$10,000 to $100,000 Grants Available to Social Enterprises
We all want communities where everyone can belong and thrive. The Investment Readiness Program (IRP) supports new and innovative ways of getting us there. It is designed to help social purpose organizations explore, grow and flourish across Canada, contributing to solving pressing social, cultural and environmental challenges. Starting January 8-February 10, 2020, organizations can apply for between $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. Additional rounds of funding will be announced in 2020.
Across the Ottawa Valley, social purpose organizations are operating at many different stages of development. Some organizations are doing incredibly innovative work in pursuit of social, cultural or environmental goals but may not consider themselves social enterprises and/or may not be aware they can access financial support for their work. Some are in an early design stage and are workshopping innovative ideas. Others still are more developed and might be looking for resources to scale their work. In short, social purpose organizations can be at widely differing stages of readiness to receive investment.
The IRP was initially launched by the Government of Canada to help social purpose organizations build their capacity to participate in Canada’s growing social finance market. It is also designed to help social purpose organizations prepare for the Government of Canada’s broader investment in social finance via the Social Finance Fund, a historic new $755M commitment which was announced in November 2018 and is expected to roll out over ten years. Alongside a suite of other organizations, Community Foundations of Canada is thrilled to be playing a role in delivering the IRP.
The first IRP application period runs from January 8 through February 10, 2020. Additional rounds of funding will be announced later this year. Interested social purpose organizations can submit their applications through the IRP Application Portal.
Read the FAQs to learn more about eligibility, funding deadlines, how to apply and more.
Download the program guidelines, application forms and glossary to help you prepare your application offline. You can find these tools in the resource library section of the IRP page.
Watch a recording the CFC's IRP 101 webinar for social purpose organizations.