Deadline: 31-Oct-2025
Applications are now open for UArctic Entrepreneurship Fund to support the development of new services or products in the incubator stage that have a direct benefit locally and/or circumpolar impact.
Goals
- Accelerate high-potential incubator-stage products and services aiming to benefit the Arctic environment and/or Arctic communities. Benefit in this context can be described as being greatly diverse; from having a positive impact on the environment, e.g. pollution reduction, or a product that can increase internet connectivity in the Arctic etc.
- Increase engagement from aspiring entrepreneurs and innovators toward Arctic issues.
- Support and encourage ideas of aspiring Indigenous entrepreneurs.
- Support and foster a bridge between UArctic’s wealth of academic knowledge and recipients of the UArctic Entrepreneurship Fund.
- Reward creativity and risk-taking by supporting a broad selection criteria that is not solely return-on-investment focused.
Funding Information
- Expected grant disbursement amounts are in the range of $2,000 to $5,000 USD, though exceptions may be made on a case-by-case basis.
Eligibility Criteria
- The UArctic Entrepreneurship Fund is open to any individual with an incubator-stage product or service that aims to benefit the Arctic environment or Arctic communities and has a positive, demonstrable impact on the Arctic. They especially encourage applications from Arctic Indigenous and/or northern-based entrepreneurs.
Application Criteria
- All applications are expected to meet the following criteria to qualify for scoring:
- Background overview of the submitter (with a résumé)
- A true new product or service
- A value proposition that clearly addresses how the product or service will directly impact the Arctic environment or Arctic communities
- A business overview/pitchbook, outlining (as applicable):
- company description
- understanding of the problem and market potential
- product or service description
- marketing strategy
- high-level financial projections/use of the funds
- appendix (for any documents or data to support the other sections)
- A grant request amount (or amounts, if varying budgets would impact the ability to execute on the business plan in a meaningful way) and an accompanying 6-12 month budget explaining how and where the grant amount would be spent.
For more information, visit UArctic.