Support for Entrepreneurs and Economic Development (SEED): Strategic Investments

Amount:

$75,000.00

Type:

Investment

Description:

This program provides funding to NWT businesses looking to making large investments in their company in order to expand and grow their business.

Comments on Funding:

Funding takes the form of investments of up to $75,000.

Deadline:

April 1 to March 31st annually

Eligibility:

Applicants must:
1. be NWT businesses;
2. meet the minimum equity requirements as follows:
a) 30% of project costs for Group 1 communities (Yellowknife, Hay River, Fort Smith, and Inuvik);
b) 20% of project costs for Group 2 communities (all other communities within NWT).

Application Steps:

Applicants must:
1. contact their regional Economic Development Officer to discuss their idea prior to the development of their proposal;
2. complete an application form;
3. submit the completed application form to their regional office.

Documentation Needed:

Applicants must attach all required documents identified in the application checklist.

Other Things to Note:

Funding is available from April 1 to March 31st annually.

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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