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CFNS

Investment Readiness Program Launches in Canada

Submitted by cfnseditor on Thu, 01/09/2020 - 11:45

MEDIA RELEASE

For Immediate Release

Jan 8, 2020

 

Applications now open for up to $100,000 for local social purpose organizations to grow their positive impact in Nova Scotia through social enterprise

 

HALIFAX, NS - Community Foundation of Nova Scotia (CFNS) is offering eligible organizations that are working to do good in Nova Scotia the opportunity to access up to $100,000 in non-repayable capital through the Investment Readiness Program (IRP). This is part of a national initiative led by Community Foundations of Canada and funded by the Government of Canada to that will provide $18.5 million across Canada 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.

“There are so many inspiring community leaders in both not-for-profit and for-profit organizations looking to make a difference in new and innovative ways,” says Stephanie Clark, Interim CEO of CFNS. “We are excited to be a part of this initiative and 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 CFNS is a regional partner, should be submitted by February 10th through the program’s website irp-ppi.ca. CFNS will open additional application periods in 2020.

 

Click here for more information on the IRP.

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