About Makerspace YK
Our mandate is to drive sustainable economic diversification and community self-reliance through sharing, collaboration, and empowering the already innovative and resilient residents of Yellowknife and the Northwest Territories with the tools (in the broadest sense of the word) they need to grow their economy and community.
As stated in the Government of the Northwest Territories (GNWT) Economic Opportunities Strategy (EOS), NWT entrepreneurs are the driving force behind local economies — leveraging their resilience into successful ventures and providing the energy and innovation to fuel a competitive and prosperous small business environment. With declining population numbers and increased competition from southern markets, the challenges faced by the NWT’s small business sector are growing and consideration must be given to restoring the North’s once-vibrant spirit of entrepreneurship in the interest of much needed diversity and growth. This also aligns with the territorial government’s recently release Manufacturing Strategy — a follow-up to the EOS — which has already established a number of makerspaces in smaller NWT communities.
By reducing the risks of starting a business in Yellowknife, creating a vibrant network of Yellowknife entrepreneurs, and providing quality, affordable space, we will promote Yellowknife’s economic diversification and maturation, increase the demand for commercial/industrial space through the growth of local businesses, and increase foot traffic downtown to these businesses, thereby:
• Creating an economy that is better able to weather the boom and bust cycle of the resource economy;
• Encouraging higher use and density of Yellowknife’s properties;
• Promoting a safer, revitalized community; and
• Increasing employment options for residents, including Northerners who have moved away to seek other opportunities.