AIC ABFP fully-subscribed for 2020-2021, we're looking for future projects!
AIC support is based on eligibility, business merit (demonstrated viability) and the amount of funds available to AIC.
When available, AIC's ABFP funding is in the form of a conditional, non-repayable contribution (similar to a "grant" with some differences).
To be considered for a contribution, applicants and their business projects must meet AIC's and its participating local AFI eligibility and investment criteria. AIC must have either a recommendation or concurrence from a client's local AFI.
Clients who are approved receive a legal agreement and must comply to set of conditions to ultimately receive the funding as non-repayable.
Funding is not provided upfront. It based on a percentage of eligible costs incurred and eventually claimed. Once a claim can be verified, funding can be paid.
We focus on helping Indigenous entrepreneurs in southern Ontario establish, improve and grow their for-profit businesses.
AIC is focused on path-finding for Indigenous Community Organizations (such as First Nations) enabling them to secure funding and financing for business projects.
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