Funded by the Government of Canada, the Investment Readiness Program (IRP) supports social purpose organizations as they contribute to solving pressing social, cultural and environmental challenges across Canada. Its goal is to help social purpose organizations build their capacity to participate in Canada’s growing social finance market and prepare for the Government of Canada’s broader investment in social finance via the Social Finance Fund.
Learn more about IRP projects
Apply today! Five Readiness Support Partners have supported projects through the IRP. To learn more about the funded projects, visit their websites:
National Association of Friendship Centres
Visit their website for Round 1 results. The application period for Round 2 will open soon.
Chantier de l’économie sociale
Applications are no longer being accepted. Visit their website for funding results.
Community Foundations of Canada (CFC)
Applications for the second round of funding are now closed. For more information, as well as funding results from the first round, visit their website.
National Aboriginal Capital Corporations Association (NACCA)
For more information about their funding results, visit their website.
Canadian Women’s Foundation (CWF)
Applications for cycle 3are now closed. Visit their website for funding results for cycles 1 and 2.
Do you want to create a better world through business?
The IRP can help you develop your social enterprise and make an even bigger impact.
The IRP will help social enterprises to design, measure, and scale in order to get ready to accept investments.
If you are a:
- Social enterprise
- For-profit social enterprise
You could be eligible for between $10,000-$100,000 in non-repayable funds to grow your social enterprise project. Sign up to receive program updates and become a member of the IRP network. You can also check back on this page in the coming weeks for updates on program eligibility and application deadlines.
More about ‘investment readiness’ and the IRP
Supporting social purpose organizations and enabling their success will be key to Canada’s economic, social, cultural and environmental success today and in the future. In communities across Canada, social purpose organizations’ social enterprises are operating at many different stages of development. Some may be doing incredibly innovative work but may not consider it a social enterprise and/or may not be aware they can access different types of financial support for their work. Some are working with an innovative idea in its early design stage. Others are more developed, and might be looking for resources to scale their work. In short, social purposes organizations across Canada are at widely differing stages of ‘readiness’ to receive investment. One thing is certain: these organizations are key levers in creating more resilient, equitable and sustainable communities of the future.
The Investment Readiness Program aims to address the issue.
In June 2019, the Government of Canada launched the Investment Readiness Program (IRP), a new $50M fund whose aim is to help social purpose organizations’ (charities, non-profits, social enterprises, for-profits with a social purpose and co-operatives) social enterprises build their capacity to participate in Canada’s growing social finance market. The IRP is also designed to help social purpose organizations prepare for the Government of Canada’s broader investment in social finance via the Social Finance Fund, a historic new $755M commitment which was announced in November 2018 and is expected to roll out over ten years.