How much funding can be received?

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.

Financing terms and conditions

This grant provides equity-matching financing options to BC First Nation entrepreneurs with a focus on supporting the development and growth of businesses. The funding structure ensures a partnership approach through matched financial contributions.

Equity-matching funds cover up to $5,000 or 25% of the total project costs, whichever is less.
Funding is contingent upon securing a matching cash equity from the entrepreneur.
The disbursement of equity-matching funds is conditional upon the approval of a term loan by Tale’awtxw Aboriginal Capital Corporation.

Eligible projects & activities

This grant supports BC First Nation entrepreneurs in establishing, modernizing, or expanding their businesses. The funding aims to match equity provided by entrepreneurs to enhance business development within the traditional Coast Salish territory.

Establish a new business venture.
Modernize an existing business to improve efficiency or competitiveness.
Expand a current business to increase capacity or market reach.

Examples of admissible projects:

$ 1,125

Modernizing a traditional craft store to incorporate e-commerce capabilities

$ 3,000

Modernizing a fish processing facility with new refrigeration units

$ 1,500

Establishing a new eco-friendly cleaning service

$ 2,250

Expanding a traditional Coast Salish art gallery with new exhibit space

$ 3,750

Establishing a new organic food delivery service

$ 4,750

Expanding a community-run agricultural co-op with new equipment

Eligibility criteria of the TACC New Relationship Trust (NRT) Entrepreneur Equity Match Grant program

Eligibility for this grant is determined by specific criteria related to the applicant's location, business status, and financial agreements.

The applicant must reside within the traditional Coast Salish territory.
The applicant must be a BC First Nation entrepreneur or a First Nation community business, either status or non-status.
Priority is given to BC First Nation entrepreneurs residing on-reserve.
The applicant must provide cash equity for the equity-matching initiative.
The equity-matching is contingent upon the approval of a term loan from TACC.

Who is eligible?

The Entrepreneur Equity-Matching Initiative targets BC First Nation entrepreneurs and First Nation Community businesses within the traditional Coast Salish territory. Both status and non-status BC First Nation entrepreneurs are eligible, with a priority given to those residing on-reserve.

Who is not eligible

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

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

Eligible geographic areas

This grant is specifically available to BC First Nation entrepreneurs within the designated geographical areas. The primary eligibility criterion is residence within the traditional Coast Salish territory.

Traditional Coast Salish territory.

Eligibility criteria of the TACC New Relationship Trust (NRT) Entrepreneur Equity Match Grant program

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.

How to apply to the TACC New Relationship Trust (NRT) Entrepreneur Equity Match Grant program

Determine Eligibility

Ensure you reside within the traditional Coast Salish territory.
Confirm that you are a BC First Nation entrepreneur or part of a First Nation Community business.

Prepare Equity Contribution

Gather proof of cash equity available for the project.
Calculate the total project costs to determine the eligible matching equity amount, ensuring it does not exceed $5,000 or 25% of the total project costs.

Apply for TACC Term Loan

Complete the application process for a term loan through TACC.
Prepare necessary loan application documents as required by TACC.

Submission of Application

Submit your loan application and equity-matching request to Tale’awtxw Aboriginal Capital Corporation (TACC).
Ensure all documentation is complete and verifies the eligibility criteria.

Confirmation

Wait for confirmation from TACC regarding the approval of your term loan, which is a prerequisite for the equity-matching fund.
Upon approval, follow any additional instructions provided by TACC to finalize the grant process.

Additional information

The Entrepreneur Equity-Matching Initiative offers additional relevant details to consider:

The funding is contingent on obtaining a term loan, highlighting a prerequisite for grant approval.
The initiative supports a collaborative effort between NRT and TACC, suggesting potential resources or support from both organizations.
Applicants should acknowledge this initiative is distinctly catered to enhancing the economic opportunities for BC First Nation entrepreneurs.

Contact Tale'awtxw Aboriginal Capital Corporation

info@tacc.ca

604-926-5626

Apply to this program

Money to accelerate British Columbia innovation in natural resources and applied science

TACC New Relationship Trust (NRT) Entrepreneur Equity Match Grant