Canada Business — Northwest Territories
Highlights
This program is designed for businesses like yours in the Northwest Territories. It offers flexible debt financing options to help you start, grow, and thrive. With up to $15,100 in grants/contributions, you can adopt new digital technologies, enhance your online presence, or digitalize operations.
What You Get:
- Up to $15,100 in grants/contributions
- Access to digital advisors to help advance your digital projects
Benefits:
- Flexible repayment options tailored to your business needs
- Government-backed support, ensuring reliability and trust
- Expert guidance from our team to navigate your business challenges
Applying for this program can provide the financial boost and expert support your business needs to succeed. The qualification process is straightforward, making it easier for you to access these valuable resources.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Adoption of new digital technologies
- Enhancing online presence
- Digitalizing operations
Use of Funds:
- Up to $15,100 can be used for the above eligible expenses.
Restrictions:
- Funds cannot be used for non-digital related expenses.
- Cannot be used for personal expenses or unrelated business activities.
Fees:
- No fees associated with applying for or receiving the grant.
Qualifications
- Must be a business operating in the Northwest Territories (NWT).
- Must be looking to adopt new digital technologies.
Must aim to enhance their online presence or digitalize operations.
Disqualifications:
- Businesses not operating in the Northwest Territories.
Description
This program offers up to $15,100 in grants to help your business adopt new digital technologies. You can use this money to enhance your online presence or digitalize your operations. This could mean upgrading your website, implementing new software, or improving your e-commerce capabilities.
Digital advisors are available to guide you through these projects. They can provide expert advice to ensure you make the most of the digital tools available.
This funding is a great opportunity to modernize your business and stay competitive. There is no payback period for the grants, so you can focus on growth without worrying about repayment.
Program Steps
Gather Required Documentation: Prepare the necessary documents for your application. You will need:
- Business plan
- Financial statements (last two years)
- Proof of business registration
- Identification documents for business owners
- Quotes or invoices for digital technology purchases or upgrades
Complete the Application Form: Fill out the application form available on the Prosper NWT website. Ensure all sections are completed accurately.
Submit the Application: Submit your completed application form along with the required documentation through the Prosper NWT online portal or by mail to their office.
Consult with a Digital Advisor: Schedule a consultation with a Prosper NWT digital advisor. They can provide guidance and support to enhance your digital project proposal.
Review and Approval: Wait for Prosper NWT to review your application. They may contact you for additional information or clarification.
Receive Funding: Upon approval, you will receive the grant or contribution funds. Use these funds to implement your digital technology projects as outlined in your application.
Report on Progress: Provide regular updates to Prosper NWT on the progress of your digital projects. This may include financial reports and project outcomes.
Final Evaluation: Upon project completion, submit a final report detailing the impact of the digital enhancements on your business.
