SUPPORT FOR ENTREPRENEURS
We offer two options to support entrepreneurs wishing to start a business in the province:
Business Start-up Assistance
This service is for Francophones with a business endeavour, as well as entrepreneurs wishing to expand their market. Our economic development officers can guide you, help answer questions that you may have, and provide information on a variety of topics such as:
- Key industries in Newfoundland and Labrador
- Existing businesses in the province
- Available resources for business start-up
- Funding programs for businesses
- The relevance of a feasibility study and market research
- Necessary permits, licenses, and when and how to incorporate your business
Assistance with Writing an Effective Business Plan
We will help you research and compile the information that you need to complete your business plan. We will also advise you on the best way to organize the written content to increase your chances of presenting it successfully.
Help in Researching Financing
We will guide you to the most appropriate financing programs for your business project, including a start-up loan of up to $60,000* in partnership with Futurpreneur Canada. We can also assist you in preparing and writing your financing applications.
*conditions apply
Cooperative Development Assistance
An alternative business model is available to entrepreneurs in the form of a co-operative.
What is a Cooperative?
A cooperative is a legally incorporated business created by groups of individuals, private businesses and/or community development organizations to meet a collective need. These members own and manage the cooperative and are the primary beneficiaries of its services.
We invite you to visit the Newfoundland and Labrador Federation of Co-operatives (NLFC) to learn more about this business model.
Our services are offered in partnership with the Department of Tourism, Culture, Arts and Recreation (TCAR) and the Newfoundland and Labrador Federation of Co-operatives (NLFC).
