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Investment Readiness Program

Value

The total grants and contributions funding envelope for the IRP is $45,815,426. We anticipate that we will sign agreements with 20 to 30 organizations to deliver the IRP.

Description

Based on the success of the pilot program, the renewed Investment Readiness Program (IRP) will continue to advance Social Innovation and Social Finance (SI/SF) in Canada. It will support social purpose organizations (SPOs) to build their capacity to access social finance and a strengthened SI/SF ecosystem. SPOs are organizations with a social or environmental mission. SPOs straddle the charitable and non-profit sector and the private sector.

The renewed IRP will be delivered under 2 streams:

  • stream 1 (Readiness support partners) will provide funding to SPOs to build skills and capacity to access social finance investment. SPOs will use the funding to get help do market analyses, develop new products and services, build business plans and acquire technical expertise
  • stream 2 (Ecosystem builders) will invest in projects that help grow and strengthen the SI/SF ecosystem. This will provide another layer of support to SPOs

Eligible Applicants

The IRP seeks to reach SPOs that serve and are led by:

  • women
  • Indigenous peoples
  • Black canadians and other racialized communities
  • official language minority communities
  • people with disabilities
  • other equity-deserving groups

Eligible organizations are those located in Canada and must be one of the following types:

  • non-profit organization
  • cooperative or mutual
  • municipality
  • provincial and territorial government entity including institutions, agencies and Crown Corporations; inclusive of educational institutions, public health and social services organizations
  • National Indigenous Organization, Modern Treaty and Self Government Agreement Holder, or Indigenous non-government organization
  • international organization*
  • for-profit organization, inclusive of hybrid corporate models, provided that the nature and intent of the activity:
    • is non-commercial
    • is not intended to generate profit, and
    • supports program priorities and objectives

*These organizations must have a Canada Revenue Agency business or registration number, or proof of provincial incorporation or registration

Eligible Expenses

This funding will support projects that build and strengthen the SI/SF ecosystem in these areas:

  • investing in inclusive innovation to ensure that leaders and organizations from equity-deserving groups are engaged, represented and welcome in the SI/SF ecosystem
  • strengthening networks of expertise in the SI/SF ecosystem, including specialized services to equity-deserving groups
  • conducting research and disseminate tools and knowledge on gaps in the SI/SF ecosystem
  • investing in SPO capacity to participate in social procurement markets in Canada
  • connecting the IRP and the broader SI/SF ecosystem to ensure that IRP partners and other stakeholders are engaged with each other and the ecosystem

Deadline Date

  Stream 2: Ecosystem builder: open from August 06, 2021 to September 16, 2021.
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