The Procurement and Investment Readiness Fund (PIRF) is a fund for revenue-generating social enterprises in Ontario to assess their procurement and investment readiness, and to access the services and capacity building supports necessary to successfully compete for procurement and investment opportunities. The Fund is administered by the Canadian Community Economic Development Network (CCEDNet) in partnership with key leaders from the social enterprise sector.
Capacity stream: (i) Assessment Grant (up to $5000); leading to the (ii) Capacity Building Grant (up to $50,000) Social enterprises that need help to assess their level of investment or procurement readiness can choose to apply to the Capacity stream for a preliminary Assessment Grant. If successful, the social enterprise will be eligible to apply for a larger Capacity Building Grant to build that required capacity.
Catalytic stream: (iii) Catalytic Grant (up to $100,000) Organizations that have identified an investment or procurement which they are confident they can secure with the right support, can apply directly for a larger Catalytic Grant.
In order for your organization to be eligible for funding, your organization must:
1. Be an enterprising not-for-profit organization, social purpose co-operative, or for-profit businesses with a social mission, which is either (i) an incorporated not-for-profit or for-profit organization operating in the Province of Ontario; or (ii) a registered business in Ontario as a sole proprietorship, partnership or co-operative.
2. Derive a substantial portion of its income through the sale of goods and services.
3. Intend to create a social or environmental impact through its business activities. The organization is expected to have a blended business model, with social impact as a defining element of its business model. The social and/or environmental impact of the Social Enterprise grows in lockstep with its business growth.
4. Be an organization whose impact is intentional and not merely a by-product of business operations.
5. Measure and report on its social/environmental impact.
6. Have a demonstrated track record, including but not limited to a minimum revenue generation of $5,000 per year.
7. Have demonstrated growth potential.
8. Have the ability to clearly articulate its business need, and to explain how the grant will be used to address it.
9. Be willing to cover some portion of the Service Provider costs through internal resources (cash or in-kind).
10. Demonstrate the viability of its business case.
Assessment Grant deadlines: Spring of 2019. Please check back for the exact deadline. There will be regular intakes over the next two years, deadlines for which will be posted.
Capacity Building Grant deadlines: This grant will open in early spring. Check back for updates. There will be regular intakes over the next two years, deadlines for which will be posted.
Catalytic Grant deadlines: This grant will be opening soon. Check back for updates. There will be regular intakes over the next two years, deadlines for which will be posted.