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.
Community Foundations of Canada is proud to serve as one of the IRP’s national funding intermediaries. We are collaborating with community foundations across the country to award IRP funding, including in Quebec, where CFC and community foundations have collaborated with the Chantier de l’économie sociale.
At the start of 2020, we opened applications for a first round of IRP funding. Organizations were invited to apply for $10,000-$100,000 in non-repayable capital to help launch, design, measure and scale their social enterprise and prepare to access investment in Canada’s growing social finance marketplace.
Results from CFC’s first funding round are now available. For more information about the IRP, visit the national website at irp-ppi.ca. Applications for the second and final round of funding for CFC’s IRP program will be accepted starting September 8, 2020 until October 9, 2020. If you are interested in applying, you can find more information about application materials through our FAQs blog post.