eSupply Canada Secures Non-Dilutive $1.1 Million Investment from FedDev Ontario to Develop Revenue Generation Platform for Indigenous Communities

SAUGEEN FIRST NATION ON, Sept. 8, 2023 /CNW/ - eSupply Canada, a national Indigenous-owned distributor specializing in business and industrial supplies, is pleased to announce a significant milestone in its mission to enhance Indigenous economic development. The company has received a non-dilutive $1.1 million investment from the Federal Economic Development Agency for Southwestern Ontario (FedDev Ontario). This strategic investment will help drive job creation and the development of an innovative revenue generation platform for Indigenous communities to address economic leakage and participate in local supply chains and national procurement.

Established in 2020, eSupply Canada was founded with the vision of providing Indigenous communities, industries, governments, and Canadians with an Indigenous alternative to big-box retailers.

With the support of FedDev Ontario, eSupply Canada will launch a tech-enabled revenue generation platform tailored for Indigenous communities, offering access to an extensive catalogue of over 1.2 million products spanning office supplies, janitorial supplies, technology, and industrial supplies?all the supplies communities, businesses and governments need to operate.

This platform will offer communities their own branded portal that can be used to recoup revenue from internal purchases while simultaneously driving sales revenue through direct and online sales and national procurement efforts, thereby addressing both economic leakage and reconciliation.

Notably, the platform's dropship model eliminates the need for communities to hold inventory or warehouse products, as everything is fulfilled through eSupply Canada and its supply chain.

Steven Vanloffeld, CEO of eSupply Canada, expressed his enthusiasm for the project, stating, "This investment arrives at a pivotal moment when industry, governments, and Canadians are actively seeking ways to participate in reconciliation. Through our platform, we create a digital bridge for Indigenous communities and Canadians to join forces and drive economic reconciliation forward."

Through the FedDev Ontario investment, eSupply Canada will offer the base subscription of the platform free of charge to all Indigenous communities across Canada. Additionally, the investment will support the creation of eight new jobs to manage the company's growth and ensure Indigenous communities receive the necessary support to successfully operate their portals.

eSupply Canada wishes to acknowledge the support of the Government of Canada and the Federal Economic Development Agency for Southwestern Ontario.

The platform is slated to launch in the Fall of 2023.

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About Us

eSupply Canada is a national Indigenous-owned distributor of business and industrial supplies. We streamline the purchase of goods across multiple product categories through a convenient one-stop-shop e-commerce portal, providing industries, governments and Canadians with an Indigenous alternative to big-box retailers.

SOURCE eSupply Canada