Atuqtuarvik Corporation Financing

Access to large-scale capital can be a major barrier for Nunavut-based businesses looking to start up, expand, or acquire new operations. The Atuqtuarvik Corporation Financing program is designed to address that gap by providing substantial, repayable financing to commercially viable projects that contribute to long-term economic development in the territory. As a 100% Inuit-owned investment company created by Nunavut Tunngavik Incorporated and Nunavut Trust, Atuqtuarvik plays a unique role in ensuring Inuit participation in major economic opportunities across Nunavut.

Through this program, eligible Inuit-owned businesses can access financing ranging from roughly $150,000 to as much as $3 million, delivered through loans and, in some cases, equity investments. The focus is on projects with strong business fundamentals that are positioned to succeed while also creating meaningful benefits for Inuit communities. This includes generating employment, supporting skills development and training, and contributing to broader social improvements. The program is well suited to both growing small and medium-sized businesses and larger enterprises pursuing significant investments within Nunavut.

Applications are assessed on commercial viability and overall impact, with a due diligence process led by Atuqtuarvik’s investment team and board. For Inuit business owners considering a major next step, learning more about how this financing works can help determine whether it aligns with their growth plans.