Northwest Territories Entrepreneur

Northwest Territories Entrepreneur

In order to qualify under this program, the applicant must:

  • Invest:
    • A minimum of $300,000 CDN equity into starting or buying a business within the corporate boundaries of Yellowknife, NWT, or
    • A minimum of $150,000 CDN equity into starting or buying a business outside of the corporate boundaries of Yellowknife, NWT.
  • Have a personal net worth of:
    • At least $500,000 CDN if starting or buying a business within the corporate boundaries of Yellowknife, NWT, or
    • At least $250,000 CDN if starting or buying a business outside the corporate boundaries of Yellowknife, NWT.
  • Have an additional $75,000 kept in a trust account and released upon completion of a Performance Agreement based on a business proposal;
  • Demonstrate a reasonable knowledge and understanding of the NWT and its economy;
  • Be able to demonstrate reasonable communication skills appropriate to the NWT;
  • Have the necessary experience and education to successfully implement the business plan.

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