Support for Entrepreneurs and Economic Development (SEED) — Sector Research Support
NT, Canada
Funding for strategic sector research 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
- Utilities
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Arts, entertainment and recreation
- Accommodation and food services
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
Receive up to $25,000 to develop new products or packages, or to work on enhancing your organization's strategic advantage in priority sectors.
grant_single_labels|projects
The grant is open to businesses operating within specific communities in the Northwest Territories (NWT). These eligible areas are defined under distinct community group categories for funding purposes.
- Group 1 communities: Yellowknife, Hay River, Fort Smith, and Inuvik.
- All other NWT communities are classified under Group 2.
grant_single|admissibleProjectsExample
$25,000
Research on the impact of tech startups in local economy
$25,000
Development of a new tourism package focusing on eco-adventures
$25,000
Enhancing renewable energy capacity for a small-town grid
$25,000
Investment in post-production facilities for the local film industry
$25,000
Modernizing fishing equipment for sustainable operations
$25,000
Developing an advanced irrigation system for sustainable agriculture
grant_single_labels|admissibility
Eligibility for this grant is determined by specific criteria related to the applicant's sector involvement and organizational type.
- The applicant must be a business, Indigenous organization, business association, or municipality located in the Northwest Territories (NWT).
- Applicants for the Capital Expansion Incentive category must be NWT businesses.
- Applicants for the Sector Research Support category must be Indigenous organizations, business associations, or municipalities.
- All applicants must be involved in one of the following sectors: Agriculture, Energy, Film, Fishing, Knowledge Economy, Tourism, or Value-added Manufacturing.
grant_eligibility_criteria|who_can_apply
NWT Businesses can apply to the Capital Expansion Incentive category while Indigenous organizations, business associations, and municipalities can apply to the Sector Research Support category.
grant_eligibility_criteria|eligible_expenses
The grant program offers sector-specific funding for businesses and associations in the Northwest Territories to enhance their capital infrastructure and support sector-oriented research. Eligible projects involve expanding facilities, purchasing new equipment, and conducting vital sector research or marketing initiatives.
- Investment in new or expanded facilities and equipment for NWT businesses as part of the Capital Expansion Incentive.
- Offsetting loan interest associated with new capital purchases aimed at business expansion.
- Conducting sector-specific research or planning to aid business development and attract investments within a sector.
- Investments in sector-specific product development, including packaging materials and sector-specific marketing campaigns.
grant_eligibility_criteria|zone
The funding program supports specific expenses to enhance sector research and capital expansion for NWT businesses and organizations.
- Interest on loans for new capital purchases related to business expansion.
- Sector-specific research or planning activities that enhance sector development or attract investment.
- Costs related to sector-specific product development.
- Expenses for related packaging materials.
- Expenses for sector-specific marketing campaigns.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. Applicants will be assessed based on the following criteria:
- Alignment with designated sectors
- Demonstrated need for funding
- Potential impact on the sector
- Equity requirements
- Completeness of application
grant_single_labels|register
- Step 1: Initial Consultation
- Contact your regional Economic Development Officer to discuss your project idea.
- Seek advice and ensure your project aligns with the sector support criteria.
- Step 2: Prepare Application Documents
- Download the SEED Application Form from the official website.
- Review the SEED Policy to understand the terms and guidelines.
- Check the application checklist to collect all necessary documents and information.
- Step 3: Complete Application Form
- Fill in the application form with detailed information about your project.
- Attach all required documents as per the checklist.
- Step 4: Submit Application
- Submit the completed application form and documents to your regional office.
- Ensure you meet the deadline for annual submissions, from April 1 to March 31st.
grant_single_labels|otherInfo
Additional relevant details for this grant are not specified in the given context.
grant_single_labels|contact
867-687-8023
Apply to this program
Empowering Sector Growth in the Northwest Territories
The Sector Support program in the Northwest Territories (NWT) offers strategic funding to businesses and communities, facilitating capital expansion and sector research to bolster economic growth. Tailored to enhance facilities and foster sector-specific research, this initiative supports key industries vital to the region's development.
Diving Deeper into Sector Support: How It Fuels Innovation and Expansion
The Northwest Territories' Sector Support program is a pivotal initiative aimed at invigorating regional economic sectors by providing financial backing that aligns with specific industry needs. Under this program, two critical funding streams—Capital Expansion Incentive and Sector Research Support—cater to distinct requirements of businesses and associations within designated industries, including Agriculture, Energy, Film, Fishing, Knowledge Economy, Tourism, and Value-added Manufacturing.
The Capital Expansion Incentive is particularly beneficial for NWT businesses seeking to expand their operational capacity through the acquisition of new facilities and equipment. By offsetting loan interest costs associated with these capital purchases, the program mitigates financial barriers, thereby encouraging businesses to invest in growth and innovation. This financial relief, capped at $30,000 over a span of three years, is strategically distributed to ensure sustained support with a maximum of $15,000 available per annum.
Equally significant is the Sector Research Support stream, which addresses the needs of business associations, communities, and Indigenous organizations. By funding research initiatives, planning endeavors, and marketing campaigns, this stream facilitates a deeper understanding of sector dynamics and enhances visibility and competitive advantage in the market. Financial assistance, up to $25,000 per project, enables beneficiaries to invest in crucial sector-specific research, product development, and marketing strategies designed to attract investment and drive sector growth.
To ensure projects are viable and stakeholders are committed to their success, the program stipulates minimum equity contributions—30% for projects in Group 1 communities such as Yellowknife, Hay River, Fort Smith, and Inuvik, and 20% for Group 2 communities, covering other regions in the NWT. This requirement fosters local partnerships and ensures aligned interests between the funding body and recipients, crucial for achieving meaningful economic outcomes.
Applicants are urged to engage proactively with regional Economic Development Officers to refine their proposals, an approach that enhances the alignment of applications with program objectives. The application process is streamlined yet rigorous, involving submission of an application form accompanied by detailed documentation, ensuring that funded projects are well-planned and possess a clear trajectory of impact.
The Sector Support program serves as a cornerstone for economic empowerment in the Northwest Territories, driving sector-specific advancements that promise enhanced sustainability and prosperity. By fortifying infrastructure, enabling research, and fostering a collaborative business environment, the program not only advances current economic sectors but also lays the groundwork for future innovations and investments.
Overall, this initiative is a testament to the region’s commitment to harnessing local strengths and opportunities, ensuring the NWT emerges as a vibrant hub of economic activity. Companies and organizations in the NWT are thus encouraged to explore this funding opportunity as a strategic move towards achieving significant growth and contributing to the region's overall economic resilience.
