Strategic Investments Program — Nunavut Economic Foundations Fund ### 📋 Eligible Entities - Private businesses registered and operating in Nunavut - Corporations (for-profit and not-for-profit) - Partnerships and joint ventures with Nunavut presence - Indigenous organizations and Inuit-owned enterprises - Social enterprises with demonstrated economic development objectives - Cooperatives established under territorial or federal legislation - Businesses must have a physical presence and operations in Nunavut - Must demonstrate community benefit and alignment with territorial economic priorities ### 💰 Funding Details - Grant type: Non-repayable contribution (forgivable funding) - Funding structure: Cost-sharing model requiring applicant investment - Matching ratio: Typically requires 25-50% matching funds from applicant (subject to project assessment) - Award range: Project-dependent; generally $50,000 to $500,000+ - Repayability: Non-repayable upon successful completion of milestones - Funding source: Territorial government economic development allocation - Payment structure: Typically disbursed in tranches upon milestone completion and documentation ### 🛠️ Approved Expenses - Job creation initiatives (wages, training, recruitment) - Infrastructure development (facilities, equipment, technology systems) - Capacity building and workforce training programs - Product or service development with commercial viability - Market expansion and business development activities - Technology adoption and digital transformation - Professional services (feasibility studies, business planning, technical consulting) - Equipment purchases directly supporting project objectives - Community engagement and benefits programs - Operational costs directly tied to project delivery - Projects must demonstrate tangible, measurable economic outcomes ### ⚠️ Conditions & Milestones - Project timelines: Must be completed within 12-24 months (varies by project scope) - Measurable deliverables required: - Job creation targets must be met and maintained - Training hours or participant numbers as committed - Revenue generation