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Win Your Space YK

Who can apply?

  • You are 18 years or older
  • You are a legal resident of Yellowknife, Dettah or N'Dilo
  • You are willing to commit to signing a one year lease for one of the participating spaces
  • The proposed business may be a sole proprietorship,  partnership, or corporation
  • If you are a current business owner, your application is If you are a current Yellowknife business owner, the application must be 1) unrelated to your existing business, or 2) introduce a new element not promoted at your existing business, or 3) expand upon an element that would be removed from your existing business
  • No franchises or take overs of existing businesses will be considered.

 Make sure to review the Rules and Regulations here.

I don't have a business plan, just an idea. Can I apply?

Yes, absolutely. All you need is an idea at this point. Make a short video explaining your idea and submit your application! If you are chosen as one of the semi-finalists, you will receive free business development workshops that will help you write your business plan.

If I already own a business, can I still enter Win this Space YK?

Absolutely! If you have solid multi-tasking skills then submit your idea.

If you are a current Yellowknife business owner, the application must be 1) unrelated to your existing business, or 2) introduce a new element not promoted at your existing business, or 3) expand upon an element that would be removed from your existing business.

Can I submit more than one idea?

Yes! If you have a few ideas that you feel are viable businesses, then you can submit them. Please note that you can only be selected with one of your ideas to proceed as one of the top 10 semi-finalists.

What are the Business Development Workshops?

Check the Rules & Timeline Page for more details on the workshops offered.

I won! What now?

The Grand Prize Winner must

  • Commit to signing a minimum 1-year lease from one of the participating listings, starting no later than November 1, 2018 unless otherwise agreed with the landlord.
  • Obtain a business license from the City of Yellowknife
  • Be open during normal/customary business hours for the term of the one year lease.

As the Grand Prize Winner, you are encouraged to reach out to our partners to learn more about their services, after-care and mentorship programs to support you as you grow your business.

I didn't win. What now?

Win Your Space YK Organizing Committee strives to provide support to any viable business entering the competition, whether or not that business is the Grand Prize Winner. Applicants are encouraged to contact our partners to inquire about support available to them, including business development programs, financial assistance, business centres, online tools and mentorships programs.

How does Win Your Space YK support the business community in Yellowknife?

To see what past finalists have said about how Win Your Space YK has helped their business, visit here.

Based on analysis and business consultations, the Yellowknife Business Incentives Strategy and Business Incubation Strategy Framework (2015), revealed the need for business incubation support for Yellowknife's economy and confirmed the downtown area has a much higher commercial vacancy rate (7.8%) compared to the rest of Yellowknife (2.3%).  By listing vacancies in this area, Win Your Space YK addresses Council's Goals of Downtown Revitalization and Strengthening and Diversifying the Economy.

The City of Yellowknife is committed to supporting both new and existing entrepreneurs in their business endeavors. Win Your Space YK is one of the various initiatives in place to support Yellowknife's business community, including our Economic Development Strategy, Development Incentives as well as tools and resources provided in support of exploring Business Improvement Districts.  Make sure to refer to our partners' websites as well for more information on resources and supports available to businesses.

Why are all available properties located in the downtown area?

While developing the Yellowknife Business Incentives Strategy and Business Incubation Strategy Framework (2015), we have learned that Yellowknife's downtown area has a much higher commercial vacancy rate (7.8%) compared to the rest of Yellowknife (2.3%).  By listing vacancies in this area, Win Your Space YK addresses Council's Goals of Downtown Revitalization and Strengthening and Diversifying the Economy.

I didn't see a space that fits my business needs. Should I apply?

Yes - Don't let that stop you. Contact landlords and keep looking for a spot that fits the bill for you. If the landlord of your perfect spot agrees, it is possible for the space to be added to this list of participating spaces as long as it is before the Gradn Finale. Send us a message at winyourspace@yellowknife.ca for more details!

I have vacant space for lease - How can I become a Part of Win Your Space YK ?

Throughout the competition, the Win Your Space Organizing Committee actively seeks available commercial properties in downtown Yellowknife that can be featured in Win Your Space YK.

Once the Grand prize Winner is announced in August 2019, the winner will select one of the participating spaces. To help the new business hit the ground running, the Grand Prize Winner will receive up to $3,000 per month in prize money towards a one year lease in one of the participating storefronts (up to $36,000 total value).

Properties are active listings. As such, if a property is leased during the competition, it will be removed from the inventory of participating properties - no holds required. We will promote participating properties as part of the competition. Even after the competition concludes, the active listings page will kept up to date year round for maximum visibility.

Contact winyourspace@yellowknife.ca for more information and to submit your space to participate in WIN YOUR SPACE YK!

 

Do you have sponsorship opportunities available?

Yes, absolutely! We are always looking for more benefits to provide to the Win Your Space YK finalists, even if the competition has started. Download the Sponsorship package or contact winyourspace@yellowknife.ca for more information on how to support WIn Your Space YK.

 

 

Other questions about Win Your Space YK? Contact Stephanie at winyourspace@yellowknife.ca