This program is designed specifically for Indigenous entrepreneurs and businesses like yours. It offers grants and financing to help you grow and diversify your business. By applying, you can access funds to support start-up costs, business expansion, and other economic development initiatives.

Why Apply?

• Access to Grants and Financing: Receive financial support tailored to your business needs.
• Economic Diversification: Funds to help diversify your business and explore new opportunities.
• Employment and Training: Increase access to employment and training for your community.
• Collaboration Opportunities: Work with other Indigenous communities and the private sector to boost economic growth.

What’s in it for You?

• Flexible Financing Options: Choose from different funding streams to best suit your project.
• Support for Various Stages: Whether you need start-up capital or funds for expansion, this program has you covered.
• Government-Backed: Enjoy the security and reliability of government-backed financing.

Applying is straightforward, and the benefits can significantly impact your business's growth and sustainability. Take advantage of this opportunity to enhance your business and contribute to your community's economic development.

Type of Financing: Grant

Eligible Expenses:

• Business start-up costs
• Business expansion costs
• Skills training
• Economic development initiatives
• Collaboration projects between Indigenous communities and the private sector

Use of Funds:

• Funds can be used to diversify Indigenous economies.
• Funds can increase access to employment and training opportunities.
• Funds can support small and medium-sized business start-ups and expansions.

Restrictions:

• Funds cannot be used for personal expenses.
• Funds cannot be used for activities not related to economic development.

Fees:

• There are no fees associated with applying for or receiving this grant.

The Indigenous Economic Development Fund (IEDF) offers a fantastic opportunity for your business. It provides grants and financing to help you grow and diversify your operations. You can receive funding to start or expand your business, access employment and training opportunities, and collaborate with other Indigenous communities and the private sector.

The fund supports various projects, including economic diversification, skills training, and other initiatives that promote economic development. This means you can use the money for things like buying new equipment, hiring and training staff, or even renovating your business space.

There are three main funding streams: Economic Diversification Grant, Business and Community Fund, and Regional Partnership Grant. Each stream offers different types of support, ensuring that your specific needs are met. This program is designed to help you succeed and create more job opportunities within your community.

1. Gather Necessary Information:

• Understand the specific funding stream you are applying for (Economic Diversification Grant, Business and Community Fund, or Regional Partnership Grant).

2. Prepare Required Documentation:

• Business Plan
• Financial Statements
• Proof of Indigenous Ownership
• Project Proposal (including objectives, timelines, and expected outcomes)
• Budget Breakdown
• Letters of Support (if applicable)
• Any additional documents specified in the application guidelines

3. Register and Create an Account:

• Visit the Ontario government funding portal.
• Register and create an account if you do not already have one.

4. Complete the Online Application Form:

• Log in to your account.
• Select the appropriate funding stream.
• Fill out the application form with accurate and detailed information.

5. Upload Documentation:

• Attach all the required documents to your online application.
• Ensure all files are in the correct format and within size limits.

6. Review and Submit:

• Double-check all information and documents for accuracy.
• Submit your application before the deadline.

7. Follow Up:

• Monitor your email for any communication from the funding body.
• Be prepared to provide additional information or clarification if requested.

8. Await Decision:

• Wait for the review process to be completed.
• You will be notified of the decision via email.

9. Accept Funding and Comply with Terms:

• If approved, review the funding agreement.
• Accept the terms and conditions.
• Ensure compliance with all reporting and usage requirements.