Micro Business (SEED)

Overview of the Micro Business (SEED) program:

The Micro-Business program by the Government of the Northwest Territories offers financial support to small businesses with fewer than 20 employees. The program provides funding for equipment, technology, training, and marketing to help businesses grow and innovate. It aims to support entrepreneurs and small business owners in the region, encouraging economic development and job creation. The program is open to various sectors and offers flexible funding options tailored to the needs of micro-businesses.

Benefits of the Micro Business (SEED) program:

• The micro business grant supports funding in these areas:
• Purchasing tools and equipment to increase the quality or quantity of production related to arts and crafts or the traditional economy.
• Purchase of raw materials for the production of traditional arts and crafts.
• Purchase of film making equipment.
• Purchase prospecting supply, equipment and other expenses directly related to prospecting activity
• Other self-employment activities.

Eligibility criteria of the Micro Business (SEED) program:

• Qualifications:
• Must be a small business with fewer than 20 employees.
• Must be located in the Northwest Territories.
• Eligible for funding in areas such as equipment purchase, technology upgrades, training, and marketing initiatives.