Supporting Research and Development of a Business Plan
This program is intended to provide support to First Nation individuals or First Nation-based enterprises which, in the opinion of the Fund, have a business concept that, through initial screening, provides excellent opportunity but demonstrates a need for financial assistance to develop a professional business plan.
This program allows the applicant to engage the services of a professional consultant to assist in the research and development of a quality business plan that will be used to attract financing.
Applicants should also attach a business concept summary. The business concept summary should include but not be limited to: business overview, industry overview, marketing strategy, management experience, staffing, estimated project costs and financing.
Nature of Funding
Funding available is up to 75% of the costs to a maximum of $20,000. This funding is non-repayable. The client is expected to pay the first 25% of the costs.
Eligibility Criteria
Applicants must:
- Be a member of a First Nation, with a headquarter location in Manitoba.
- Be aged 18 and over, and eligible to work in Canada.
- Submit an application describing the business for which they wish to develop a business plan.
- Not have owned a similar business in the past 12 months.
- Provide the name and qualifications of the proposed consultant, proposed terms of reference and a written proposal, including a quote.
Applicants must provide the name and qualifications of the proposed consultant, proposed terms of reference and a quote.
FPEGF recommends that three competitive quotes are obtained.
Approval of funding is required prior to consultant commencing the assignment.