Venture Investment Program
grant_single|update January 24, 2025
NT, Canada
Preferred equity investment in Northwest Territories businesses
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|closingDate May 17, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Business Development and Investment Corporation
- Government of the Northwest Territories
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Access business investment through the purchase of preferred shares.
grant_single_labels|projects
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.
grant_single|admissibleProjectsExample
$ 15,100
Implementing advanced digital payment systems in our retail stores
$ 15,100
Digitalizing our membership management system
$ 15,100
Implementing an inventory management system for our e-commerce store
$ 15,100
Upgrading our community website for better user engagement
$ 15,100
Developing a mobile app for our financial services
$ 15,100
Creating a digital marketing campaign to boost our online presence
grant_single_labels|admissibility
Eligibility for digital project grants from Prosper NWT requires businesses to meet certain criteria to qualify for support.
- The applicant must be a business operating in the Northwest Territories (NWT).
- The digital project should focus on adopting new digital technologies, enhancing online presence, or digitalizing operations.
- The applicant must demonstrate the need for digital advancement in their business operations.
- The business must meet any additional criteria as laid out by Prosper NWT for digital project support.
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|who_cannot_apply
There are certain types of companies that are not eligible for the Prosper NWT grant.
- Non-profit organizations
- Government entities
- Unregistered or informal businesses
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
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.
grant_single_labels|criteria
There are evaluation and selection criteria for the Prosper NWT grant:
- Economic Impact: The project's potential economic impact on NWT businesses and communities.
- Innovation: The degree of innovation demonstrated by the project and its contribution to digital advancement.
- Feasibility: The feasibility and sustainability of the digital project proposed by the business.
grant_single_labels|apply
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grant_single_labels|otherInfo
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.
Apply to this program
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