Business can be a tool for social, cultural, and environmental change.
The second and final round for IRP closed on October 9. Results will be shared in February of 2021.
Second Round Funding Available
The Investment Readiness Program (IRP) is a national initiative funded by the Government of Canada.
Organizations have the potential to receive from $10,000 to $100,000 in non-repayable capital to develop their enterprise.
IRP will provide 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.
In 2019, Community Foundations of Canada, alongside the Government of Canada and several partner organizations, announced the Investment Readiness Program (IRP), a program that helps social purpose organizations advance their social enterprises to prepare to seek and accept investments. 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. CFC held its first round of funding through the IRP in winter 2020, the results of which are now publicly available.
Across Canada, 257 organizations have received IRP funding in CFC’s first funding round. Oakville Community Foundation and its Regional Partners have awarded over $715,550 in funding to 23 organizations. 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.