Venture Investment Program
Overview
Access business investment through the purchase of preferred shares.
At a glance
Funding available
- Integrate new technologies
- Optimize production processes
- Maximum amount : 15,100 $
- Closing date : May 17, 2024
Eligible candidates
- All industries
- Northwest Territories
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Rural or Northern Residents
- Startups
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
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.
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.
Selection 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.
How to apply
Determine Eligibility
Gather Required Documentation
Develop Project Proposal
- Outline the objectives, expected outcomes, and benefits of the digital project for your business.
- Include a detailed timeline and budget for the project.
Contact Digital Advisor
Complete Application Form
- Access and fill out the online application form available on the Prosper NWT website.
- Ensure all required fields are completed and documents are attached.
Submit Application
- Submit the completed application through the Prosper NWT online portal.
- Verify that you have received a confirmation of submission from Prosper NWT.
Await Response
- Monitor your email for any communications from Prosper NWT regarding the status of your application.
- Be prepared to provide additional information or clarification if requested.
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.
