Aboriginal Business Development Fund

Description

The Aboriginal Business Development Fund (ABDF) works with Aboriginal entrepreneurs and their partners to provide a range of services and supports that promote the growth of a strong Aboriginal business sector in Canada and help Aboriginal entrepreneurs, communities and organizations to achieve their business goals.

Individual Aboriginal entrepreneurs may receive up to $99,999 in funding assistance. For community-owned businesses, this assistance can vary. The level of support for your business project will depend on a number of factors that you will need to discuss with your Aboriginal Financial Institution (AFI).

Many Aboriginal entrepreneurs and communities can qualify for business development support. Depending on the nature of the project, you may be able to obtain funding to assist with a wide range of activities, including:

  • Business planning
  • Establishment (capital) costs
  • Business acquisitions
  • Business expansions
  • Marketing initiatives that are local, domestic, or export oriented
  • New product or process development
  • Adding technology to improve operations and competitiveness
  • Operating costs in association with capital costs
  • Financial services, business support, business-related training, and mentoring services

Special Requirements

Clients must be individuals of Canadian Aboriginal heritage — Status or Non-status Indian (on or off-reserve), Métis or Inuit — or a majority-owned Aboriginal business, or an Aboriginal community and/or development corporation.

To be eligible for support, clients should also be involved full-time with the proposed business in a management capacity and must be able to provide some level of cash equity to support the project.

Last updated: May 22, 2018