Support for Entrepreneurs and Economic Development (SEED) — Micro-business
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SEED — Micro-business Grant Analysis ### 📋 Eligible Entities - Self-employed individuals and sole proprietors - Micro-businesses with fewer than 5 employees - Indigenous entrepreneurs and businesses - Individuals engaged in traditional harvesting activities - New and existing micro-business owners seeking growth or stabilization - Applicants must demonstrate a genuine intent to establish or maintain self-employment ### 💰 Funding Details - Maximum Grant Amount: $6,000 - Distribution Period: Up to 3 years - Repayability: Non-repayable grant (no loan repayment required) - Matching Requirements: Typically not specified; verify with program administrator for cost-sharing expectations - Funding Structure: Direct grant disbursement for eligible purchases ### 🛠️ Approved Expenses - Purchase of tools and hand tools - Equipment acquisition (small-scale, operational equipment) - Traditional harvesting activities and related equipment - Self-employment activity setup and materials - Business equipment directly supporting self-employment operations - Materials and supplies essential to business operations - Note: Capital purchases must directly support the micro-business activity ### ⚠️ Conditions & Milestones - Funds must be used within the 3-year program period - Applicants must maintain self-employment status during funding receipt - Equipment and tools purchased must remain in active business use - Recipient accountability for appropriate use of grant funds required - Program eligibility may vary by province/territory; confirm local program details - Application deadlines and intake periods may apply - Funding is subject to availability and program capacity - Recipients may need to provide proof of purchase and business operation
About this program
Micro businesses can get funding of up to $6,000 over three years for the purchase of tools, equipment, traditional harvesting activities, and other self-employment activities.
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