AIC ABFP fully-subscribed for 2020-2021, we're looking for future projects!
For a project to be considered, the outcomes (results) must enable eligible Indigenous entrepreneurs to financially benefit from for-profit business activities that generate active business income.
Applicants must demonstrate the project is feasible to implement, as budgeted, no later than the following March 31, with a clear project plan; and, the expected outcomes (results) of the project justify the costs and risks.
Planning is usually supported as an initial project, followed by second project in support of the balance of business investments.
Enabling effective and timely decisions of applicants, funders, lenders and/or regulators. Common project activities include engaging professionals to assist with business plans, projections, valuations, acquisitions, design, engineering and environmental assessments.
Starting a new business venture that is feasible to establish and financially viable. The merit of these projects are demonstrated by a solid business model as demonstrated by a business plan, financial projections, cost estimates and supporting market information.
Purchasing an established viable business in southern Ontario. Before funding can be provided for an acquisition, the purchase price of an acquisition must be validated by a valuation report followed by services from a lawyer to enable the transaction.
Improve or expand the capabilities and capacity of an established business. Examples include expanded facilities or equipment, adoption of new technologies, implementing improved processes and practices and expanding the breadth of products and services.
Enhancing the capabilities and capacity to market and promote a business while building the most effective and efficient channels that establish, maintain and grow relationships with customers and accelerate sales.
Enhance the capabilities and capacity of management. Most common examples involve accounting, tax and legal advisory. Other examples include memberships in professional bodies or industry associations, mentoring and specialized training,
If needed, the above projects types can be combined under a single project.
For example, some entrepreneurs need a planning phase followed by capital investments to start, acquire, improve or expand a business plus additional investments into marketing and enhancing management capacity.
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