Aboriginal Business Investment Fund (ABIF)
The Aboriginal Business Investment Fund (ABIF) was established to provide funding to capitalize community-owned business development opportunities. The program offers direct investment into eligible Indigenous community-owned businesses. ABIF is intended for capital projects that are close to starting operations or breaking ground for building projects within the funding year. The projects must demonstrate long-term impacts as follows:
- increase the number of Indigenous community-owned businesses;
- increase the number of employment opportunities for Indigenous people;
- create local revenue streams for Indigenous communities; and
- strengthen the economies of Indigenous communities.
An Indigenous community can only submit one application and business plan for consideration in any given funding year. Funding allocation is based on project evaluation against the scoring criteria and awarded on a competitive ranking.
For complete details and submission requirements, please see the ABIF Application Guidelines
- Indigenous communities or corporate entities owned by Indigenous communities.
- Corporate entities must be in good standing.
- Applicants must be in compliance with the terms and conditions of any previous Indigenous Relations funding.
- Applicant organizations must be located in the Province of Alberta.
- Applications for 2016/17 funding are currently closed. Please watch this page for the 2017/18 call for submissions.
ABIF will provide a minimum of $150,000 and a maximum of $750,000 to support a community-owned economic development project. See ABIF Application Guidelines for details.
ABIF can cover up to 100% of eligible project costs, up to our limit, and can be stacked with other government funding sources.
All submitted applications will be assessed based on mandatories and an evaluation process. The evaluation will take place in two phases. A preliminary assessment will screen projects for application package completeness and financial viability. Projects that demonstrate financial viability will proceed for a full assessment, which involves scoring applications on the following criteria:
- Demonstrated community support for the project (a Council Resolution must be included) and other supporting documentation
- The potential for generating net economic benefit (jobs and community revenue)
- Demonstrated management capacity and business expertise in relation to the project
- Demonstrated balance of own-source equity, commercial financing and grant funding
- Long-term viability of the proposed business opportunity
- Potential for project to generate spin-off business opportunities
How to apply
Downloading Instructions: The ABIF Application form is fillable and works best with Microsoft Internet Explorer or Mozilla Firefox. For Google Chrome, please follow these instructions.
A submission package includes:
- ABIF application and a detailed business plan (see ABIF Application Guidelines );
- Application checklist;
- Council Resolution, Band Council Resolution, or board letter of support for the project;
- Accompanying documents as per project need.
- Current Aboriginal Business Investment Fund Application Form.
NOTE: Must have Adobe version 11 to fill out and save the application properly.
Please refer to the submission checklist in the application and guidelines to ensure that the application is complete.
- Check out the ABIF Frequently Asked Questions page.
- Check out our Resource Page.
- Still have questions about the ABIF program? Send your questions to IR.email@example.com or by telephone at 1-780-427-8407. To call toll-free from anywhere in Alberta, dial 310-0000, Monday to Friday from 8:15 a.m. to 4:30 p.m.