Business can be a tool for social, cultural, and environmental change.
The Investment Readiness Program (IRP) is a national initiative funded by the Government of Canada.
IRP provides time-limited investments to support a broad range of social purpose organizations (for example, non-profits, charities, co-operatives, hybrid social enterprises, and mission-focused for-profits) in improving their capacity and ability to participate in the social finance market, access new investment and contract opportunities and support them throughout the innovation.
The goal of the IRP is to support these organizations move towards receiving social finance investment, including through the Government of Canada’s Social Finance Fund.
In the first funding round, the Oakville Community Foundation and its Regional Partners have awarded over $715,550 in funding to 23 organizations. Funding details are included in our release.
The Partnership’s second allocation will support 19 social purpose organizations (SPOs) with $719,965 in non-repayable capital. Funding details are included in our release.
Visit Community Foundations of Canada – Investment Readiness Program for more details about the Program.
The Oakville Community Foundation is the lead partner of the Brant | Halton | Peel Regional Partnership. We are a consortium of 6 Community Foundations – Brampton and Caledon Community Foundation, Brant County Community Foundation, Burlington Foundation, Community Foundation of Halton North, Community Foundation of Mississauga – and Sheridan College, a leading post-secondary institution with three campuses in the Halton-Peel region. Sheridan College operates EDGE @ Sheridan,(Entrepreneurship Discovery and Growth Engine), a thriving regional hub for entrepreneurship that provides extensive supports for entrepreneurs and changemakers, with a key focus on social innovation.