Entrepreneur Support (SEED) -Business Intelligence and Networking

Northwest Territory businesses in Group 2 communities may be eligible for $15,000 in funding to purchase capital items for business operation and/or help with loan leveraging where other assistance is not available.

Northwest Territories Department of Industry, Tourism, and Investment

Overview of the Entrepreneur Support (SEED) -Business Intelligence and Networking program:

The Business Intelligence and Networking (BIN) Services program, offered by the Government of the Northwest Territories' Industry, Tourism and Investment (ITI) department, provides essential resources and support to businesses across the region. The BIN program is designed to help businesses grow and succeed by offering access to valuable market intelligence, networking opportunities, and strategic guidance. This program is particularly beneficial for small and medium-sized enterprises (SMEs) seeking to expand their operations, enter new markets, and enhance their competitiveness.

Benefits of the Entrepreneur Support (SEED) -Business Intelligence and Networking program:

Under the Business Intelligence and Networking program, financial assistance may be available to assist with costs associated with attendance at seminars and trade shows to access information regarding new technologies or business opportunities.
Assistance may be provided to a maximum of $4,000 per Resident per trip. A NWT Business may submit an application for as many as two Residents.
The maximum funding available to any Resident or NWT Business in the Business Intelligence and Networking category is $8,000 per year.

Eligibility criteria of the Entrepreneur Support (SEED) -Business Intelligence and Networking program:

Business Location: The business must be based in the Northwest Territories (NWT). The program is designed to support businesses within the region, contributing to the local economy and community development.
Business Size: The program is primarily targeted at small and medium-sized enterprises (SMEs) operating in various sectors, including tourism, retail, manufacturing, and more.
Commitment to Growth: Businesses should demonstrate a commitment to growth and development. This includes having a clear business plan, growth objectives, and a willingness to engage with the program's resources and support.
Compliance with Regulations: Applicants must be in compliance with all relevant federal, territorial, and municipal regulations related to their business operations.