Indigenous Business Financing Resources

Here is a resource how-to page for Indigenous entrepreneurs looking to access grants and financing for their Indigenous-run businesses in Canada:

Research Funding Opportunities: 

  1. The first step is to research funding opportunities available to Indigenous businesses. Some of the funding options available include the Indigenous Growth Fund, Indigenous Services Canada, and various resources through Canadian Council For Aboriginal Business (CCAB). Research the eligibility criteria, application process, and deadlines for each funding opportunity.

  2. Develop a Business Plan: A well-written business plan is critical for securing funding. It should outline your business model, products or services, target market, financial projections, and how the business will benefit the Indigenous community. The Business Development Bank of Canada offers free business planning tools and templates. We can also assist with this. Email [email protected] to learn how.

  3. Seek Guidance from Indigenous Business Organizations: Many organizations provide guidance and support to Indigenous businesses. These organizations include the Canadian Council for Aboriginal Business, the National Aboriginal Capital Corporations Association, and the National Indigenous Economic Development Board. They can help with business planning, accessing funding, and networking.

  4. Apply for Funding: After researching funding opportunities and developing a business plan, it's time to apply for funding. Make sure to review the application requirements and provide all necessary documents. Follow up with the funding organization if you have any questions or concerns.

  5. Consider Alternative Financing Sources: Traditional financing sources are not the only options available. Alternative financing sources include crowdfunding, impact investing, and community loan funds. The Indigenous-owned Raven Indigenous Capital Partners provides venture capital to Indigenous businesses.

  6. Seek Mentorship and Networking Opportunities: Networking with other Indigenous entrepreneurs and mentors can provide valuable insight and advice. The National Aboriginal Capital Corporations Association offers mentorship programs, and the Canadian Council for Aboriginal Business has networking events and an online directory of Indigenous-owned businesses.

  7. Stay Informed: It's important to stay up-to-date on funding opportunities and changes in policies. Subscribe to the associations' newsletters listed above and follow relevant organizations on social media. Activ8 offers business tips and funding resources on a regular basis online at @activ8inc

By following these steps and looking into all available resources, you'll be able to access funds to start and grow your Indigenous business.  We've helped many Indigenous entrepreneurs access funding for their businesses, Feel free to contact us for help anytime! [email protected]