Support for Entrepreneurs and Economic Development (SEED) — Entrepreneur Support

The Government of the Northwest Territories is working to diversify and strengthen the NWT economy by promoting and developing NWT business and investment. As an entrepreneur or small business owner/ operator in the NWT, you may be eligible for funding under the GNWT’s SEED policy to help you start your business and improve your own skills or business capacity. In communities, SEED funding can also be used to support projects or events that help to expand or grow the economy. -Up to $15,000 a year may be available to NWT businesses under the Capital Expansion Incentive to offset loan interest associated with new capital purchases for the expansion of your business -Up to $25,000 a year may be available in Sector Research Support to advance research or product development in an approved sector

Deadline not available

Deadline not available

Loans

For Profit

This grant is restricted to whole of Canada

This grant is age restricted from 18 to 100

Company Requirements

You're eligible for funding if you are:
A business or an entrepreneur based in the Northwest Territories
Meeting the equity requirements outlined in the application (Group 1 communities (Yellowknife, Hay River, Fort Smith, and Inuvik) – 30% Group 2 communities (all other communities within NWT) – 20%)

Ineligibility

Eligible Activities

Application Requirements

The following documents are required alongside the application:
Outline of the scope and intent of the project to include: budget, quotes, and related statements
The names of any outside services providing assistance to the project.
Any other relevant information related to the proposal. This may include what is requested by the regional panel for evaluation and recommendation purposes
For a complete list of required documents see the Application Checklist on the last page of the SEED application

Industry, Tourism and Investment