Funding Opportunities
Secure Funding to Grow Your Business
Funding and Support Eligibility
Whether You’re A New Entrepreneur Or Have Been In Business For Years, We Offer A Range Of Funding And Support Assistance Options To Accelerate Your Business Growth.
Already a client? Please reach out to your business advisor to learn more about our funding options.
Our funding and support eligibility are as follows:
Consultant Advisory Services (CAS) Funding:
CAS Funding helps businesses to conduct valuable research and develop marketing strategies to better help them reach clients.
An entrepreneur that is interested in starting their own business and will require the assistance of a consultant to complete a business plan will be eligible for funding. This funding will not exceed 75% of the total consulting cost, to a maximum of $6500 (before taxes). The entrepreneur will be responsible for the remaining 25% and any amount over $6500.
An entrepreneur that is currently working full-time with their business and seeking assistance with marketing research, strategies or materials will be eligible for up to 75% of the total consulting cost, to a maximum of $5000 (before taxes). The entrepreneur will be responsible for the remaining 25% of the cost and any amount over $5000.
How to Apply:
To apply for the Consultant Advisory Services (CAS) Funding, please contact us at 709.896.5722 to discuss your business opportunity.
Self-Employment Assistance (SEA) Funding
SEA Funding helps unemployed or underemployed persons secure the support they need to start and support their own business.
The NunatuKavut Business Centre, in partnership with NunatuKavut Community Council offers a Self-Employment Assistance (SEA) program to entrepreneurs who are unemployed or underemployed (working less than 20 hours per week) and starting a new business. The Self Employment Assistance (SEA) allows entrepreneurs to concentrate on making their new business succeed.
The SEA Funding benefit shall be applied for no later than 6 months after the start of the business. Entrepreneurs must be members of NunatuKavut Community Council, working full-time toward the business, and must provide a professional business plan upon completion of the program. Entrepreneurs are also expected to provide activity reports for the duration of the program. Self-Employment Assistance shall not exceed 8 months and the benefit shall not exceed a maximum amount of $8,000.
How to Apply:
To apply for the Self Employment Assistance (SEA) Program, please contact us at 709.896.5722 to discuss your business opportunity.
NunatuKavut Entrepreneur Training (NET) Program
The NET Program provides business owners with funding for the purposes of offsetting the costs associated with training programs.
The NunatuKavut Entrepreneur Training (NET) Program provides NunatuKavut Business owners/key staff financial assistance for training purposes. It allows participants to attend and complete skills training by alleviating program costs or travel expenses incurred. Training must be directly related to their business operations and provide proof of training upon completion.
This funding is available to qualified individuals on the recommendation of the Centre’s Business Advisor and exists to assist businesses in acquiring key training in order to effectively run their business. Entrepreneurs will be eligible for up to 75% of the total training cost, to a maximum of $3500 (before taxes). The entrepreneur will be responsible for the remaining 25% of the cost and any amount over $3500.
How to Apply:
To apply for the NunatuKavut Entrepreneur Training (NET) Program, please contact us at 709.896.5722 to discuss your business opportunity.
Additional Funding and Business Support Opportunities
Numerous funding and support sources for entrepreneurs at all stages of their careers are accessible through the NunatuKavut Business Centre. For more information or assistance in researching funding options, contact the NunatuKavut Business Centre.
Immigration, Population Growth and Skills – Immigration, Population Growth and Skills (gov.nl.ca)
The Department of Immigration, Population Growth and Skill offers a spectrum of programs, services and support systems designed to ensure the province has the skilled workers necessary to fuel economic growth, competitiveness and prosperity for our fast-growing economy.
Atlantic Canada Opportunities Agency (ACOA)
ACOA works with many partners to help entrepreneurs in Atlantic Canada access capital to start-up or expand a business. ACOA also coordinates programs designed to stimulate the development and commercialization of new technologies and the climate for business growth in the region. For more information visit the website above or contact the ACOA Labrador Office:
BizPal Newfoundland & Labrador
Starting a business, but don’t know what licenses and permits are required? Simply answer a short series of questions about your current or proposed business to generate a custom list of the permits and licenses you may need from all levels of government. You may also save or print your results for future reference.
Department of Tourism, Culture, Industry and Innovation (TCII)
Government of Newfoundland & Labrador The Government of Newfoundland and Labrador offers many programs and services to entrepreneurs.
Department of Industry, Energy and Technology – (gov.nl.ca)
As the lead for innovation, economic development and diversification in Newfoundland and Labrador, the Department of Industry, Energy and Technology (IET) focuses on creating a competitive environment to support private sector investment and business growth and supporting industries in Newfoundland and Labrador like mining, energy and technology. Working closely with key stakeholders, the department also develops and monitors supporting regulatory and benefits activities.
Business Development Bank of Canada (BDC)
Work with an account manager to find a complete financial solution for your long-term success. Together, you’ll examine and assess the viability for your proposed project, your management team, and your company’s financial strength, commitment, and future prospects. This collaborative approach allows BDC to be more flexible, take greater risks, and to help an increasing number of innovative Canadian businesses prosper in today’s global economy. For contacts in Newfoundland and Labrador, visit the site.
Community Business Development Corporations (CBDC)
CBDC offers financial assistance in the form of loans, loan guarantees and equity financing to existing and aspiring entrepreneurs, women interested in starting or expanding a business, youth wishing to start an enterprise, and entrepreneurs wishing to commercialize or adopt new technologies. Business counseling and skills training is also available
Service Canada
Service Canada offers a variety of programs and services to entrepreneurs of all ages, including self-employment benefits, targeted wage subsidies, job creation partnerships, Canada summer jobs, and more.
Ulnooweg Development Group Inc
Ulnooweg Development Group Inc. offers a variety of business loans with a wide range of interest rates and repayment terms. You may apply for one or a combination of the different Ulnooweg loans, up to a maximum of $250,000.
