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.

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Social Enterprises -Investment Readiness Program

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.

Amount of Funding from the Canadian Government

Social Enterprises -Investment Readiness Program

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 Applicants for Canadian Government Funding

Social Enterprises -Investment Readiness Program

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.
Eligible Expenses for Canadian Government Funding

Social Enterprises -Investment Readiness Program

Program Deadline

The application period for this program runs from September 28, 2022 to November 22, 2022. The expenses must be incurred between February 15, 2023, and December 15, 2023

Program Deadline for Canadian Government Funding
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