The Ministry of Economic Development, Employment and Infrastructure has announced that eleven non-profit intermediary organizations will be receiving funding through Ontario’s $4M Social Enterprise Demonstration Fund.
The Social Enterprise Demonstration Fund:
- helps social entrepreneurs/enterprises who are tackling Ontario’s most pressing social and environmental issues, and creating jobs.
- fosters partnerships with not-for-profit intermediary organizations to achieve value-for-money in program delivery
- provides funds to eligible social enterprises, through intermediaries, in the form of grants, loans, equity investments, royalties or through other financial tools
- leverages government contributions through private sector expertise and investments
- serves as a learning platform for demonstrating innovative social finance arrangements
