• You must be an Alberta Resident and your business must be located in Alberta, (starting a business in another province? Contact the office to ask for the phone number of the IFI for your province).

• You must have a minimum of 6 months to one year of experience in the industry you are starting your business

• Projects must be a start-up or expansion of a business

• The business must generate an income for the applicant of at least $20,000 annually

• Total project must exceed $20,000

• The applicant must obtain financing through Apeetogosan for the costs that are not covered by the grant and the cash equity

• The grant cannot contribute to passive investments, property, houses or buildings, cannabis or tobacco related businesses and the sale of alcohol or gambling products

• The applicant must show that the business is viable and sustainable

MEAP is a non-repayable grant that is available to help mitigate how much you are borrowing from a financial institution. It can provide up to 30% of your project total to a maximum of $99,999. To apply for the grant you must meet all eligibility requirements.

BE AWARE

Certain costs are not eligible to be covered by the grant. These costs include; purchase of land and/or buildings, anything involving tobacco, cannabis distribution, gambling products or alcohol, development of any product, paying for a patent or assisting with testing of inventions/products, and development of land (creation of roads and infrastructure).

As mentioned above the grant can cover up to 30% of your costs, to a maximum of $99,999. You are required to have a minimum of 10% of your project totals costs. The remaining 60%, after your contribution and the grant, would be funds from a business loan.

So for example if your project total was $100,000 here is what the break down would look like:

Your cash equity: $10,000

Grant equity: $30,000

Business Loan: $60,000

It is important to submit the following with your application in order for it to be submitted for review.

• Proof of Cash Equity (bank statement)

• Resume

• Provide evidence that you have a business opportunity

• If you are an Incorporated Business we need a copy of your Incorporated Documents

• If you are an expanding business you should include your financial statements for the past three years

• If there is more than one owner, each owner must submit a filled out application

You can submit your grant application in any manner that suits you:

Mail

Apeetogosan (Métis) Development Inc.
#302, 12308-111 Avenue
Edmonton, AB T5M 2N4

Email

office@amdi.co

Fax

780-454-5997

or Drop it off in person

#302, 12308-111 Avenue
Edmonton, AB T5M 2N4