Purchase of leatherworking tools and materials for creating traditional leather goods
$ 6,000
Purchase of pottery tools and kiln to produce traditional ceramic arts
grant_single_labels|admissibility
Eligible applicants for this grant must meet specific criteria related to residency and business activities.
- The applicant must be a resident or entrepreneur in the Northwest Territories (NWT).
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
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
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
Here are the steps to submit an application for this grant:
- Step 1: Initial Consultation
- Contact your regional Economic Development Officer (EDO) to discuss your project idea.
- Gather initial feedback and advice on your project proposal.
- Step 2: Complete Application Form
- Download and complete the SEED Application Form.
- Ensure all sections of the application form are filled out accurately.
- Step 3: Gather Required Documents
- Refer to the application checklist provided with the SEED Application Form.
- Compile all necessary supporting documents as outlined in the checklist.
- Prepare documents that demonstrate equity contributions, if applicable.
- Step 4: Submit Application
- Submit the completed application form and all supporting documents to your regional office.
- Choose the correct regional office based on your community's location.
- Step 5: Confirmation and Follow-up
- Confirm that your application has been received by your regional office.
- Maintain communication with your regional EDO for any further requirements or updates.
grant_single_labels|otherInfo
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.
grant_single_labels|contact
867-587-7171
