New Businesses:
Information Technology

New Businesses:
Information Technology

FAQs

How long does the application process take? How much funding can I receive? What if I don't have 100 percent ownership in my business? I want to take training to develop specific management skills. Can ABC assist me?

Aboriginal Business Canada (ABC) can support new businesses in any sector with information technology for administrative and operational purposes.

This category of support is intended to assist new businesses in improving their operations and competitiveness through the purchase of information technology.

Contact us before proceeding with your application.

Eligibility Criteria

To be eligible for ABC support for projects related to information technology for administrative or operational purposes, you must:

• be of Aboriginal heritage (Status or Non-status Indian – located on or off-reserve – Métis or Inuit);
• have a minimum of 15 percent cash equity to invest in the total eligible project costs. (This may increase depending on your financial capacity to bear more of the costs. At least one half of your equity must come from personal resources.);
• demonstrate that adequate financing has been obtained for the remaining business start-up costs not supported by ABC; and
• demonstrate that, based on the costs and financing of the business start-up, the proposed costs do not permit the leasing of the information technology.

Additional Considerations

• The proposed information technology must be integral to the business activity and support a specific business process.

Overview of Supported Activities

Examples of information technology for administrative purposes include:

• payroll/human resources support technology, and
• correspondence control systems.

Examples of information technology for operational purposes include:

• computer-aided design technology,
• point-of-sale systems, and
• electronic commerce technology.

Eligible Project Costs

For projects involving information technology for administrative and operational purposes, ABC can support:

• capital costs, and
• costs associated with obtaining appropriate training and/or mentoring services.

Applying to ABC for Support

Now that you have reviewed our eligibility criteria and other important information, you are ready to proceed to the next section. This section will explain the application process for ABC support.

Questions? Please review our Frequently Asked Questions or contact a development officer at an office location near you.

Before You Apply | Applying to ABC | Once a Project is Approved | Once a Project is Completed