Title:
Scaling a Sustainable, Indigenous & Nature-based Social Enterprise
Agreement Number:
2122-CN-000046
Agreement Value:
$91,150.00
Agreement Date:
Aug 13, 2021 - Mar 31, 2023
Description:
Aurora Heat will proceed with the manufacturing and installation of a specially designed fur press. This press will allow the company to significantly increase its production and meet the market demand. In addition, the production cost savings generated by the press will lead to a better redistribution of resources and improve the company's efficiency. This phase of the project will allow the commercialization of a new product called NEZU. This new product, which will be supported by a study conducted by the University of Calgary, will specifically address people suffering from anxiety and stress by reducing the effects of these syndromes through a sensory experience. This commercialization will be based on a marketing strategy implemented by a consultant specially hired for this project.
Organization:
Canadian Northern Economic Development Agency
Expected Results:
Aurora Heat will be able to increase its sales while reducing its production costs, therefore increasing its profit margins. The profitability of the company would be improved and the earnings would allow Aurora Heat to become self-sufficient. Over the course of the project, four part-time positions would be created, and six positions would be expanded and ten maintained.
Location:
FORT SMITH, Northwest Territories, CA X0E 0P0
Reference Number:
0780-2021-2022-Qrt2-0000034
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Type:
For-profit organization
Recipient's Operating Name:
AURORA HEAT INC.
Recipient's Legal Name:
AURORA HEAT INC.
Federal Riding Name:
Northwest Territories
Federal Riding Number:
61001
Program:
Inclusive Diversification and Economic Advancement in the North (IDEANorth)
Program Purpose:
Inclusive Diversification and Economic Advancement in the North (IDEANorth) makes foundational investments in economic infrastructure, sector development and capacity building to help position Northerners in the territories to take advantage of Canada's innovation economy. The IDEANorth program focuses on four priority areas: economic growth and sector development; business scale-up, productivity and innovation; small-scale economic infrastructure development; and foundational economic infrastructure.