JEDI — Indigenous Business Incubator Program
Highlights
The JEDI Business Incubator Program is designed specifically for new and early-stage businesses like yours. This program offers weekly training sessions, business coaching, and Indigenous guest speakers to help you turn your ideas into reality. You will receive a personalized business presentation and a customized business support plan tailored to your needs. The program covers essential business fundamentals, from financial management to marketing, ensuring you have a solid foundation.
By participating, you will gain access to mentorship from successful entrepreneurs, networking events, and development resources. The program also provides free tools and discounts, connecting you to the greater startup ecosystem. Additionally, you will receive guidance on how to raise capital and meet with research and development organizations, successful entrepreneurs, and business support organizations.
The program is supported by the Government of Canada, the Government of New Brunswick, and multiple industry partners, making it a reliable and valuable resource. Qualifying is straightforward, and the benefits are immense, providing you with the knowledge, tools, and confidence to grow your business successfully.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Business development costs
- Marketing and promotional activities
- Equipment purchases
- Training and development programs
- Research and development
Ineligible Expenses:
- Personal expenses
- Debt repayment
- Real estate purchases
- Salaries for existing staff
Fees:
- No application fees
- No administrative fees
This grant provides financial support without the need for repayment. It is designed to help cover various business-related expenses, ensuring your business can grow and thrive.
Qualifications
- Must be a new or early-stage business.
- Must be an Indigenous-owned business.
- Business must be located in New Brunswick.
- Must be willing to participate in weekly training sessions.
- Must be open to receiving business coaching.
- Must be interested in networking and mentorship opportunities.
Must be seeking connections to financial resources and advice on raising capital.
Disqualifications:
- Businesses not owned by Indigenous individuals.
- Businesses not located in New Brunswick.
- Established businesses beyond the early-stage phase.
- Businesses unwilling to participate in weekly training sessions or coaching.
Description
This program helps your business grow by providing essential support and resources. You will receive weekly training sessions, business coaching, and hear from Indigenous guest speakers. These sessions cover important topics like financial management and marketing, giving you the tools to succeed.
You will benefit from a personalized business presentation and a customized business support plan. The program also offers mentorship from successful entrepreneurs, networking events, and access to development resources. You will get free tools and discounts, and connections to the broader startup ecosystem.
Additionally, the program connects you to financial resources and offers advice on raising capital. You will meet with research and development organizations, successful entrepreneurs, and business support organizations. This comprehensive support is backed by the Government of Canada, the Government of New Brunswick, and multiple industry partners.
Program Steps
Gather Required Documentation: Prepare the following documents to support your application:
- Business Plan
- Financial Statements (past two years)
- Proof of Business Registration
- Identification Documents
- Any relevant permits or licenses
Complete the Application Form: Fill out the application form provided by the JEDI Indigenous Business Incubator Program. Ensure all sections are completed accurately.
Submit Application: Submit the completed application form along with the required documentation to the JEDI office via email or in person.
Attend an Information Session: Participate in an information session to understand the program details, benefits, and expectations.
Interview Process: Be prepared for an interview with the program coordinators to discuss your business idea and how the program can support your goals.
Review and Acceptance: Wait for the review process. If accepted, you will receive an official notification and further instructions on the next steps.
Begin Program Participation: Once accepted, start attending the weekly training sessions, business coaching, and networking events as outlined by the program schedule.