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Nishnawbe Aski Development Fund

Tuesday, October 21, 2014
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Community Futures Development Corporation

Contribution Financing

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Aboriginal Business Contribution Program (ABCP)

Effective April 1, 2013, Nishnawbe Aski Development Fund (NADF) began delivering and administering the Aboriginal Business Contribution Program (ABCP).  The Aboriginal Business Contribution Program (ABCP) replaces the Aboriginal Business Canada (ABC) program that was previously administered by Indian and Northern Affairs Canada (INAC).

ABCP is an equity program for Aboriginal entrepreneurs and businesses operating in northern Ontario.  These contributions are generally non-repayable.  

ABCP promotes the growth of a strong and vibrant Aboriginal business community in northern Ontario by offering Aboriginal entrepreneurs a range of services and supports.  Support will vary depending upon the needs of the client, the availability and  sources of funding, the eligibility of costs, the economic benefits, and the  project viability. 

ABCP Application Download 

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Are You Eligible?

Clients must be individuals of Canadian Aboriginal heritage — Status or Non-status Indian (on or off-reserve), Métis or Inuit — or a majority-owned Aboriginal business, or an Aboriginal community and/or development corporation operating in northern Ontario.

To be eligible for support, clients should also be involved full-time with the proposed business in a management capacity and must be able to provide some level of cash equity to support the project.

We recommend that you speak with a ABCP Development Officer prior to submitting your application to confirm eligibility.

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What Kind of Support can the ABCP Provide You?

Depending on the  nature of your project, you may be able to obtain funding to assist with a wide  range of activities, including:

  • Business planning
  • Establishment (capital) costs
  • Business acquisitions
  • Business expansions
  • Marketing initiatives that are  local, domestic, or export oriented
  • New product or process  development
  • Adding technology to improve  operations and competitiveness
  • Operating costs in association  with capital costs
  • Financial services, business  support, business-related training, and mentoring services

How Much Funding is Available?

Individual Aboriginal entrepreneurs may receive up to $99,999 in funding assistance.  For community-owned businesses, this assistance can vary, to a maximum of $249,999.  The level of support for your business project will depend on a number of factors that you will need to discuss with your ABCP Development Officer.

Requests for financial support are assessed on each project's viability and merits. Factors include the scope of the project, the need for financing, and whether other sources of financing are available — including funds received from other government departments and agencies. A successful application requires a balanced financial package, involving debt financing from other sources and a minimum of 10% cash equity.

While there are ceilings for the average contributions offered, the actual investment from AANDC will be limited to what is required to ensure your project proceeds and is viable.

How to Apply

We recommend that you speak with a ABCP Development Officer prior to submitting your application.

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Services


Opinion Poll

NADF's programs and services support business and economic development in northern Ontario. What services are you aware of? (Select all that apply)
Loans
Leasing
Appraisal Services
Resource Sector Advisory Services
Community Strategic Planning
Business Support
ABCP and/or LIC
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