Andrea Nemtin, Executive Director of SI Canada, Karina Gould, Minister of Families, Children and Social Development and Ryan Turnbull, Member of Parliament for Whitby with representatives of the funded organizations
A renewed Investment Readiness Program funds 26 organizations to accelerate social innovation
The Centre for Social Innovation and SI Canada were pleased to host the Honourable Karina Gould, The Minister of Families, Children and Social Development, Member of Parliament for Whitby, Ryan Turnbull, and Ya’ara Saks, Member of Parliament / Députée York Centre, for the announcement of 26 delivery partners of the Investment Readiness Program.
“Our Government sees great potential in growing social innovation in our communities. More Canadian organizations and businesses are offering smart solutions to reduce poverty, reach social equality and fight climate change. The Investment Readiness Program will help them scale up and become investment-ready, so that they can create impacts for Canadians for years to come.”– Karina Gould, Minister of Families, Children and Social Development
SI Canada is pleased to be an ecosystem builder to support 26 delivery partners, as part of the $50 million renewed Investment Readiness Program. The program will help strengthen the social finance and social innovation ecosystem and support social purpose organizations with skills and resources for solving social challenges across Canada.
The Investment Readiness Program supports social purpose organizations with skills and resources for solving social challenges across Canada. The $50 million renewed Investment Readiness Program will be delivered jointly by the announced 26 partner organizations, to help strengthen the social finance and social innovation ecosystem. The organizations include delivery partners: the Canadian Women’s Foundation, Chantier de l’économie sociale, National Association of Friendship Centres, Community Foundations of Canada and Foundation for Black Communities. Read the press release
“Our country is facing complex and systemic social and environmental challenges in so many areas, housing, health, wealth inequality, reconciliation, climate change, this investment in strengthening the social finance and social innovation ecosystem is a big step in unlocking solutions for communities across Canada.” – Andrea Nemtin, Executive Director, SI Canada
As part of the Investment Readiness Program, SI Canada is working to grow and strengthen the social innovation and social finance (SISF) ecosystem by providing information, opportunities, resources and connections. This includes the launch of a monthly social finance newsletter, and highlighting the journey of ten entities (SPOs non-profits, co-operatives, for-profit social enterprises) that have achieved investment readiness through case studies and accompanying events. These will be part of a digital “What Works Centre”.