The Canadian Aboriginal Venture Group (CAVG) provides a single point of departure that will allow Aboriginal organizations and entrepreneurs to pursue innovative ideas through our entrepreneurial experience. CAVG has been created to encourage Aboriginals to capitalize on ideas that can benefit individuals, groups and communities.
Aboriginal organizations and entrepreneurs have always had difficulty to access capital, but now CAVG can provide specific direction and support to individuals and aboriginal communities with the equity to invest in good businesses that will create jobs and generate profits.
Funding for projects can be derived from the federal government departments of Indian and Northern Affairs, and Industry Canada as well as traditional and private venture capital groups that understand the importance of Aboriginal enterprise. Emerging entrepreneurs, as well as those already established businesses may be eligible to receive funding in the form of capital stock, debentures, equity loans and venture loans.
Aboriginal entrepreneurs and businesses from all sectors of activity will be considered for funding, and will most likely receive funding on the condition that the potential business owner demonstrates adequate management skills, experience and a solid business plan. CAVG can support such activity with the objective of demonstrating there is a market and that there is future potential for the business to grow and be profitable. Our intention is to secure investment in businesses that will last and in the process that will create jobs.