Funding Programs
Funding Programs
The Kivalliq Inuit Association believes in developing healthy communities by increasing their economic capacity through enhancement services and support programs for the business community in the Kivalliq.
The Kivalliq Inuit Association provides assistance for the various stages of a business by providing funding to investigate, plan, establish, manage or expand their business. Our goal is to help create viable and successful Inuit owned businesses that provide employment opportunities in the Kivalliq communities that they operate.
Traditional Economy Fund
Formerly called Contributions to Small Business (CSB)
The Contributions to Small Business Program has been replaced by the Traditional Economy Fund (TEF).The Traditional Economy Fund provides access to those in need of small-scale grants for equipment, tools, and materials necessary for harvesting and arts & crafts-related activities by providing contributions of up to $1,500. per applicant with priorities given to the following applicants who….
-
-
- Have not previously received funding;
• Are relieving poverty among Inuit in the region;
• Are willing to sell what they produce;
• Are collaborating with other Inuit instead of competing with them;
• Are purchasing goods or services from Inuit-owned firms;
• Are protecting the environment;
• Are in future industries instead of current industries;
• Use technology, where desired
- Have not previously received funding;
-
For more information please review the application guidelines below.
To be fair to all potential applicants, those who receive funding are eligible to re-apply only after a period of two years.
****Please Note, KIA has implemented a new policy regarding the submission of applications for the TEF program. From this point on, the KIA will only accept online applications. Please review the TEF Policy below. Once you are ready, please click on the online application form below to start your application. It is important to include copies of actual quotes from providers and is required as part of the application process. For more information, contact your local CLOs in your community.
Traditional Economy Fund Policy
Traditional Economy Fund Application Form
Business Development Fund (BDF)
The Business Development Fund is available to Inuit entrepreneurs and Inuit owned businesses that demonstrate need for financial assistance. A lifetime maximum of $25,000 is available in each of the five (5) categories: Planning & Development, Business Creation & Expansion, Marketing, Training, and Business Relief.
Business Development Fund (BDF) Guidelines and Application
Entrepreneurship and Business Development (EBD) Program
The Entrepreneurship and Business Development (EBD) Program assists in the pursuit of economic opportunities for the benefit of Aboriginal people. The program includes project-based support for activities that facilitate the establishment or expansion of Aboriginal businesses. The Kivalliq Inuit Association delivers the EBD Program on behalf of the Canadian Northern Economic Development Agency (CanNor) in the Kivalliq region. For more information about this program, please consult CanNor’s website CanNor EBD information page or contact The Kivalliq Inuit Association’s Department of Inuit Programs and Services at 867-645-5725; 800-220-6581.
Inuit Opportunities Fund
The primary objective of the Inuit Opportunities Fund is to support economic activities related to tourism by Inuit-owned or –controlled business ventures in Baker Lake. Priority will be given to Inuit Firms that are:
- Collaborating with other Inuit-owned firms instead of competing with them (non-Inuit firms are excluded);
- Purchasing goods or services from other Inuit-owned Firms;
- Attracting foreign investment;
- Protecting the environment instead of potentially damaging it;
- Collectively-owned instead of individual-owned;
- In future industries instead of current industries;
- Labor-intensive instead of capital-intensive;
- 100% Inuit-owned instead of lower Inuit-ownership (Any 51% Inuit-owned Firm must have an Inuit ownership increase plan in place);
- Technology-intensive instead of technology-free;
- Leveraging other programs instead of the Inuit Opportunities Fund alone;
- Right-sized instead of ambitiously-sized.
The maximum amount of funding for each approved application and the requirement for contributed equity will be as follows:
Project Type | Maximum Contribution Level | Required Cash Equity | Requirement to Leverage Other Programs |
Feasibility study; business planning; market study | $15,000 | 0% | yes |
Business valuation; asset condition assessments and appraisals | $15,000 | 0% | yes |
Legal and other professional fees; negotiation; | $10,000 | 10% | yes |
Accounting support and training; management and technical training; | $10,000 | 10% | yes |
Purchase of assets; operating costs of a start-up | $25,000 | 10% | yes |
Inuit Opportunities Fund Application Form
For more information about this program, please contact:
Inuit Programs and Services Department
Kivalliq Inuit Association
Tel: 867-645-5725;
Toll-free: 1-800-220-6581
Fax: 867-645-2348
Summer Work Experience Program
This program provides youth with summer employment opportunities where they can gain work experience and develop important skills such as communication, problem-solving and teamwork. The First Nations and Inuit Summer Work Experience Program is part of the First Nations and Inuit Youth Employment Strategy.
For more information about this program, please contact:
Inuit Programs and Services Department
Kivalliq Inuit Association
Tel: 867-645-5725;
Toll-free: 1-800-220-6581
Fax: 867-645-2348