
Support for Entrepreneurs and Economic Development (SEED) — Sector Research Support
- Open Date : April 1, 2023
- Closing date : March 31, 2024
Overview
Receive up to $25,000 to develop new products or packages, or to work on enhancing your organization's strategic advantage in priority sectors.
At a glance
Funding available
- Develop a new product or service
- Access new markets
- Launch or market a product/service
- Maximum amount : 30,000 $
- Up to 30% of project cost
- Open Date : April 1, 2023
- Closing date : March 31, 2024
Eligible candidates
- Agriculture, forestry, fishing and hunting
- Utilities
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Arts, entertainment and recreation
- Accommodation and food services
- Northwest Territories
- For-profit business
- Social economy enterprise
- All revenue ranges
- All organization sizes
- All groups
Next Steps
Activities funded
This grant provides financial assistance to business associations and communities in the NWT to support research and expansion activities that enhance their presence in specific sectors. Eligible projects aim to leverage sector-specific knowledge and marketing initiatives to attract investment and boost sector development.
- Conducting sector-specific research or planning to provide critical information for sector development and investment attraction.
- Investing in product development and related packaging materials tailored to a specific sector.
- Implementing sector-specific marketing campaigns to increase visibility and attract investment.
Eligibility
Who is eligible?
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.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.
Eligible geographic areas
This grant primarily supports businesses, associations, and municipalities within the Northwest Territories (NWT). Eligible locations include communities within the specified geographical divisions of NWT.
- Group 1 communities: Yellowknife, Hay River, Fort Smith, and Inuvik.
- Group 2 encompasses all other NWT communities.
Additional information
Additional relevant details for this grant are not specified in the given context.