The Government of Canada’s Investment Readiness Program (IRP) is a new $50M fund that aims to help social purpose organizations build their capacity to participate in the growing social finance market. The IRP is also designed to help these organizations prepare for the Government’s broader investment in social finance via the Social Finance Fund, a historic new $755M commitment which is expected to be launched in 2020.
We are partnering with Community Foundations of Canada (CFC), the national organization working with community foundations across Canada, to help administer the IRP program and distribute the funds.
We will be delivering this program in the Ottawa region and some surrounding areas including Prescott-Russell and North Grenville.
Purpose of IRP Funding
The IRP’s goal is to help social purpose organizations move towards investment readiness. Funding can be used to research, launch, design, measure and scale up social enterprises. A social enterprise is an organization or program that is mission-driven, aiming to sell goods or services to earn a revenue, while also helping achieve positive social, cultural or environmental results.
You can apply to the IRP if you are a:
- For-profit social enterprise
Funds are intended to be used to access outside expert advice and services or create dedicated staff capacity.
Apply for Funding
Social purpose organizations can request between $10,000 and $100,000.
There will be two funding rounds before March 31, 2021. The application period for the first round opened on January 8 and closed on February 10, 2020.
The application period for the second and final round will open on September 8 and close on October 9, 2020.