NDC Investmentᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑯᐊᐳᕇᓴᓐᖓᑕ ᑮᓇᐅᔾᔭᒃᓴᓂᖓ

ᐱᕕᒡᔪᐊᕆᔭᕗᑦ ᑐᕌᒐᑦᑎᒍᑦ ᓄᓇᕗᒻᒥ ᐃᖅᑲᓇᐃᔮᒃᓴᑦ ᑮᓇᐅᔾᔭᒃᓴᓕᐊᖑᔪᓐᓇᖅᑐᓪᓗ. ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑯᐊᐳᕇᓴᓐᖓ ᑮᓇᐅᔾᔭᒃᓴᓂᖓ ᓇᖕᒥᓂᖃᖅᑎᓄᑦ ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑯᐊᐳᕇᓴᓐᖓ ᑮᓇᐅᔾᔭᒃᓴᑎᑦᑎᓇᓱᓲᖑᕗᑦ ᐱᔪᓐᓇᖅᑎᑕᐅᔪᓄ ᓄᓇᕗᒻᒥ ᓇᖕᒥᓂᖃᖅᑎᓄᑦ ᐃᖅᑲᓇᐃᔮᖃᖅᑎᑦᑎᔪᓐᓇᕐᓂᖏᓐᓄ ᑮᓇᐅᔾᔭᒃᓴᔪᓐᓇᕐᓂᖓᓄ ᓇᖕᒥᓂᖅᑖᖅᐸᓪᓕᐊᔪᓄ ᐅᕙᓘᓐᓃᑦ ᐊᖏᒡᓕᒋᐊᖅᐸᓪᓕᐊᖁᓪᓗᒋᑦ.

ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑯᐊᐳᕇᓴᓐᖓᑦ ᓯᕗᓪᓕᐅᑎᑦᑎᖃᑦᑕᖅᐳᖅ ᑮᓇᐅᔾᔭᒃᓴᐅᔪᓐᓇᖅᑐᓂᒃ ᓄᓇᕗ ᓄᓇᓕᕋᓛᕆᓂᖅᓴᖏᓐᓂᒃ. ᑖᒃᑯᓄᖓᑑᖏᑦᑑᒐᓗᐊᖅ, ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑯᐊᐳᕇᓴᓐᖓ ᐃᑲᔪᕐᓂᖅᓴᐅᓇᓱᓲᖑᕗᑦ ᑮᓇᐅᔾᔭᒃᓴᕋᓱᒃᑐᓂ ᓄᓇᕗᒥ ᓇᖕᒥᓂᖃᖅᑎᓄᑦ ᐊᐅᓚᑦᑎᔪᓂ ᐃᖃᓪᓕᐊᕐᓂᕐᒥ, ᐳᓚᕋᑦᑐᓕᕆᓂᕐᒥ ᐱᖅᑯᓯᓕᕆᔪᓂᒡᓗ. ᑲᑎᒪᔩᑦ ᖃᓄᖅᑑᓲᖑᕗᑦ ᑮᓇᐅᔭᓕᕆᑎᓪᓗᒋᑦ. ᑐᒃᓯᕋᖅᑏᑦ ᖃᐅᔨᖅᑳᕆᐊᖃᖅᐳᑦ ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᖏᑕ ᑯᐊᐳᕇᓴᓐᖓᓂᒃ ᐊᔪᖅᑎᑕᐅᖏᒃᑲᓗᐊᕐᒪᖔᑕ. ᐊᔪᖅᑎᑕᐅᔾᔮᖅᑯᔨᖏᒃᑲᓗᐊᕈᕕᑦ ᑮᓇᐅᔭᑦ ᑐᒃᓯᕋᖅᑕᑎᑦ ᑲᔪᓯᑎᑕᐅᙱᑐᐃᓐᓇᕆᐊᖃᖅᑐᑦ.

ᒪᓕᒋᐊᓕᓪᓗᐊᑕᐃᑦ ᐊᔪᖅᑎᑕᐅᖏᑦᑐᑦ:

