The Community Foundation of P.E.I. (CFPEI) is offering eligible organizations that are working to do good in the province the opportunity to access non-repayable capital through the Investment Readiness Program.
The program is part of a national initiative led by Community Foundations of Canada and funded by the federal government that will provide $18.5 million across Canada to seed and grow social enterprise.
The Investment Readiness Program (IRP) is open to a diverse range of organizations and businesses including charities, non-profits, co-ops and for-profit social enterprises. The program can provide a minimum of $10,000 in non-repayable capital to design, plan, measure, and scale 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 Jonathan Ross, CFPEI president.
“We are looking forward to seeing the IRP help successful applicants grow their impact even more.”
The Investment Readiness Program will help social enterprises across Canada grow and build their capacity to accept investment and participate in Canada’s growing social finance market.
Applications for the IRP, of which The Community Foundation of P.E.I. is a regional partner, must be submitted online by Feb. 10.
Application guidelines and instructions can be found at cfpei.ca.
