Support for Entrepreneurs

SUPPORT FOR ENTREPRENEURS

We offer two options to support entrepreneurs wishing to start a business in the province:


A young woman looks at the camera.

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.

A young woman discusses a business plan with her colleague.

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


  • Useful Resources for Starting a Business

    For complete information on starting, planning, financing, managing, and expanding a business, visit this page on the Government of Canada website.



    Locally, the guide "STARTING A BUSINESS IN ST. JOHN'S" published by Advantage St. John's can help you to navigate through the steps of starting or growing a business.

      


    To help you find support and information about other programs and services available to help entrepreneurs through COVID-19, visit this federal website.



    Our partner, RDÉE Canada, offers an interactive tool structured like a ladder game to stimulate the thought process underlying the different stages of preparing and starting a business.  Check out the Passeport Entrepreneurial Canada (French only) to learn more. 


For more information:

CONTACT THE AGENT IN YOUR AREA

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.


For more information:

CONTACT THE AGENT IN YOUR AREA
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