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

If you’re trying to improve your business by investing in new, or expanded, facilities and equipment, or if you represent a NWT business association, Band or municipality looking to expand your understanding or presence in a sector, this funding program can invest in the expansion or research you need to get there. These investments are available in two possible categories: Capital Expansion Incentives and Sector Research Support. -Up to $15,000 a year, for a maximum of two years, may be available to NWT business under this category to offset loan interest associated with new capital purchases for the expansion of your business -Up to $25,000 may be available to assist in supporting sector-specific research or planning that benefits businesses in a sector by providing information critical to the development of a sector or assisting in investment attraction -Up to $25,000 to assist in investing in sector-specific product development and related packaging materials and/or Sector-specific marketing campaigns

Deadline not available

$40,000

Loans

Agriculture, Arts & Culture, Clean Tech, Film, Music, Entertainment, Tourism

For Profit, Non Profit, Government Institution

This grant is restricted to whole of Canada

This grant is age restricted from 18 to 100

Company Requirements

Indigenous organizations, business associations, municipalities, and businesses in NWT communities involved in the following sectors as designated by the Minister:
Agriculture
Energy
Film
Fishing
Knowledge Economy
Tourism
Value –added manufacturing Equity requirements for each category:
Group 1 communities (Yellowknife, Hay River, Fort Smith, and Inuvik) – 30%
Group 2 communities (all other communities within NWT) – 20%)

Eligible Activities

Offset loan interest associated with new capital purchases for the expansion of your business
Sector-specific research or planning that benefits businesses in a sector by providing information critical to the development of a sector or assisting in investment attraction
Investing in sector-specific product development and related packaging materials and/or Sector-specific marketing campaigns

Application Requirements

Document requirements differ depending on the two possible categories (Capital Expansion Incentives and Sector Research Support). See program site to learn more

Industry, Tourism and Investment