To truly solve the challenges facing the Arctic, and thus the world, UArctic is committed to supporting the development of northern entrepreneurs and providing resources to help advance local ideas. The UArctic Entrepreneurship Fund is a new initiative that complements existing, mature prize funds with a seed-fund program, encouraging innovation and solutions on a local level.
The primary goals of the fund are to accelerate high-potential incubator-stage products and services aiming to benefit the Arctic environment and/or Arctic communities; increase engagement from aspiring entrepreneurs and innovators toward Arctic issues; and support and encourage ideas of aspiring Indigenous and northern-based entrepreneurs.
“This fund is an exciting initiative for UArctic, for young entrepreneurs, and for northern communities. It underscores the vision and mission of UArctic and supports early design and development of new products and services that can have meaningful impact for communities,” says Sheila Downer, UArctic Vice-President Northern Community Engagement.
The pilot call for the UArctic Entrepreneurship Fund runs from May 25 to October 27, 2023, with subsequent calls launched annually. Expected grant amounts are in the range of $2,000 to $5,000 USD, though exceptions may be made on a case-by-case basis. The awardees will also benefit from mentorship and guidance as they work on their ideas.
We also welcome feedback from our members and partners as well as applicants during this pilot phase of the Fund. Please get in touch with us at firstname.lastname@example.org with your input and any questions you might have.
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