AIC support is based on eligibility, merit and the amount of funds available to AIC.
Funding is in the form of a conditional, non-repayable contribution and is not a "grant". Clients who are approved receive a legal agreement and must comply to set of conditions to ultimately receive the funding as non-repayable.
To be considered for a contribution, applicants and their business projects must meet AIC's and its partner AFIs eligibility and investment criteria.
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.
The maximum funding that can be considered for any project is the sum of 40% of eligible capital costs plus 75% of eligible non-capital & planning costs for a combined total not exceeding $99,999. Follow-on projects in future years normally see lower rates of support.
We focus on helping Indigenous entrepreneurs in southern Ontario establish, improve and grow their for-profit businesses.
Projects focused on planning in support of for-profit business activities in southern Ontario may be considered.
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