Please note: BEP is a need based program.
Copy of application available to be printed here: ABC BUSINESS PROPOSAL FORM
This program is sometimes referred to as Aboriginal Business Canada (ABC), Aboriginal Business Development Fund (ABDF), or Aboriginal Business and Entrepreneurship Fund (ABEF).
Contributions to assist in the capital, marketing and operating costs of establishing, expanding and acquiring a business:
- Up to $99,999 for individuals
- Up to $250,000 for community owned businesses
- Up to 40% contribution toward eligible startup and 3 months of operating costs or 30% toward eligible acquisition or expansion costs
- minimum 10% cash equity required
- financing required
- ineligible costs include (not exhaustive): land & building, owners wages, unnecessary costs, personal expenses, pre-committed expenses
- ineligible projects include (not exhaustive): tobacco or alcholo related activities, sexually exploitative or Explicit operations, gaming-related businesses, and pay-day loan and similar type businesses.
Contributions up to 75% for planning and support activities including::
- business plans,
- feasibility studies,
- environmental studies for commercial development
- business valuation for business acquisitions
- business suppport (i.e. setting up financial reporting requirements, implementation services, etc.)
financing not required
The program can provide contributions for marketing initiatives that are local, domestic, or export oriented.:
- must provide a detailed marketing plan,
- maximum 60%,
- no financing required.
**NEW – Aboriginal Business Canada & YOU – Working with You to Succeed. This Publication provides a step-by-step description of what’s involved when you apply for assistance for your Business Proposal)
Participant eligibility is limited to Canadian status and non-status First Nations, Inuit, Metis, associations, partnerships or other legal entities on or off reserve, as well the applicant is required to:
- Be nineteen years or older
- Reside and operate or propose to operate the business on, or serviced from, Vancouver Island
- Access term financing with each application with the exception of applications for business planning, feasibility studies and the implementation of a marketing plan.
The Application Process through NEDC is as follows::
**Please remember to leave yourself enough time to complete the process and note that costs that are already committed to are not eligible expenses.
- Contact NEDC office and discuss your idea and/or business plan with a Business Development Officer (BDO).
- Complete an application form called the BUSINESS PROPOSAL FORM (BPF). NEDC will conduct a credit check.
- Complete and submit a business plan and submit any additional information requested by your BDO. The business plan undergoes an in-house analysis.
Once accepted, the business plan is submitted for approval to the delegated approval authority. If the request for a contribution is approved, the applicant will receive a “Letter of Offer” from NEDC.
A project is monitored for the life of the agreement to ensure the client continues to meet their contractual obligations and to determine the success of the project.
Aboriginal Affairs & Northern Development Canada::
INAC Claim Summary – PDF
The Business Equity Program (B.E.P.): is a partnership between the Nuu-chah-nulth Economic Development Corporation (NEDC) and Aboriginal Affairs and Northern Development Canada (AANDC).