2019-2020 Expression of Interest: Guidelines
The Canadian Northern Economic Development Agency is seeking Expressions of Interest (EOI) for new single or multi-year projects starting in the 2019-2020 fiscal year.
All EOI must be submitted by email at firstname.lastname@example.org prior to 11:59PM Pacific Time on March 1, 2019, using CanNor's 2019-2020 Expression of Interest Form.
Only successful EOI submissions will be invited to submit full applications. EOI submitted past this deadline will only be considered should funding remain following the completion of this initial EOI assessment process.
1. Eligibility Requirements
1.1 Eligible Recipients
You can apply to this EOI if you are:
- A small and medium-sized enterprise (SME), not-for-profit association, or organization with a project that will provide economic benefits to one or more of the territories; or,
- A non-federal entity or other level of government, public or private, Indigenous or non-Indigenous, that works to promote economic development in the territories.
Priority will be given to recipients who can demonstrate proven capacity to deliver projects in the North and interest/engagement in territorial economic development.
1.2 Cost Sharing
Cost sharing is required as part of this EOI. The maximum CanNor contribution to eligible project costs will be as follows:
|Not-for-Profit organizations, other levels of government, and Indigenous organizations||For-Profit or Small Medium-Sized Enterprises (SME) Recipients|
|up to 80%||up to 50%|
Priority may be given to projects that provide a higher leveraging ratio (i.e., where proponents are seeking a lower contribution from CanNor towards total project costs).
For-Profit recipients will also be expected to provide a certain percentage of their own equity towards the project.
1.3 Maximum Amount Payable
For the purposes of this EOI, the maximum amount payable to any single eligible recipient has been set at $3M.
The maximum amount payable to for-profit entities through a non-repayable contribution will not exceed $99,999. Indigenous economic development corporations or other Indigenous-controlled for-profit businesses whose articles of incorporation do not permit dividends to be paid or distributed to shareholders are exempt from this $99,999 limit.
A limited number of repayable contribution agreements may also be considered by CanNor this year for for-profit entities seeking financing in excess of $99,999.
2. EOI Priority Areas
As part of this EOI, priority will be given to projects that address one or more of the following business and community economic development priories:
- Business Scale up, Commercialization, Technology Adaptation and Market Expansion – projects that help businesses to accelerate their growth and assist with the adoption of innovative technologies that support scale-up, productivity and global competitiveness.
- Regional Innovation Ecosystems – projects that help create, grow and develop strong and inclusive regional networks that support business growth and innovation, that foster the entrepreneurial environment, and that increase the competitiveness of small and medium-sized enterprises (SME), women entrepreneurs and under-represented groups.
- Indigenous Economic Development – projects that support and increase the participation of northern Indigenous communities and businesses in economic opportunities.
- Economic Diversification – projects that foster the sustainable growth of existing sectors such as resource extraction sectors and they supply chains, as well as the development and growth of new sectors (e.g. tourism, fisheries) in a manner which increases community capacity and maximizes jobs and wealth within the territories.
- Infrastructure Investments and Development – projects that leverage other investments to maximize local and regional opportunities by closing the small-scale economic infrastructure gap.
It should be noted that funding may not be available for all Expressions of Interest submitted. Proposals that demonstrate that they can best meet the stated priority areas will be given priority.
Eligible projects may be approved for funding for multiple years; however such funding is subject to yearly budget considerations and approvals. In addition, funding is subject to an annual review of the project's progress and its outcomes and benefits.
3. Completing the EOI Form
The EOI Form contains 5 main sections:
- Organization Information
- Project Information
Please ensure that you complete all five sections as per the instructions that have been embedded directly into the EOI form.
4. Project Selection Process
This EOI seeks to identify potential projects for funding under any of CanNor's funding programs. Following the initial assessment of the EOI, CanNor will determine the most appropriate funding program for each project based on its objectives and activities, the type of recipient, and the funding parameters.
All proponents who submit an EOI will be contacted and advised of the outcome. Proponents may be asked to provide additional information for further consideration.
Proponents selected for further consideration will be invited to submit a full application that will be subject to further assessment based on the chosen program/stream. It should be noted however that an invitation to proceed to the full application stage does not in any way guarantee that the project in question will ultimately be recommended for funding.
4.1 EOI selection criteria
EOI will be evaluated based on the following criteria:
- The degree to which the project outcomes align with the stated priority areas of this EOI.
- The degree to which the proposed project will enhance the ability of northern communities and/or businesses to take advantage of economic opportunities in key sectors.
- The degree to which the proposed project will provide benefits to multiple participants of the northern economy, including benefits sustainable beyond the project funding period.
- The degree to which the proponent has the capacity to successfully execute the project.
- The level of support, including funding support, from stakeholders other than CanNor.
- The reasonableness of the funding requested in relation to the project activities and the expected benefits that will be derived from the project.
- The potential for the project to cause detrimental market disruption to existing business enterprises in the northern economy.
- The potential for the project to overlap or duplicate existing programs, and the extent to which the project complements existing programs that provide incremental benefits.
- The extent to which the project addresses regional challenges and opportunities while maintaining consistency with federal government priorities.
5. For more information
For any questions surrounding this EOI process, please don't hesitate to contact us by email at email@example.com, or reach out to one of our regional offices by phone.
Nunavut Regional Office
1106 Allavvik Building, 2nd floor
P.O. Box 40
Iqaluit, Nunavut X0A 0H0
Northwest Territories Regional office
Nova Plaza, 3rd Floor
P.O. Box 1500
Yellowknife, NWT, X1A 2R3
Yukon Regional Office
Suite 400-300 Main Street
Whitehorse, Yukon Y1A 2B5
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