Grants

Grants

We provide non-repayable grant funding to eligible Aboriginal entrepreneurs and businesses in need of funds to achieve their business goals.  See if you qualify for one of our grant or grants program to springboard your business ventures today!

 

Aboriginal Business Financing Program (ABFP)

The Aboriginal Business Financing Program (ABFP) promotes the growth of a prosperous and vibrant Aboriginal business community in Northern Ontario by offering Aboriginal entrepreneurs a range of services and supports.   These contributions are generally non-repayable. 

Through ABFP you may be eligible for financial assistance for 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, & mentoring services

 

Who can Apply to ABFP

  • You are over the age of 18 and are of Aboriginal heritage (Status or Non-Status Indian (on or off-reserve), Metis or Inuit); or
  • Your business is a wholly-owned or majority-owned (minimum 51%) Aboriginal business; or
  • Aboriginal community and/or Development Corporation operating in Northern Ontario.
  • You are involved full-time with the proposed business in a management capacity and can provide some level of cash equity to support the project.

We recommend that you speak with an ABFP Business Development Officers before submitting your application. 

 

Available ABFP Grant Funding

  • Individual Aboriginal entrepreneurs may receive up to $99,999 in funding assistance.  
  • Community-owned businesses may receive up to $249,999 in funding assistance.

The level of support for your business project will depend on a number of factors that you will need to discuss with your ABFP 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.

While there are maximums for the ABFP contributions offered, actual ABFP funding will be limited to what is required to ensure your project proceeds and is viable.

 

ABFP Equity Requirement

A successful application requires a balanced financial package, including debt financing from other sources and an equity contribution.  Equity contributions may vary, but minimum requirements are:

  • Applicants 18-35 years, minimum 10% equity requirement
  • Applicants over 35 years, minimum 15% equity requirement

 

ABFP Funding Provided by National Aboriginal Capital Corporation (NACCA)

 

Equity Assistance Grant (EAG)

Join our community to receive notifications on the next call letter.

Applications are closed.

Applications will be reviewed on a first submitted, first assessed basis and reviewed weekly. 

 

What is an Equity Assistance Grant?

A maximum of $10,000 can be approved for each applicant, and the grant is non-repayable.

The purpose of our Equity Assistance Grant is to increase and support the number of Aboriginal-owned and controlled businesses in northern Ontario, with assistance in equity dollars, which will be non-repayable. Qualifying applicants will be for-profit businesses such as sole proprietors, partnerships, and corporations who require assistance in building up its equity.

 

EAG Funding provided by Indigenous Economic Development Fund.

 

Community Initiative Grant (CIG)

Join our community to receive notifications on the next call letter.

Applications are closed.

Applications will be reviewed on a first submitted, first assessed basis and reviewed weekly. 

 

What is the Community Initiative Grant?

A maximum of $10,000 can be approved for each applicant, and the grant is non-repayable.

The purpose of our Community Initiative Grant is to increase economic development opportunities, to respond to challenges faced by Aboriginal people, and to advance projects supported by the local or regional community. 

Qualifying applicants will be Aboriginal organizations that are non-profit organizations, associations, social enterprise, and/or First Nations (not individuals) to cover costs related to economic planning and development.

 

CIG Funding provided by Indigenous Economic Development Fund

 

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