TACC New Relationship Trust (NRT) Entrepreneur Equity Match Grant
BC, Canada
Grants for First Nations Entrepreneurs with TACC business loans
grant_single_labels|summary
grant_single|eligibleFinancing
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- grant_single|projectCostPercent
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- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
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grant_single|grantors
- Tale'awtxw Aboriginal Capital Corporation
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grant_card_status|open
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Get an equity match of up to $5,000 for BC First Nation entrepreneurs within the traditional Coast Salish territory for projects to establish, modernize or expand a business.
grant_single_labels|projects
There are eligible projects or activities for this grant.
- Establishing a new business within the traditional Coast Salish territory.
- Modernizing an existing business owned by a BC First Nation entrepreneur.
- Expanding a business operated by a First Nation Community within the eligible territory.
grant_single|admissibleProjectsExample
$1,500
Surrey
Establishing a new eco-friendly cleaning service
$3,750
Burnaby
Establishing a new organic food delivery service
$2,250
Nanaimo
Expanding a traditional Coast Salish art gallery with new exhibit space
$1,125
Vancouver
Modernizing a traditional craft store to incorporate e-commerce capabilities
$3,000
Richmond
Modernizing a fish processing facility with new refrigeration units
$4,750
Victoria
Expanding a community-run agricultural co-op with new equipment
grant_single_labels|admissibility
- Applicants must reside within the traditional Coast Salish territory.
- BC First Nation entrepreneurs and First Nation Community businesses are the only eligible recipients (status or non-status), with priority given to BC First Nation entrepreneurs residing on-reserve.
- Up to a maximum of $5000 or 25% of project costs, whichever is less, in matching equity is available per entrepreneur or community business.
- The entrepreneur equity must be cash equity.
- The equity-matching is conditional on TACC approving a term loan (debt-financing) for the entrepreneur or community business.
grant_eligibility_criteria|who_can_apply
Qualified types of companies for this grant include BC First Nation entrepreneurs and First Nation Community businesses, with priority given to BC First Nation entrepreneurs residing on-reserve. Both status and non-status individuals are eligible to apply.
- BC First Nation entrepreneurs
- First Nation Community businesses
grant_eligibility_criteria|who_cannot_apply
Based on the information provided, BC First Nation entrepreneurs and First Nation Community businesses are the only eligible recipients for the grant, with priority given to BC First Nation entrepreneurs residing on-reserve.
- Non-First Nation entrepreneurs
- Businesses outside the traditional Coast Salish territory
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include:
- Establishing, modernizing, or expanding a business
- Matching equity up to $5,000 or 25% of project costs
- Cash equity for the entrepreneur
grant_single_labels|criteria
There are evaluation and selection criteria for this grant.
- Applicants must reside within the traditional Coast Salish territory.
- BC First Nation entrepreneurs and First Nation Community businesses are the only eligible recipients (status or non-status), with priority given to BC First Nation entrepreneurs residing on-reserve.
- Up to a maximum of $5000 or 25% of project costs, whichever is less, in matching equity is available per entrepreneur or community business.
- The entrepreneur equity must be cash equity.
- The equity-matching is conditional on TACC approving a term loan (debt-financing) for the entrepreneur or community business.
grant_single_labels|register
- Step 1: Review the eligibility criteria and guidelines
- Step 2: Prepare the required documents such as proof of residency, business plan, financial statements, and any other relevant information
- Step 3: Contact the Tale’awtxw Aboriginal Capital Corporation for application forms and further instructions
- Step 4: Submit the completed application form along with the necessary documents
- Step 5: Await a decision from TACC regarding the approval of the term loan and equity-matching funds
grant_single_labels|contact
info@tacc.ca
604-926-5626
Apply to this program
Entrepreneur Equity-Matching Initiative Summary
The Entrepreneur Equity-Matching Initiative, a collaboration between New Relationship Trust (NRT) and Tale’awtxw Aboriginal Capital Corporation (TACC), offers BC First Nation entrepreneurs equity-matching funds of up to $5,000 to establish, modernize, or expand their businesses within the traditional Coast Salish territory.
Understanding the Entrepreneur Equity-Matching Initiative
The Entrepreneur Equity-Matching Initiative is a unique opportunity for BC First Nation entrepreneurs and First Nation Community businesses to access funding support for their business ventures. This initiative, spearheaded by the NRT and TACC, aims to foster economic development and entrepreneurship within the Indigenous communities of British Columbia.
Eligibility for the equity-matching funds is limited to BC First Nation entrepreneurs and First Nation Community businesses, with priority given to individuals residing on reserves. The funds provided, up to a maximum of $5,000 or 25% of project costs, serve as matching equity for the entrepreneurs or community businesses, aiding them in their business initiatives. The equity-matching requirement stipulates that the equity must be in cash form and is dependent on approval of a term loan from TACC, ensuring responsible financial management.
By supporting entrepreneurs in establishing, modernizing, or expanding their businesses, the Entrepreneur Equity-Matching Initiative plays a pivotal role in promoting economic growth and sustainability within the Indigenous communities of BC. The partnership between NRT and TACC signifies a commitment to empowering Indigenous entrepreneurs and fostering business development that aligns with the cultural and economic aspirations of the Coast Salish territory.
For those interested in applying for the equity-matching funds, reaching out to Tale’awtxw Aboriginal Capital Corporation is a crucial step. The corporation can be contacted at their office in West Vancouver or through email and their website. By accessing this initiative, BC First Nation entrepreneurs have the opportunity to receive vital support for their business endeavors, contributing to the economic prosperity and self-sufficiency of Indigenous communities in the region.
