Innovative Communities Fund

Through the ICF, the Atlantic Canada Opportunities Agency (ACOA) works with communities to find opportunities for growth. We invest in initiatives that lead to long-term employment and a stronger local economy.

The fund enables communities to:

• develop thriving industry sectors
• strengthen infrastructure in rural areas
• invest in projects to help communities overcome economic issues and take advantage of new opportunities

ACOA also fosters economic development in communities facing specific circumstances. Through the ICF, the Agency supports community projects undertaken by Indigenous groups and non-profit organizations in official language minority communities (OLMCs). 

Project requirements

To be considered for ICF funding, your project proposals must:

• clearly explain links and partnerships within the community
• address challenges and opportunities in your area
• have the potential to lead to economic growth
• be over and above your regular activities
• have a clear end date
• show that you have the skills and resources needed to manage related activities

Financial assistance

Investments under the ICF do not have to be repaid. The amount we provide is based on the level of funding each project needs to proceed. 

Who can apply

Eligible recipients include:

• non-commercial and non-profit organizations
• Indigenous bands and Indigenous-controlled non-profit entities
• co-operatives and local development associations
• municipalities and their agencies
• educational institutions
• industry or sector associations

How to apply

Contact your nearest ACOA office to discuss your project and then complete and submit the Application for financial assistance.