Social Enterprises – Investment Readiness Program
Receive up to $75,000 in Loan Funding Support.
The Social Enterprises – Investment Readiness Program is designed to assist social purpose organizations in their efforts to sell goods or services for revenue while achieving positive social, cultural, or environmental results.
Quick View
Funding Amount
Successful applicants may receive up to $30,000 – $75,000 in funding support via the Stabilize and Build stream and up to $25,000 in funding support via the Explore stream.
Eligible Applicants
Applicants must be located in Canada, an organization or program that is mission-driven, and a social purpose organization with a mechanism that generates revenue from the sale of goods and/or services.
Amount of Funding
Successful applicants may be eligible for the following funding allotments:
- Stabilize and Build stream ($30,000 – $75,000): A social purpose organization that is ready to take on investment and has developed a well-developed enterprising model should enroll.
- Exploration stream (up to $25,000): Early stage exploration, development and testing of their social enterprise idea. A social enterprise plan includes many aspects, such as revenue generation, that need to be researched, developed, and tested.
Please note: Funds are not eligible for use towards core operating costs.
Eligible Applicants
Applicants must be:
- Located in Canada;
- An organization or program that is mission-driven; and
- Is a social purpose organization with a mechanism that generates revenue from the sale of goods and/or services.
Eligible Activities
With the help of this program, organizations can take out a loan or take an equity investment in the future. Funding is available for the following activities, but not limited to:
- Business planning;
- Prepare the documentation needed to approach potential investors;
- Plan new products or services to grow revenue;
- Accounting services;
- Financial modeling; or
- Investment structuring.
Program Deadline
Speak with a member of our team to find the latest intake period info for this program or subscribe to our newsletter to be notified.