Atuqtuarvik Corporation - Starting a Business

Overview of the Atuqtuarvik Corporation - Starting a Business program:

So, you want to start your own business? This page is intended to help you in doing just that! It outlines the basic steps you will need to follow. You can use it as a reference guide and as a supplement to your additional research. One of the key things to remember throughout the process of starting your own business is to keep yourself informed of sector-related issues. For example, you will want to research the demographics you wish to reach and look into marketing methods for your area and business (what are your competitors doing?). This information will make a difference in the success of your business. There are many avenues of research available to you such as reading related materials, getting information from the web, talking to people in the industry/business, talking to potential clients, and contacting the Canada Business Services for Entrepreneurs.

Benefits of the Atuqtuarvik Corporation - Starting a Business program:

• Loan and equity investment amounts are based on the percentage of Inuit ownership in the enterprise. Rages are based on the Bank Prime and the overall perceived risks of the project.

Eligibility criteria of the Atuqtuarvik Corporation - Starting a Business program:

• Four criteria form the basis upon which individual applications for financing are evaluated. They are:
• The financial viability of the project;
• The percentage of Inuit ownership and participation in management;
• The benefits of the project to the Inuit of Nunavut. Benefits examples are: jobs; ownership; housing; language and culture; and,
• Financial resources from other sources (e.g., banks, Territorial & Federal Government programs)