Strategic Investments Programme – Nunavut Economic Foundation Fund ### 📋 Eligible Entities - Private sector businesses operating in or relocating to Nunavut - Indigenous-owned enterprises and Indigenous organizations - Cooperatives and social enterprises - Partnerships between private and public/non-profit entities - Not-for-profit organizations undertaking economic development projects - Businesses must demonstrate intent to operate in Nunavut or significant economic ties to the territory ### 💰 Funding Details - Contribution Model: Non-repayable grants (contributions) - Funding Range: Variable based on project scope and strategic importance (specific caps not detailed in description) - Matching Requirements: Likely requires applicant cost-sharing; exact ratio to be confirmed with program administrator - Repayability: Non-repayable contributions (grant-based, not a loan) - Disbursement: Staged payments typically tied to milestone achievement and verified expenditures ### 🛠️ Approved Expenses - Job Creation Initiatives: Salaries, training, and onboarding for new positions - Skills Development: Training programs, apprenticeships, and workforce capacity-building - Infrastructure & Equipment: Capital investments supporting economic activity - Business Operations: Operational costs directly tied to measurable economic development outcomes - Technology & Innovation: Tools and systems enhancing productivity and competitiveness - Any expenses demonstrating direct contribution to tangible, measurable economic benefits in Nunavut ### ⚠️ Conditions & Milestones - Measurable Outcomes Required: Projects must demonstrate tangible, quantifiable benefits (employment numbers, training opportunities, community impact) - Strategic Alignment: Projects must align with Nunavut's economic development priorities - Accountability Reporting: Recipients must track and report job creation, training placements, and other agreed metrics - Eligible Geographic Scope: Projects must benefit Nunavut's economy and communities - Verification: Expenditures subject to audit and verification before fund disbursement - Timeline Compliance: Projects must adhere to agreed implementation schedules and payment milestones - **Local Benefit