Closed
Support for Entrepreneurs and Economic Development (SEED) — Strategic Investments
Funding for NWT business expansion projects
Last Update: March 6, 2026
Funding available
$ 75,000
Timeline
- Open Date : April 1, 2023
- Closing date : March 31, 2024
Location
Northwest Territories, Canada
Overview
Access up to $75,000 to make large investments in your company in order to expand and grow your business and partake in major economic development projects that meet established criteria.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Increase social or community impact
- Develop strategic partnerships
Eligible Funding
- Maximum amount : 75,000 $
- Up to 30% of project cost
Timeline
- Open Date : April 1, 2023
- Closing date : March 31, 2024
Eligible candidates
Eligible Industries
- All industries
Location
- Northwest Territories
Legal structures
- Sole proprietorship
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Large business investments to expand and grow NWT businesses
Documents Needed
- Completed application form
- Project proposal or business plan
- Project cost quotations
- Required permits, licences, or other documents
- Supporting financial statements, where requested
Eligibility
Who is eligible?
- NWT businesses
Eligible expenses
The Strategic Investments program supports large investments made by NWT businesses to boost economic activity and employment in local communities. Projects that prioritize technology and innovation are given precedence.
- Projects that directly increase the business and economic activity of the local community, or communities.
- Initiatives that directly result in increased employment outcomes in the local community, or communities.
- Investments that leverage funding sources outside the Government of Northwest Territories.
- Projects that align with Department strategies and/or regional economic development plans.
Ineligible Costs and Activities
- Infrastructure responsibilities of other levels of government
- Land assembly or residential land development
- Projects that would effectively benefit only one business
Eligible geographic areas
- Yellowknife
- Hay River
- Fort Smith
- Inuvik
- Other communities in the Northwest Territories
Processing and Agreement
- Applications are reviewed by the regional office.
- Applications are assessed for eligibility and program fit.
- Funding decisions may be approved or declined.
- Approved applications require a contribution agreement.
- Applicants may need to provide follow-up information and financial reporting.
Additional information
Here are additional relevant details for this grant:
- The application period starts on April 1 and ends on March 31 annually, allowing businesses to plan submissions within this timeframe.
- It is recommended to have a discussion with a regional Economic Development Officer, which may provide valuable insights and additional support.
- A minimum equity requirement varies by community, potentially affecting the overall project budget.
Contacts
Frequently Asked Questions about the Support for Entrepreneurs and Economic Development (SEED) — Strategic Investments Program
Here are answers to the most common questions about the Support for Entrepreneurs and Economic Development (SEED) — Strategic Investments. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Support for Entrepreneurs and Economic Development (SEED) — Strategic Investments?
Access up to $75,000 to make large investments in your company in order to expand and grow your business and partake in major economic development projects that meet established criteria.
How much funding can be received?
Support for Entrepreneurs and Economic Development (SEED) — Strategic Investments Funds up to 30% of admissible expenses, capped at $75,000 per project.
What is the deadline to apply?
The application deadline for this grant program was March 31, 2024.
Who is eligible for the Support for Entrepreneurs and Economic Development (SEED) — Strategic Investments program?
To be eligible for the Support for Entrepreneurs and Economic Development (SEED) — Strategic Investments program, you must:
NWT businesses only
Large investment to expand
Project must support local economic activity
What expenses are eligible under Support for Entrepreneurs and Economic Development (SEED) — Strategic Investments?
Large business investments to expand and grow NWT businesses
Who can I contact for more information about the Support for Entrepreneurs and Economic Development (SEED) — Strategic Investments?
You can contact Government of the Northwest Territories (GNWT) or by phone at 867-587-7171.
Where is the Support for Entrepreneurs and Economic Development (SEED) — Strategic Investments available?
The Support for Entrepreneurs and Economic Development (SEED) — Strategic Investments program is available the province of Northwest Territories.