ᓂᐅᕐᕈᑎᒐᒃᓴᐅᒐᔭᖅᑐᑦ – ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑯᐊᐳᕇᓴᓐᖓ ᓄᓇᕗᒻᒥ ᓇᖕᒥᓂᖃᖅᑎᓂᒃ ᑮᓇᐅᔭᓕᐅᕈᑎᖃᖅᐳᑦ ᓂᐅᕐᕈᑎᒐᒃᓴᖃᕈᓐᓇᑦᑎᐊᕐᓂᖏᓐᓄᑦ.
ᐃᖅᑲᓇᐃᔮᒃᓴᑦ ᑮᓇᐅᔾᔭᒍᑕᐅᔪᓐᓇᑐᐃᓐᓇᕆᐊᖃ- ᖅᑐᓪᓗ – ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑯᐊᐳᕇᓴᓐᖓ ᓄᓇᕗᒻᒥ ᓇᖕᒥᓂᕆᔭᐅᔪᓂᒃ ᑮᓇᐅᔭᓕᐅᕈᑎᖃᕐᓂᐊᖅᐳᑦ ᐃᖅᑲᓇᐃᔮᒃᓴᖃᑦᑎᐊᓲᖑᒍᑎᒃ ᑮᓇᐅᔭᓕᐅᕈᑕᐅᔪᓐᓇᑦᑎᐊᕈᑎᒡᓗ.
ᓄᓇᓕᕋᓛᖑᓂᖅᓴᓂᒃ ᓯᕗᓪᓕᐅᑎᑦᑎᓂᖅ – ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᖏᑕ ᑯᐊᐳᕇᓴᓐᖓ ᓄᓇᕘ ᓄᓇᓕᕋᓛᕆᓂᖅᓴᖏᓐᓂᒃ ᓇᖕᒥᓂᖃᖅᑎᐅᔪᓂᒃ ᓯᕗᓪᓕᐅᑎᑦᑎᓲᖑᕗᑦ ᑐᒃᓯᕋᐅᑎᖏᓐᓂᒃ ᑮᓇᐅᔾᔭᒃᓴᕈᒪᑎᓪᓗᒋᑦ.
$75,000-ᖑᕗᖅ ᐊᑭᑭᓐᓂᖅᐹᖅ ᑮᓇᐅᔭᓕᐅᕈᑕᐅᔪᓐᓇᖅᑐᑦ– ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑯᐊᐳᕇᓴᓐᖓᑕ ᑮᓇᐅᔾᔭᒃᓴᓂᖓᑕ ᐊᑭᑭᓐᓂᖅᐹᕆᔪᓐᓇᖅᑕᖓ ᓄᓇᕗᒻᒥ ᓇᖕᒥᓂᖃᖅᑎᓄᑦ $75,000-ᖑᕗᖅ; ᑮᓇᐅᔭᖅᑖᕆᔭᐅᔪᑦ ᐅᑎᖅᑎᑦᑐᓇᖅᐸᖏᑦ ᑮᓇᐅᔭᓕᐅᖅᑑᑉ.
ᐊᒥᐊᒃᑯᖃᕐᓗᓂ – ᑮᓇᐅᔾᔭᒃᓴᕋᓱᐊᕐᓂᖅ– ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑯᐊᐳᕇᓴᓐᖓ ᑮᓇᐅᔾᔭᒃᓴᔭᖏᑦ ᐊᒥᐊᒃᑯᖃᕋᓱᒃᖢᑎᒃ. (ᓲᕐᓗ ᑲᑐᔾᔨᖃᑎᒌᓄᑦ).
ᑮᓇᐅᔾᔭᒃᓴᖃᑎᖃᕐᓂᖅ – ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑯᐊᐳᕇᓴᓐᖓ ᑮᓇᐅᔾᔭᒃᓴᖃᑦᑕᖅᐳᑦ ᓇᖕᒥᓂᖃᖅᑎᐅᔪᓂᒃ ᑮᓇᐅᔾᔭᒃᓴᖃᑎᖃᕐᓂᐊᕈᑎᒃ ᓇᖕᒥᓂᖃᖅᑎᐅᖃᑕᐅᒍᑎᒃ.
ᓇᖕᒥᓂᖃᖅᑑᔪᓂ ᑲᒪᓂᖅᓴᐅᓂᖅ– ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑯᐊᐳᕇᓴᓐᖓ ᑮᓇᐅᔾᔭᒃᓴᕋᓱᖃᑦᑕᖅᐳᑦ ᓇᖕᒥᓂᖃᖅᑎᓂ ᐊᐅᓚᑦᑎᔪᓂ ᓄᓇᕗᒻᒥ ᐃᖃᓪᓕᐊᖅᑎᓂ, ᐳᓚᕋᑎᑦᑎᕙᒃᑐᓂᒃ ᐱᖅᑯᓯᓕᕆᔪᓂᒡᓗ.

ᑭᓲᕙ ᐊᒥᐊᒃᑯᓂ ᑮᓇᐅᔭᓕᕆᓂᖅ?

