The Brant Community Foundation, a member of the Community Foundations of Canada, has announced their partnership with the Investment Readiness Program, a new national initiative funded by the Government of Canada. This funding program can provide time-limited, non-repayable capital to support a broad range of “social purpose organizations” (i.e. non-profits, charities, co-operatives, hybrid social enterprises, and mission-focused for-profits) in helping them grow, build their capacity to accept investment, and participate in Canada’s growing social finance market.
Funding can be used to research, launch, design, measure and scale up a social enterprise to achieve sustainability and take on future investment. Funds can be used to:
- Explore a new business idea or develop a business plan to test your inspiring idea
- Create a marketing plan to reach new audiences
- Prepare the documentation needed to approach potential investors as you move to taking on investment capital
- Plan new products or services to grow revenue
The funds are not eligible for use towards core operating costs. They should move your enterprise forward along the spectrum from idea to investment-ready. Successful applicants can receive up to $100,000 to invest in their social enterprise and help make an even greater positive change in their community.
The Brant | Halton | Peel consortium is responsible for distributing over $1 million locally. The Brant Community Foundation is thrilled to be helping deliver the #IRProgram supporting eligible social enterprises to prepare to receive investments and unlock even more innovative solutions to pressing challenges in Brantford, Brant County, Six Nations of the Grand River and Mississaugas of the Credit First Nations.
The application is open until February 10, 2020.
For more information about the fund, including copies of the application form, visit the Investment Readiness Program website.