It wouldn’t be entirely wrong to state that the most desirable aspect of the province of Nunavut is its abundant natural resources and reliable entrepreneurial ecosystem. This region offers a unique backdrop for startups and small enterprises seeking to capitalize on the prospects presented by its multifaceted industries. Nunavut is renowned worldwide for traditional prints and carvings. Plus, industries such as tourism, mining and mineral exploration, art & crafts, hunting and trapping and fishing offer a plethora of small business opportunities.
Since the economy of Nunavut is predominantly reliant on sectors such as mining, fisheries, tourism, and arts and crafts. These industries have always presented a range of potential business prospects, and innovation is the need of the hour in all these industries. This is why the regional government’s active participation in the territory’s economy has been nothing but encouraging and favourable for both new and seasoned entrepreneurs.
The remote geographical positioning and ample natural beauty of Nunavut can potentially make this region the tourism and culture hub. What’s more, this region presents distinct prospects for enterprises capable of meeting the region’s demands and capitalizing on its resources.