ᑕᑯᓇᒃᑕᐅᓚᐅᖅᑎᓪᓗᒋᑦ ᑮᓇᐅᔭᓕᕆᓂᕐᒧᑦ ᑐᒃᓯᕋᐅᑏᑦ ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑯᐊᐳᕇᓴᓐᖓ ᓄᓇᕗᒻᒥ ᓇᖕᒥᓂᖃᖅᑎᓄᑦ ᐊᒥᐊᒃᑯᓂᒃ ᑮᓇᐅᔭᓕᐅᓂᖃᑐᐃᓐᓇᕆᐊᖃᖅᑐᖅ. ᑕᐅᖅᓰᖃᑎᖃᕐᓗᑎᒃ, ᓇᖕᒥᓂᕆᔭᐅᔪᖅ (ᑮᓇᐅᔾᔭᒃᓴᖅᑎ) ᐊᖏᖃᑎᖃᖅᐳᖅ ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑯᐊᐳᕇᓴᓐᑯᓐᓄ ᓇᖕᒥᓂᖃᖃᑕᐅᔪᓐᓇᕐᓗᑎᒃ.

ᓇᖕᒥᓂᖃᖃᑕᐅᓂᕐᒧᑦ ᓇᓗᓇᐃᒃᑯᑕᐃᑦ (ᐊᓯᖓᓐᓂᒡᓘᓐᓃᑦ ᐊᖏᖃᑕᐅᔾᔪᑎᒥᒃ ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᓐᓂᙶᖅᑐᒥᒃ ᑮᓇᐅᔾᔭᒃᓴᔪᒥᒡᓗ) ᓴᖅᑭᑕᐅᓗᓂ, ᑮᓇᐅᔾᔭᕐᓴᓂᖓ ᑎᑎᕋᖅᓯᒪᓗᓂ ᖃᓄᑎᒋᓗ ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᓂᐅᕕᖅᓯᒪᖕᒪᖔᑕ ᓇᖕᒥᓂᖃᖅᑎᒥ. ᑮᓇᐅᔾᔭᒃᓴᕐᓂᐅᔪᖅ ᑎᑎᕋᖅᑕᐅᓯᒪᕗᖅ ᓇᖕᒥᓂᖃᖅᑎᐅᔪᓕᒫᓄᑦ ᐊᖏᕈᑎᒥᒃ ᐊᑎᓕᐅᖅᑕᐅᓯᒪᓪᓗᓂᓗ ᓇᖕᒥᓂᖃᖅᑎᓂᒃ. ᓇᖕᒥᓂᖃᖅᑎᐅᔪᓄᑦ ᐊᖏᕈᑎ ᐅᖃᐅᓯᓕᒃ ᑮᓇᐅᔭᓕᐅᖅᑎᐅᑉ ᖃᓄᐃᓕᐅᕆᐊᖃᖅᑕᖏᑦ ᐱᓕᕆᒋᐊᖃᖅᑕᖏᓪᓗ ᓇᖕᒥᓂᖃᖅᑎᐅᖃᑕᐅᔪᑦ ᑲᒻᐸᓂᖓᓄᑦ.

ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑮᓇᐅᔾᔭᒃᓴᓂᖓ ᐊᑑᑎᖃᑦᑎᐊᖅᐳᖅ ᑮᓇᐅᔾᔭᒃᓴᓂᖅᓴᓄᑦ ᓇᖕᒥᓂᓕᖕᓄ.

ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑮᓇᐅᔾᔭᕋᓱᒃᑐᓂ ᐱᓕᕆᖃᑎᖃᓲᖑᕗᑦ ᑮᓇᐅᔭᓕᕆᓂᐊᖅᑕᖏᓐᓂᒃ ᐊᐅᓚᑦᑎᑦᑎᐊᖁᔨᓂᑯᒧᑦ ᓇᖕᒥᓂᖃᖅᑎᒧᑦ. ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᐃᓚᒋᔭᐅᔪᖁᑎᖏᑦ ᐊᑐᖅᑕᐅᔪᓐᓇᖅᐳᑦ ᖃᖓᓕᒫᒃᑯᑦ ᐲᖅᓯᕕᐅᖏᓪᓗᓂ ᑮᓇᐅᔾᔭᒃᓴᖅᑐᖅ.

ᑮᓇᐅᔾᔭᒃᓴᐅᑏᑦ ᐱᔭᐅᑦᑕᐃᓕᒪᔾᔪᑎᖃᒐᔪᖏᒻᒪᑕ, ᒪᓕᒐᒃᑯᑦ ᐱᓕᕆᒋᐊᖃᕈᑕᐅᓪᓗᑎᒃ ᑮᓇᐅᔾᔭᒃᓴᕋᓱᒃᑐᒧᑦ ᓇᖕᒥᓂᖃᖅᑎᐅᔪᓄᑦ ᒪᓕᒡᓗᒍ ᐅᖃᐅᓯᐅᓯᒪᔪᖅ ᓇᖕᒥᓂᖃᖅᑎᐅᔪᓕᒫᓄᑦ ᐊᖏᕈᑎᒥᒃ.

