Inclusive Diversification and Economic Advancement in the North — For-Profit

For businesses and organizations operating in Canada’s North, scaling operations or investing in economic infrastructure can be challenging without access to patient, meaningful capital. Inclusive Diversification and Economic Advancement in the North (IDEANorth) is designed to support ambitious projects that strengthen territorial economies, improve productivity, and create long-term opportunities for Northern communities. Delivered by the Canadian Northern Economic Development Agency, this program focuses on helping the territories better participate in Canada’s broader innovation economy.

IDEANorth supports a wide range of growth-oriented activities, from business expansion and sector development to innovation, capacity building, and smaller-scale infrastructure projects that enable economic activity. Funding can reach into the millions, often covering a significant portion of eligible project costs, making it particularly relevant for established businesses, social enterprises, and organizations with the ability to deliver impactful projects in the North. The program places a strong emphasis on inclusive economic development, encouraging projects that support underrepresented groups and help diversify territorial economies beyond traditional sectors.

Applications are currently being accepted on an ongoing basis, with projects assessed based on their economic impact, feasibility, and alignment with territorial priorities. For Northern businesses and organizations considering a major growth or development initiative, taking a closer look at IDEANorth through GrantHub can help determine whether this substantial funding opportunity fits your plans.