MEAP & SEAP
This program provides equity assistance for the start-up or the expansion of small businesses. The grant is for Métis, Inuit, Non-Status or Status individuals and is named The Métis Entrepreneurs’ Assistance Program (MEAP) & Status Entrepreneurs’ Assistance Program (SEAP). If you are Métis you will be filling out one application that contains information for both the Grant and the Loan.
If you received the grant in the past and a minimum of 2 years has passed – you can apply for the grant again.
If you are applying as a Status individual to the Status Entrepreneur Assistance Program, please direct your inquiry to Alberta Indian Investment Corporation (AIIC).
You can contact Mr. Brian Soucie for more information regarding SEAP and to submit your application.
Contact AIIC toll free 1-888-308-6789 or locally 780-470-3600
Basic eligibility requirements:
- You must be an Alberta
Residentand your business must be located in Alberta, (starting a business in another province? Contact the office toask for the phone number of the AFI 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
Totalproject must exceed $20,000
- The applicant must obtain financing through a commercial lender for the costs that are not covered by the grant and the cash equity (if you have already received financing
- View a more detailed list of eligibility requirements here.
How does the grant work?
MEAP & SEAP are 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.
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).
What is the break down?
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:||Grant equity:||Business Loan:|
Apply for the Grant
The application form is essentially your mini business plan. You should fill out the application form as completely leaving no blank spots if possible. If you are writing by hand please be sure to print legibly. Most importantly make sure you sign the final sheet of the application form.
Do you have a any questions? Would you rather speak with someone before you fill out the application form? No problem! Please call our office and someone will be happy to answer your questions and explain how this all works.
Once you are ready you can begin filling out the grant application form on your own. Of course if you would be more comfortable coming in and speaking with someone you can do that as well.
Submit Your Grant Application
When you are ready to submit your grant application form be sure to send it with a copy of your Métis card and any other supporting documentation that you feel would support your application. You should keep all original documents and only send us copies.
Remember! If you are applying as a Status individual to direct your queries and application to Alberta Indian Investment Corp. Call AIIC toll free 1-888-308-6789 or locally 780-470-3600
What Documents should you submit with your Grant Application:
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)
- 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;
Apeetogosan (Métis) Development Inc.
#302, 12308-111 Avenue
Edmonton, AB T5M 2N4
or Drop it off in person
#302, 12308-111 Avenue
Edmonton, AB T5M 2N4