The Kitchener Waterloo Community Foundation is offering eligible organizations that are working to do more good in Waterloo Region the opportunity to access non-repayable capital through the Investment Readiness Program.
The national initiative led by Community Foundations of Canada and funded by the Government of Canada that will provide $50 million across the country to seed and grow social enterprise.
"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." said a release.
KWCF is leading the initiative locally in partnership with four other community foundations including the Cambridge and North Dumfries Community Foundation, as well as four local organizations that drive social change - Communitech, GreenHouse, Lyle S. Hallman Foundation and the Region of Waterloo.
"We are thrilled to be working with amazing partners to deliver this funding which will support Social Purpose Organizations unlock even more innovative solutions to pressing challenges," says Elizabeth Heald, President & CEO, Kitchener Waterloo Community Foundation. "There are so many inspiring community leaders looking to make a difference in new and innovative ways, and we look forward to seeing the IRP help successful applicants grow their impact even more."
The Investment Readiness Program will help Social Purpose Organizations across Canada grow and build their capacity to accept investment, and participate in Canada's growing social finance market.
Applications to apply for funding can be found here. Submissions are due by 8 p.m. on February, 10.