Closed
Venture Investment Program
Preferred equity investment in Northwest Territories businesses
Last Update: March 3, 2026
Funding available
$ 15,100
Timeline
- Closing date : May 17, 2024
Location
Northwest Territories, Canada
Overview
Access business investment through the purchase of preferred shares.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Optimize production processes
Eligible Funding
- Maximum amount : 15,100 $
Timeline
- Closing date : May 17, 2024
Eligible candidates
Eligible Industries
- All industries
Location
- Northwest Territories
Legal structures
- For-profit business
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
- Startups
Next steps
1
Determine your project
2
Validate your eligibility
Activities funded
The Venture Investment Program under Prosper NWT aims to foster digital transformation and resilience among businesses in the Northwest Territories. Eligible activities focus on digital adoption, improving online presence, and operational digitalization.
- Adopting new digital technologies for business growth and efficiency.
- Enhancing the online presence of businesses to reach wider audiences.
- Digitalizing business operations to streamline processes and increase productivity.
- Access to digital advisors for advancing digital projects.
Eligibility
Who is eligible?
Eligible applicants for Prosper NWT's grant for digital projects include businesses located in the Northwest Territories seeking to adopt digital technologies, enhance their online presence, or digitalize their operations. The available grant offers up to $15,100 for qualifying projects, and emphasizes the support from digital advisors to assist in advancing these digital initiatives. However, specific evaluation and selection criteria details are not provided in the context.Who is not eligible
There are certain types of companies that are not eligible for the Prosper NWT grant.
- Non-profit organizations
- Government entities
- Unregistered or informal businesses
Eligible expenses
The grant offers support to NWT businesses for digital projects aimed at enhancing their technological capabilities. Eligible activities include technology adoption, online presence enhancement, and operational digitalization.
- Adoption of new digital technologies.
- Enhancement of online presence.
- Digitalization of business operations.
Eligible geographic areas
This grant is specifically available to businesses located in the Northwest Territories as determined by the funding body, Prosper NWT. The eligible locations align with regional support and development initiatives in the Northern territories.
- Businesses based in the Northwest Territories, Canada.
Additional information
Here are additional relevant details for this grant:
- The program offers access to digital advisors who can guide businesses in advancing their digital projects.
- Grants/contributions are capped at $15,100 for eligible digital initiatives.
Frequently Asked Questions about the Venture Investment Program Program
Here are answers to the most common questions about the Venture Investment Program. 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 Venture Investment Program?
Access business investment through the purchase of preferred shares.
How much funding can be received?
Venture Investment Program Funds up to $15,100 of admissible expenses.
Who is eligible for the Venture Investment Program program?
To be eligible for the Venture Investment Program program, you must:
Businesses must be located in the Northwest Territories.
Applicants must demonstrate a need for digital project support, such as adopting new digital technologies or enhancing their online presence.
Support is available to eligible businesses wishing to digitalize operations.
What expenses are eligible under Venture Investment Program?
The Venture Investment Program under Prosper NWT aims to foster digital transformation and resilience among businesses in the Northwest Territories. Eligible activities focus on digital adoption, improving online presence, and operational digitalization. Adopting new digital technologies for business growth and efficiency.
Enhancing the online presence of businesses to reach wider audiences.
Digitalizing business operations to streamline processes and increase productivity.
Access to digital advisors for advancing digital projects.
Who can I contact for more information about the Venture Investment Program?
You can contact Government of the Northwest Territories (GNWT).
Where is the Venture Investment Program available?
The Venture Investment Program program is available the province of Northwest Territories.
Is the Venture Investment Program a grant, loan, or tax credit?
Venture Investment Program is a Grant and Funding
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