Venture Investment Program
NT, Canada
Preferred equity investment in Northwest Territories businesses
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|closingDateMay 17, 2024
- grant_single|grantStatusClosed
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|register
- Step 1: Determine Eligibility
- Review the eligibility criteria for the digital projects support program to ensure your business qualifies for funding.
- Step 2: Gather Required Documentation
- Prepare necessary documents such as business registration details, project plan, and financial statements.
- Step 3: 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.
- Step 4: Contact Digital Advisor
- Engage with a digital advisor from Prosper NWT for guidance and support in developing your digital project.
- Step 5: 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.
- Step 6: Submit Application
- Submit the completed application through the Prosper NWT online portal.
- Verify that you have received a confirmation of submission from Prosper NWT.
- Step 7: 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.
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.
grant_single_labels|contact
[NULL]
Apply to this program
Empowering Digital Transformation for NWT Businesses
The Prosper NWT digital grant offers financial assistance to businesses in the Northwest Territories to adopt new digital technologies and enhance their online presence. Eligible businesses can access up to $15,100 in grants to digitalize operations and receive expert guidance from available digital advisors.
Exploring the Prosper NWT Grant for Digital Innovation
The Prosper NWT grant focuses on empowering businesses within the Northwest Territories by providing financial assistance to foster digital innovation and transformation. As part of an initiative to enhance the digital capabilities of local businesses, this grant allocates up to $15,100 to individual eligible companies, enabling them to adopt cutting-edge technologies and improve their digital footprints. This aligns with the larger goal of Prosper NWT to bring about greater economic prosperity across the region by supporting businesses in modernizing their digital infrastructures, thus ensuring they remain competitive in a rapidly advancing digital economy.
Through this grant, businesses are encouraged to pursue projects that can significantly enhance their operational efficiencies, customer engagement, and overall market presence. The focus is not just on adopting new technologies but also on leveraging these tools to transform business operations, making them more resilient and adaptable to future challenges. In addition to financial support, Prosper NWT offers access to a pool of digital advisors. These advisors play a crucial role in guiding businesses through the digital transformation journey, providing expert insights and strategic advice tailored to the unique needs and objectives of each participant.
In today's global market, having a strong digital presence is indispensable. For many businesses in the NWT, particularly those in remote areas, this grant represents an opportunity to bridge the digital divide, enabling them to reach new customers and markets that were previously inaccessible. By investing in digital tools and expertise, these businesses can achieve enhanced productivity, reduced operational costs, and ultimately, increased revenue streams.
This initiative supports not only tech-centric developments but also champions the integration of digital solutions across various industry sectors within the region. From retail and healthcare to logistics and tourism, every sector stands to benefit from enhanced digital capabilities. Through improved online platforms and digital marketing strategies, businesses can better meet consumer demands and engage more effectively with their target audiences.
Implementing digital solutions also enhances collaboration and data-sharing capabilities, fostering an environment where innovation thrives. Businesses adopting these technologies can streamline processes, improve decision-making through data analytics, and enhance customer experiences by offering more personalized and efficient services.
The Prosper NWT digital grant is also timely, as businesses globally recognize the urgent need for digital transformation in response to shifting consumer behaviors and market dynamics. This grant thus places NWT businesses at the forefront of this transformation, equipping them with the necessary resources to compete on a broader scale.
Overall, Prosper NWT is committed to driving forward the economic potential of the Northwest Territories by equipping businesses with the digital tools necessary to navigate and succeed in the modern marketplace. Through strategic investments in digital technology, the grant not only fosters immediate growth but also lays the foundation for long-term success and sustainability within the region’s business community. This initiative underscores the importance of digital adaptation in maintaining competitive advantage and ensuring that businesses within NWT are well-prepared for future electronic commerce landscapes.
By taking advantage of this grant, businesses not only receive essential financial backing but also become part of a transformative cycle that leads to community-wide improvements, enhanced economic resilience, and strengthened local economies. This makes the Prosper NWT grant a vital component of the region's strategy to build a prosperous future in which all communities can thrive.
