This program promotes entrepreneurship in Indigenous communities and seeks to increase the number of viable Indigenous-owned businesses. The program has 2 components: access to capital and business opportunities.
Access to capital
The program provides Indigenous businesses with access to non-repayable contributions for:
- supporting eligible business proposals
- leveraging additional funds
The National Aboriginal Capital Corporations Association (NACCA) manages the program and distributes the funding through a network of 59 Aboriginal Financial Institutions (AFIs) across Canada. The AFIs can offer capital and other business support services to Indigenous businesses.
The amount of funding available for a business proposal depends on its scope and its estimated budget. Individual Indigenous entrepreneurs may receive up to $99,999 in funding assistance.