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Business Development Program (ABDP) | Canadian Northern Economic Development Agency:

Value

Individual Aboriginal entrepreneurs may receive up to $99,999 in funding assistance for a single project. For community-owned businesses, assistance can be up to $1,000,000.

Description

The Aboriginal Business Development Program is intended to maximize Aboriginal people’s participation in the economy through business development.  The program provides support to Aboriginal entrepreneurs for a range of activities including business planning, start-up, expansion and/or marketing. Through this Program, eligible majority-owned Aboriginal enterprises have access to financial assistance, business information and resource materials and advice regarding other possible sources of financing or business support. The level of support for a business project will depend on a range of factors including, but not limited to, the scale and scope of the development, financial history and projections, and availability of resources.

Eligible Applicants

  • Applicants must be individuals of Canadian Aboriginal heritage (Status or Non-status Indian, Métis or Inuit) or a majority-owned Aboriginal business, financial organization, or development corporation
  • To be eligible for support, applicants should be involved with the proposed business full time in a management capacity and must be able to provide some level of cash equity to support the project

Eligible Expenses

  • Business planning
  • Capital costs, including associated operating costs
  • Business acquisitions and expansions
  • Marketing initiatives that are local, domestic or export oriented
  • New product or process development
  • Adding technology to improve operations or competitiveness
  • Financial services, business support, business related training and mentoring services

Deadline Date

Contact

Contact Name: o In Nunavut, call: 867-975-3734 or email ecdevnunavut@cannor.gc.ca o In the Northwest Territories, call: 867-766-8327 or email ecdevnwt@cannor.gc.ca o In Yukon, call: 867-667-3263 or email ytinfo@cannor.gc.ca

Website: https://www.cannor.gc.ca/eng/1396123434848/1396123576050#q2

Industry: Indigenous, Location: Nunavut , NWT , Yukon ,
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