Nunavut Development Corporation

Access to patient capital can be a major barrier for businesses operating in Nunavut, especially in smaller communities where traditional financing is limited. The Nunavut Development Corporation (NDC), backed by the Government of Nunavut, plays a unique role by investing directly into local businesses through equity rather than standard grants or loans. This approach is designed to support long-term economic development while helping businesses create sustainable income and employment opportunities across the territory.

NDC focuses its investments on sectors that reflect Nunavut’s economic strengths, with particular attention to fisheries, tourism, and cultural industries. These are areas where many Nunavummiut earn their livelihoods and where local ownership and participation are especially important. Investments can take different forms, ranging from wholly owned subsidiaries to minority equity positions alongside other partners, allowing flexibility based on the needs and scale of each project. Funding levels vary by opportunity, and returns are typically tied to business performance rather than fixed repayment schedules.

For Nunavut-based businesses seeking growth capital and a partner that understands the realities of operating in the North, the Nunavut Development Corporation can be a valuable option. Reviewing the full investment criteria and process can help determine whether this type of funding aligns with your business plans and community impact goals.