ᓄᓇᕗᑦ ᐱᕙᓪᓕᐊᔪᓕᕆᔨᒃᑯᑦ ᑮᓇᐅᔭᓕᕆᓂᖓ ᐱᕕᒡᔪᐊᖑᕗᖅ ᑮᓇᐅᔭᓕᕆᔪᓄᑦ ᐊᑐᖅᑕᐅᔪᓐᓇᖅᑐᖅ ᐃᑲᔫᑎᐅᔪᓐᓇᕐᓂᖓᓄᑦ ᐊᓯᖏᓐᓂ ᑮᓇᐅᔾᔭᖕᓂᖅᐹᖑᕙᒃᑐᓂ ᓄᓇᕗ ᓇᖕᒥᓂᖃᖅᑎᖏᓐᓂ ᐊᖏᒡᓕᒋᐊᕈᒪᕙᒃᑎᓪᓗᒋᑦ ᐅᓄᖅᓯᓗᑎᒡᓗ, ᐱᖃᓯᐅᑎᓗᒋᑦ ᓇᖕᒥᓂᙳᕋᑖᖅᑐᑦ.

ᑐᒃᓯᕋᐅᑎ ᑮᓇᐅᔭᓕᕆᓂᕐᒧᑦ (ᖃᓪᓗᓈᑎᑐᑦ)(.doc)(.pdf )
ᑐᒃᓯᕋᐅᑎ ᑮᓇᐅᔭᓕᕆᓂᕐᒧᑦ (ᐃᓄᒃᑎᑐᑦ)(.doc)(.pdf)

Due Diligence Check List (English)(.doc)(.pdf)
Due Diligence Check List (Inuktitut)(.doc)(.pdf)

Employment and the creation of income earning opportunities for Nunavummiut is an important part of our objective. The Nunavut Development Corporation (NDC) places equity investments in eligible Nunavut business enterprises in order to support employment and income earning opportunities achieved through new business start-ups or the expansion of an existing business.

NDC prioritizes its investing activity on investments that will benefit Nunavut’s smaller communities. Although not exclusive, NDC emphasizes placing equity investments that support Nunavut business enterprises operating in our fishing, tourism, and cultural industry sectors. The Board of Directors is responsible for all decisions with respect to investments. Applicants need to meet NDC’s core qualifying criteria to be considered eligible. Meeting the core qualifying criteria does not guarantee an equity financing proposal will be approved.

Core Qualifying Criteria:

Commercial Viability – NDC will invest in Nunavut businesses that demonstrate a reasonable expectation of commercial viability.
Employment and Income Earning Potential – NDC will invest in Nunavut businesses that demonstrate strong employment and income earning potential.
Emphasis on Smaller Communities – NDC gives preference to investment proposals that benefit business enterprises located in Nunavut’s smaller communities.
Minimum Investment Amount of $75,000 – NDC’s minimum investment amount in any Nunavut business enterprise is $75,000; all investments are fully repayable by the investee.
Equity-Oriented Investments – NDC’s investments are of an equity-orientated nature (i.e. preferred shares).
Co-Investor Participation – NDC only makes investments in business enterprises that involve the co-investment of lenders and shareholders.
Sector Investment Focus – NDC emphasizes investments in business enterprises operating in Nunavut’s fishing, tourism and cultural industry sectors.

What is Equity Financing?

After a review of a financing proposal NDC may choose to place an equity investment in a Nunavut business enterprise. In exchange, the business (the investee) agrees to provide NDC with a form of ownership in the business. Usually a share certificate (or some other equity instrument as agreed to between NDC and the investee) is issued, setting out the amount of the investment and the type of equity interest NDC has purchased in the business. The equity investment is supported by a Unanimous Shareholders Agreement and signed by all shareholders in the business. The Unanimous Shareholders Agreement sets out the obligations and responsibilities of the investee to the shareholders of the company.

An NDC equity investment can be a powerful tool supporting the working capital position of a business enterprise.

NDC works with the investee to structure dividend payments to align best with the optimal cash flow cycle of the business. NDC’s shares can be redeemed at any time by the investee without penalty.

Equity investments are typically unsecured, supported by the legal obligations of the investee to the shareholders as established in the Unanimous Shareholder’s Agreement.

NDC equity financing can be an important financing tool that helps lever other forms of investment capital for Nunavut business enterprises looking to grow or expand, including new business start-ups.

Application for Equity Financing (English)(.doc)(.pdf )
Application for Equity Financing (Inuktitut)(.doc)(.pdf)

Due Diligence Check List (English)(.doc)(.pdf)
Due Diligence Check List (Inuktitut)(.doc)(.pdf)