Trolling for Trout in Great Slave

Sector Support (SEED)

If you’re trying to improve your business by investing in new, or expanded, facilities and equipment, or if you represent a NWT business association, Band or municipality looking to expand your understanding or presence in a sector , this funding program can invest in the expansion or research you need to get there.

These investments are available in two possible categories: Capital Expansion Incentives and Sector Research Support.  

These funds are provided under the Support for Entrepreneurs and Economic Development (SEED) Policy.

Who is eligible?

Indigenous organizations, business associations, municipalities, and businesses in NWT communities involved in the following sectors:

  • Agriculture
  • Energy
  • Film
  • Fishing
  • Knowledge Economy
  • Tourism
  • Value –added manufacturing

Equity requirements for each category

  • Group 1 communities (Yellowknife, Hay River, Fort Smith, and Inuvik) – 30%​​​​​​
  • Group 2 communities (all other communities within NWT) – 20%

Capital Expansion Incentive

This incentive can offset loan interest associated with the capital purchases needed to help your business expand.

Funding

Up to $15,000 a year, for a maximum of two years, may be available to NWT business under this category to offset loan interest associated with new capital purchases for the expansion of your business.  

Required Documents

  • Proof that your business is within one of the approved sectors.
  • Identification of the lending institution.
  • Full loan description including the terms, principle, and interest rates.
  • Outline of the scope and intent of your project to include budget, quotes, and related statements.
  • A historical financial statement including income, cash flow, and balance sheets for three years prior
  • Financial projections for the next three years.
  • Any other relevant information related to the proposal. This may include requests from the GNWT for additional information to assist in evaluating the application. 

For a complete list of required documents see the Application Checklist on the last page of the SEED application.=

Sector Research Support

If you’re looking to develop new products or packages, or working on enhancing your strategic advantage in priority sectors, this contribution can help.

Funding

Up to $25,000 may be available to assist with activities like:

  • Development of research or planning that benefits  businesses in a sector by increasing their competitive advantage, providing information critical to development of a sector or assisting in investment attraction.
  • Development of Sector-specific product development and packaging materials and/or Sector-specific marketing campaigns.

Documents Required

  • Outline of the scope and intent of the project including budget, quotes, and related statements.
  • The names of any outside parties providing assistance to the project.
  • Any other relevant information related to the proposal. This may include requests from the GNWT for additional information to assist in evaluating the application. 

For a complete list of required documents see the Application Checklist on the last page of the SEED application.

How do I apply?

To apply for Sector Support funding, download the application form below and contact your regional Industry Tourism and Investment office to book an appointment to speak with an economic development officer.

Documents: 
AttachmentSize
PDF icon SEED Application Form504.39 KB
PDF icon SEED Brochure - Bilingual 4.11 MB
PDF icon Seed Policy 2019940.78 KB