Presented by:
Canadian Council for Indigenous Business (CCIB) launches its first grant dedicated to young Indigenous entrepreneurs, the Young Indigenous Business Grant. The grant, presented by Loblaw Companies Limited with contributions from Apex Distribution, CIBC and EY is open to Indigenous entrepreneurs under the age of 35 operating their businesses in Canada. 22 successful applicants will receive $2,500 each as well as a one-year CCIB membership to help expand their businesses.
The Young Indigenous Business Grant is administered through CCIB’s Tools for Indigenous Business (TIB) program.
The application process will open on Thursday, June 20 2024 and will close on Thursday, July 25, 2024 at 5 p.m. EST.
A live draw will be made on August 22, 2024 at which time we will select the recipients.
Funding Criteria
The business must be at least 51% owned and controlled by an Indigenous (First Nations, Métis or Inuit) youth under 35.
The for-profit business must be registered in Canada.
For individuals with more than one business, applications will only be accepted for one business.
Supporting Documents Required
To proceed with your application, please review the required documentation. In fields where documents are required, you will not be able to proceed without uploading the relevant documents.
If you are currently an existing Certified Indigenous Business (CIB) in good standing, in sections where documents need to be uploaded instead of the supporting documents please upload a copy of your CIB certificate.
To help you apply for the fund, below is a check list of all the documents and information you will need to complete the application. Please do not start an application unless you have all the information noted below readily available:
- Name of the Indigenous owner who has 51% or more ownership (proof of Indigenous ancestry required)
- Legal name of business and date established
- Legal structure of the business (proof of ownership documents will be required)
- Number of employees (includes full and part-time employees)
- Business description
Proof of Acceptable documents include the following:
- Indian status card
- Métis National Council Governing Membership
- Inuit Beneficiary card
Or, valid identification provided by the following:
- Congress of Aboriginal Peoples (CAP) affiliate membership
- Northwest Territories Land Claim Settlement Beneficiaries
- Alberta Métis Settlement Members
- Northwest Territory Métis Nation Membership
- Membership in a historic Métis community recognized as independent and rights-bearing by a provincial or Canadian federal government
Proof of ownership and control documents demonstrating a minimum 51% Aboriginal ownership; acceptable documents pertaining to your business structure include:
Sole Proprietorship
- Master Business License or provincial/territorial equivalent
Corporation
- Articles of Incorporation
- Shareholders Agreement
- Shareholders Registry
- Corporate Tax Return – Schedule 50 if available
Partnership
- Partnership Agreement