The event will be taking place at the Yukon Arts Centre and $2.6 million dollars will be given away in prize money to support Northern initiatives.
The Arctic Inspiration Prize 7th annual Awards Ceremony is quickly approaching tomorrow at 6:30pm at the Yukon Arts Centre.
2.6 million dollars will be awarded to projects aiming to better the lives of Northerners in all three territories, and three categories will make up the award ceremony.
Arctic Inspiration Prize Executive Director Marti Ford says there has been quite the process leading up to the awards ceremony tomorrow.
"The deadline this year was October 15th for proposals to be in. After that, we go into the selection process and we have a selection committee in Yukon, Northwest Territories and Nunavut. Each of those selection committee chooses finalists in each of their regions and then we have a national selection committee that took place December 17th. They make the decision as to who the final winners will be."
The National Selection Committee to make the final choices are also based from three three territorial regions, including youth, industry and and business stakeholders.
Ford says the prizes given out all help local northern initiatives.
"It's available to anyone in the Arctic to apply for a prize. We look for partnership so that organizations come together to find something that will improve the lives of people who live in the North. Last year for example, our million dollar winner was in Yellowknife to end homelessness and support people (there) who were living on the streets."
Local artists such a Northwest Territory artist Leela Gilday, Yukon artist Diyet and artist Elisapie from Northern Quebec will also be collaborating together and performing at the event tomorrow.
Anyone still interested in tickets to see the ceremony can go to the Arctic Indigenous Investment Conference website to purchase tickets.

BC man convicted of manslaughter
Hamilton Boulevard trail cleared as winter pilot project wraps up
Yukon RCMP roll out new navy-blue uniform shirts
Yukon releases final flood maps for Dawson, Klondike Valley, Upper Liard
Inquest into the death of Manui Roux to be held in Whitehorse
Yukon municipalities to receive record $30 million in funding
Yukon expands winter electricity relief for residents
Ross River Dena Council says 'no' to proposed mining on its traditional territory
LSCFN stands firm: 'No mining in the Breadbasket'
Yukon Government accepts responsibility for abuse at Jack Hulland Elementary
Whistle Bend road connector project gets $8.7M boost from federal government
Yukon Government signs deal with Alliance Health for primary care clinic
Man Missing in Whitehorse: Reuben van Klaveren Sought by RCMP
Yukon Government passes health authority act amendment amidst first nations concerns
Selkirk First Nation announces election results
Carcross/Tagish First Nation cuts community safety services amid funding shortfall
Yukon First Nations Outraged Over Clean Energy Act Repeal
The Yukon Employees’ Union is weighing in on the Health Authority Act’s uncertain future
The Village of Haines Junction has announced the launch of a new grant program
Yukon's air ambulance program gets upgrade