Investment Readiness Program now open for second round of funding

Investment Readiness Program now open for second round of funding

Posted On

Sep 9, 2020

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In late 2018, the Government created a Social Finance Fund, to give Canadians new access to new financing to implement their innovative ideas.

The Investment Readiness Program is part of this fund. Its goal is to help Social Purpose Organizations build their capacity to participate in Canada’s growing social finance market and prepare for Canada’s broader investment in social finance.

Simply put: The IRP will help social enterprises to design, measure, and scale in order to get ready to accept investments.

At the start of 2020, the Community Foundations of Canada opened applications for a first round of IRP funding. Organizations were invited to apply for $10,000-$100,000 in non-repayable capital to help launch, design, measure and scale their social enterprise and prepare to access investment in Canada’s growing social finance marketplace.

The IRP provided $8.9 million in funding to 257 organizations across the country through its first intake. In Toronto, York and Durham, 23 organizations received funding to take on issues like poverty, well-being, economic opportunity, equality and climate change. You can learn more about the first round of funding here.

Applications for round two are now open.

If you are a:

  • Charity
  • Non-profit
  • Co-op
  • Social enterprise
  • For-profit social enterprise

the IRP can help you develop your social enterprise and make an even bigger impact.

Sign up here to become part of the IRP community. You could be eligible for between $10,000–$100,000 in non-repayable capital to help launch, design, measure and scale your social enterprise