Inclusive Diversification and Economic Advancement in the North (IDEANorth)

Inclusive Diversification and Economic Advancement in the North (IDEANorth) makes foundational investments in economic infrastructure, sector development and capacity building to help position Northerners in the territories to take advantage of Canada's innovation economy. IDEANorth builds on CanNor's previous Strategic Investments in Northern Economic Development (SINED) economic development programming to better align, advance, encourage and support broader economic opportunities, as well as the specific economic and business needs of each territory. The IDEANorth program focuses on four priority areas: economic growth and sector development; business scale-up, productivity and innovation; small-scale economic infrastructure development; and foundational economic infrastructure.

Grant Deadline

Deadline not available

Funding Amount

$6,000,000 _{Cost sharing ratio: +Not-for-Profit organizations, other levels of government, and Indigenous economic development organizations: up to 80% +For-Profit or Small Medium-Sized Enterprises (SME) Recipients: up to 50% +The maximum contribution an eligible recipient can receive for a project under IDEANorth is $6 million. +Contributions made to for-profit entities will be repayable to CanNor. Low value contributions may be exempt from repayment under certain circumstances.}

Type of Grant

Loans, Funding

Sectors

All Sectors

Demographics

Incorporation

For Profit, Non Profit, Government Institution, Charity

Perks

Region Restriction

This grant is restricted to whole of Canada This grant is restricted to whole of Canada This grant is restricted to whole of Canada

Keywords

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

A registered organization (Indigenous and non-Indigenous) including social enterprises, businesses, other levels of government and other non-federal entities, public or private, that have an interest in economic development in the North. Priority will be given to applicants who can demonstrate proven capacity to deliver projects in the North and interest/engagement in territorial economic development.

Projects:

• Sector & Capacity Development
• Business scale-Up and productivity
• Economic infrastructure construction (small scale)
• Economic infrastructure studies (large scale)

Grant Application website

https://www.cannor.gc.ca/eng/1464199651173/1464199702530#c4

Contact

Project EOIs and Applications are accepted on an ongoing basis via email at cannor.operations.cannor@canada.ca.