Kitchener Waterloo Community Foundation (KWCF) is offering eligible organizations that are working to do more good in Waterloo Region, Guelph, Centre Wellington, Stratford, Perth South, and Woodstock the opportunity to access non-repayable capital through the Investment Readiness Program. This is part of a national initiative led by Community Foundations of Canada and funded by the Government of Canada that will provide $50 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.
As a Regional Partner for the IRP, KWCF is leading this initiative locally in partnership with four other community foundations (Cambridge & North Dumfries Community Foundation, Centre Wellington Community Foundation, Guelph Community Foundation, Stratford Perth Community Foundation) and four local organizations that drive social change (Communitech, GreenHouse, Lyle S. Hallman Foundation, and 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.
“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.
You can access information about the IRP at, including a link to the application form. Submissions are due by 8:00 PM (EST) on February 10, 2020. KWCF will open additional application periods in 2020.