Menu Menu

In 2019, Community Foundations of Canada, alongside the Government of Canada and several partner organizations, announced the Investment Readiness Program (IRP), a program that helps social purpose organizations scale up their social enterprises to prepare to accept investments. The goal of the IRP is to support these organizations in the social finance market, generating a return for investors while having a positive impact on their communities.

Results

The program was launched in two phases over 2020-21.
Round 1 saw 257 social purpose organizations across Canada received funding totalling $8.9 million.
Round 2 saw 270 organizations nationally receive another $8.3 million.
Community foundations in Hamilton, London and Niagara, along with McMaster Innovation Park, partnered as the conduit for the funding allocated in this geographic area and awarded over $1 million in funding to 29 organizations.

Locally, nine organizations received $385,198 through Hamilton Community Foundation:

OrganizationProjectAmount
($)
De dwa da dehs nye>s Aboriginal Health Centre (DAHC)Business plan and market analysis for launch of a product line from DAHC and the McQuesten Urban Farm to generate revenue and provide skills training to neighbours24,400
Amity Goodwill IndustriesMarketing location plan to establish the viability of an Attended Donation Centre that would help increase product supply to its retail thrift stores30,000
St. Matthew's HouseCreate “nightcare” program for children of neighbourhood parents and caregivers working evenings/nightshift 65,000
Welcome InnDevelop a new business plan and conduct a viability study on expanding the New Horizons Thrift Store32,669
Wesley Urban MinistriesViability, business and marketing planning, training and software support for new urban modular farm supporting newcomers and people living in poverty.60,000
YWCA HamiltonExpansion of YWCA Hamilton At the Table Café and Catering (the Café) to build capacity for future sales of packaged food products and exploration of environmentally friendly food service/retail options. 35,500

Visit IRP-PPI.ca for more details about CFC’s funded projects, as well as projects funded through the various partner organizations.