Nunavut Development Corporation: Equity Investment
$75,000.00
Investment
Description:
The Nunavut Development Corporation (NDC) places equity investments in eligible Nunavut business enterprises in order to support employment and income earning opportunities achieved through new business start-ups or the expansion of an existing business. Although not exclusive, NDC emphasizes placing equity investments that support Nunavut business enterprises operating in our fishing, tourism, and cultural industry sectors.
Comments on Funding:
NDC’s minimum investment amount in any Nunavut business enterprise is $75,000; all investments are fully repayable by the investee.
Continuous Intake
Eligibility:
Applicants must:
1. Be Nunavut-based business.
2. Be business enterprises operating in Nunavut’s fishing, tourism, and cultural industry sectors.
3. Be business enterprises that involve the co-investment of lenders and shareholders.
Application Steps:
Applicants must contact Nunavut Development Corporation for more information.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
NDC’s investments are of an equity-orientated nature (i.e. preferred shares).
About the author
Maurice
