What is the Atuqtuarvik financing?
The Atuqtuarvik financing is a Inuit and Northern program administered by Atuqtuarvik Corporation, serving Northern Canada. Equity and debt financing supporting direct Inuit participation in major economic opportunities in Nunavut.
Funding: Set per transaction.
How Inuit and Northern program funding works
Northern and Inuit programs serve businesses in the territories and Inuit regions, where costs, distances and market size differ from the south. Programs are designed around those conditions.
How to prepare an application
- 01Confirm the current intake window, eligibility and funding amounts directly with Atuqtuarvik Corporation on the official program page. These change from year to year.
- 02Gather proof of Indigenous ownership, membership or citizenship if the program requires it. Verification can take time, so start early.
- 03Prepare a clear project description, a budget showing every source of funds, and recent financial statements or a forecast.
- 04Line up the rest of the financing. Many programs fund only part of a project and expect the balance from equity, a lender or another program.
- 05Submit before the deadline, keep copies of everything, and report on the project as the funding agreement requires.
Combining it with other capital
Non-repayable funding works best when it is sequenced before debt. Grants and contribution agreements reduce how much a business needs to borrow, which can make the loan that follows smaller and easier to approve. Read why we stack non-dilutive capital before debt, or see how our grants and non-dilutive capital service works.