Support for Entrepreneurs and Economic Development (SEED) — Sector Research Support

This grant offers support for sector-specific initiatives by providing financial assistance to enhance industry understanding and development potential. The funding approach ensures that research and marketing efforts are well-backed to foster sector advancements.

• Provision of up to $25,000 for sector-specific research or planning that aids in the sector's growth or attractiveness to investors.
• Financial support for investment in sector-specific product development and marketing campaigns.
• Funding is distributed based on a cost-sharing model with equity requirements set at 30% for Group 1 communities and 20% for Group 2 communities.
• The grant period spans from April 1 to March 31 each year.

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.

Who is eligible?

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.

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

Additional relevant details for this grant are not specified in the given context.