Community foundations throughout the Okanagan are collaborating to offer social enterprises up to $75,000.
The Investment Readiness Program is part of a $50 million national initiative being delivered by Community Foundations of Canada and funded by the federal government.
The program is open to a wide range of organizations and businesses, including charities, non-profits, co-ops and social enterprises.
It can provide $10,000 to $75,000 to create, manage, and expand social enterprises "in order to get ready to accept investment."
"There are so many inspiring community leaders looking to make a difference in new and innovative ways," says Community Foundation North Okanagan executive director Leanne Hammond.
"We are looking forward to seeing the IRP help successful applicants grow their impact even more."
Andrea Dicks, president of Community Foundations of Canada, adds: "Social enterprise teams from coast to coast to coast are demonstrating how business can be done differently. They are daring to rethink business models to create a more sustainable, equitable and inclusive future. Community Foundations of Canada is in awe of the innovative projects we are funding. We look forward to seeing the positive impacts of this next round of projects through the Investment Readiness Program."
The funding aims to help empower groups "to unlock innovative solutions to social challenges."
"The chance to partner together on an initiative that has the potential to make such a major impact is incredibly appealing," says Judy Neiser, executive director of the Central Okanagan Foundation.
"Whether an organization is a charity, a non-profit, a co-op, or a social purpose business – if its mission is connected to making positive change on social, cultural, or environmental challenges – this program is helping us fund solutions," said Aaron McRann of the Community Foundation of the South Okanagan.
The three community foundations are leading program for the entire Southern Interior.
Information on the IRP can be accessed through any of the foundations’ websites:
- North Okanagan - www.CFNO.org
- ?Central Okanagan – www.CentralOkanaganFoundation.org
- South Okanagan – www.CFSO.net