Venture Investment Program
Highlights
This program is designed for you because it offers flexible debt financing options to help your business start, grow, and thrive. Prosper NWT provides up to $15,100 in grants and contributions for eligible businesses to adopt new digital technologies, enhance their online presence, or digitalize operations. This can give your business a significant edge in today's digital marketplace.
What You Get
- Up to $15,100 in grants/contributions
- Access to digital advisors to help advance your digital projects
Benefits
- Flexible financing tailored to your business needs
- Government-backed support, ensuring reliability and trust
- Expert guidance from a team dedicated to helping your business succeed
Applying for this program is straightforward, and being approved can provide the financial boost and expert support your business needs to excel.
Financing Details
Type of Financing: Grant
Repayment Terms:
- No repayment required.
- No interest rates apply.
Eligible Expenses:
- Adoption of new digital technologies.
- Enhancing online presence.
- Digitalizing business operations.
Ineligible Expenses:
- Funds cannot be used for non-digital related expenses.
- Personal expenses are not covered.
Fees:
- No application fees.
- No administrative fees.
Qualifications
- Must be a business operating in the Northwest Territories (NWT).
- Must be looking to adopt new digital technologies, enhance online presence, or digitalize operations.
Eligible for up to $15,100 in grants/contributions for digital projects.
Disqualifications:
- None specified in the provided context.
Description
This program offers your business up to $15,100 in grants. You can use this money to adopt new digital technologies, enhance your online presence, or digitalize your operations.
You can use the funds for:
- Upgrading your website
- Implementing e-commerce solutions
- Digital marketing tools
- Software to streamline your business processes
No repayment is required for these grants, making it a risk-free opportunity to modernize your business. Additionally, digital advisors are available to help you plan and execute your digital projects effectively.
This program is a great way to boost your business's digital capabilities without financial strain.
Program Steps
Gather Necessary Documentation:
- Business Plan
- Financial Statements (last two years)
- Proof of Business Registration
- Identification Documents (e.g., driver's license, passport)
- Quotes or Invoices for Digital Projects
- Any additional documents requested by Prosper NWT
Complete the Application Form:
- Visit the Prosper NWT website.
- Navigate to the digital projects support section.
- Download and fill out the application form.
Consult with a Digital Advisor:
- Schedule an appointment with a Prosper NWT digital advisor.
- Discuss your digital project and get guidance on the application process.
Submit the Application:
- Ensure all sections of the application form are completed.
- Attach all required documentation.
- Submit the application online or via mail to the provided address.
Follow Up on Application Status:
- Contact Prosper NWT for updates on your application.
- Be prepared to provide additional information if requested.
Review and Sign Agreement:
- If approved, review the grant or contribution agreement.
- Sign and return the agreement to Prosper NWT.
Implement Digital Project:
- Begin your digital project as outlined in your application.
- Keep records of all expenses and progress.
Submit Progress Reports:
- Provide regular updates to Prosper NWT on the status of your project.
- Submit any required progress reports as per the agreement.
Complete Final Reporting:
- Upon project completion, submit a final report detailing outcomes and expenditures.
- Include receipts and documentation of all project-related expenses.
