The Investment Readiness Program is helping social purpose organizations explore, grow and flourish across the country, empowering them to develop along the path from great ideas to becoming investment-ready. Toronto Foundation is thrilled to again be partnering with Community Foundations of Canada and the Government of Canada to distribute funds to local social purpose organizations in the City of Toronto, and York and Durham Regions. Other partners include: Durham Community Foundation.
Results of Round One and Two
In 2019, Community Foundations of Canada, alongside the Government of Canada and several partner organizations, announced the Investment Readiness Program (IRP). Since then, IRP has had two intake periods and has supported many social enterprises in each round.
The first two rounds of the Investment Readiness Program were highly competitive. Toronto Foundation reviewed all the applications with several partners and volunteers.
Third Round of Applications
On September 29, 2022, the newest round of IRP intake will be launched. Eligible social purpose organizations from coast to coast to coast can apply for $10,000 to $75,000 to ensure their organization is ready for investment.
Charities, non-profits, co-ops and for-profit social enterprises, may all apply if they have an existing business or a business idea that fits the definition of a social enterprise — selling a good or service with profits going back into their mission to provide a positive social, cultural or environmental outcome.
Before applying, we encourage applicants to read program materials carefully and familiarize themselves with the program’s goals, eligibility.
Social purpose organizations can start preparing their applications today using the information on the Community Foundations of Canada website.
More Information & Questions
The Investment Readiness Program is funded by the Government of Canada's Social Innovation/Social Finance Strategy.