Investment Readiness Program Now Open for Applications
Investment Readiness Program Now Open for Applications
Funded by:
London Community Foundation is offering eligible organizations that are working to do good in London and Middlesex County the opportunity to access up to $100,000 in non-repayable capital through the Investment Readiness Program. This is part of a national initiative led by Community Foundations of Canada and funded by the Government of Canada that will provide $18.5 million across Canada to seed and grow social enterprise.
“This is an exciting opportunity to help take our social enterprises to the next level of development,” says Vijay Venkatesan, Vice President, Finance & Operations.
The Investment Readiness Program is open to a diverse range of organizations and businesses including charities, non-profits, co-ops and for-profit social enterprises. The program can provide $10,000 to $100,000 in non-repayable capital to design, plan, measure, and scale social enterprises in order to get ready to accept investment.
“There are so many inspiring community leaders looking to make a difference in new and innovative ways,” says Vijay. “We are looking forward to seeing the IRP help successful applicants grow their impact even more.”
The Investment Readiness Program will help social enterprises across Canada grow, and build their capacity to accept investment and participate in Canada’s growing social finance market.
“Business isn’t just about the bottom line. It can be a source for good and a catalyst for social and environmental change in communities across Canada. We are honoured to support social enterprises across Canada in building a better world,” says Andrew Chunilall, CEO of Community Foundations of Canada, a national partner in the Investment Readiness Program.
Applications for the IRP, of which London Community Foundation is a regional partner, should be submitted by February 10 through the program’s website. London Community Foundation will open additional application periods in 2020.