EntrepreNorth's Sinew Impact Fund completed an $8 million first close in November 2026. The fund supports Indigenous entrepreneurs across the Northwest Territories, Nunavut, and Yukon. It is working toward a $10 million target.
Funding so far
Nine funders participated. They include Mastercard Foundation, McConnell Foundation, Dragonfly Ventures, and Definity Foundation. Sinew is now raising the remaining $2 million from Indigenous wealthholders.
First investment
Sinew also announced its first investment. The loan supports Aurora Heat, a 100% Indigenous woman-owned business in Fort Smith, Northwest Territories. Founder Brenda Dragon and her son Joel Dragon Smith are alumni of EntrepreNorth's Growth Program.
Aurora Heat's plans
Aurora Heat designs natural, reusable body-heat warmers from wild beaver fur. The new capital will help it expand operations and reach new customers. Its growth plans include new products and more local employment.
Sinew remains open to expressions of interest from Indigenous entrepreneurs with lived experience or cultural ties to the North. Eligible businesses must be majority Indigenous-owned, Indigenous-led, and generating revenue. Investments range from $50,000 to $1 million.