Community Futures Manitoba — Indigenous Business Development Services
Highlights
This program is designed specifically for Indigenous entrepreneurs like you. It offers a range of services to help you succeed, including business information and resource materials, assistance with business plan preparation, and business advisory services. Additionally, you can benefit from training workshops and seminars tailored to your needs.
Key Benefits:
- Up to $7,500 towards starting your business through the Dragon's Quest Business Plan Competition.
- Capacity Building Projects funding up to $5,000 to support and assist Indigenous entrepreneurs.
- Training and business counseling support for rural and northern Indigenous communities.
By participating in this program, you gain access to valuable resources and expert advice, making it easier to navigate the challenges of starting and growing your business. The application process is straightforward, ensuring you can quickly take advantage of these opportunities.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- No repayment required.
- No interest rates applicable.
Eligible Expenses:
- Business information and resource materials.
- Assistance with business plan preparation.
- Business advisory services.
- Training in the form of workshops and seminars.
Ineligible Expenses:
- Personal expenses.
- Non-business-related activities.
- Any expense not directly related to business development and training.
Fees:
- No fees associated with the program.
Qualifications
- Must be an Indigenous entrepreneur.
- Business must be located in Manitoba.
- Must be a First Nations, Metis, or Inuit community member.
Must be involved in rural or northern Manitoba communities.
Disqualifications:
- Businesses not owned by Indigenous entrepreneurs.
- Businesses located outside of Manitoba.
- Businesses not serving rural or northern communities in Manitoba.
Description
The Indigenous Business Development Services (IBDS) Program offers valuable support to Indigenous entrepreneurs. You can receive up to $7,500 to help start your business if you win the Dragon's Quest Business Plan Competition. This money can be used for various business needs, such as buying equipment, marketing, or other startup costs.
The program also provides up to $5,000 for organizations serving Indigenous entrepreneurs to implement projects that encourage and support business activities. This funding can be used for training, workshops, or business counselling sessions in rural and northern Indigenous communities.
No payback is required for these funds, making it a risk-free opportunity to boost your business. This program is designed to help you succeed by providing the resources and support you need to grow and thrive.
Program Steps
Gather Required Documentation: Prepare the necessary documents for your application. You will need:
- Business plan
- Financial statements
- Budget and cash flow summary
- Any additional information relevant to your project
Complete the Application Form: Fill out the application form for the program. Ensure all sections are completed accurately.
Prepare a Budget and Cash Flow Summary: Create a detailed budget and cash flow summary to demonstrate how the funds will be used and managed.
Submit Your Application: Send your completed application form, budget, cash flow summary, and any additional documents to the designated contact person via email or fax. Ensure you meet the submission deadline.
Follow Up: After submission, follow up with the contact person to confirm receipt of your application and address any additional questions or requirements they may have.