Social Finance Investment Readiness Icon

Social Finance Investment Readiness

Get ready to use repayable capital to enhance your impact

Introduction

What is Social Finance?

Social finance enables organizations to access new money to enhance their impact. Social finance is repayable investment that supports positive social, environmental, and/or cultural impact.

Organizations can complement grants, donations, contracts and other forms of earned income with repayable social finance like loans and equity investments. These investments are used by organizations to carry out activities that advance their mission and to generate savings or income that they can use to repay investors.

 

Example of an organization using social finance:

Old East Village Grocer, owned and operated by registered charity ATN Access for Persons with Disabilities, raised a $100,000 repayable start-up loan from VERGE Capital. Old East Village Grocer trains and employs people with disabilities to operate a community grocer which earns revenue to repay their loan by selling local, affordable food in an underserved neighbourhood.

 

Developed as part of the Investment Readiness Program:

Investment readiness program logo

Get Ready to Access Social Finance Funds

The Government of Canada announced a $755 million Social Finance Fund to be invested over 10 years and expects funds will be matched to create $2 billion in new investment.

Additionally, $50 million was announced to help social-purpose organizations access the Social Finance Fund and more broadly participate in the social finance ecosystem.

In determining whether and how to use social finance, organizations should consider:

  • What the money is needed for, and how the money would be used;
  • How the money will be paid back at a later date;
  • How the financing opportunity aligns with their mission, values, and capacity.

The Innoweave Social Finance Investment Readiness stream helps organizations:

  • Generate ideas on how they can use social finance;
  • Clarify an idea that is mission-aligned, impactful, and feasible;
  • Identify areas of investment-readiness support required to access social finance.

The Innoweave self-assessment tool is designed to help you determine your organization's readiness and whether your initiative or program model is well suited for Social Finance Investment Readiness.

Self-
assessment

This assessment has 5 questions.

Please respond to each of the questions to the best of your ability by choosing the option that most accurately reflects your organizational context.

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What is your primary reason for using social finance?
How would you use money received from social finance investors?
How might you repay your social finance investors?
Is your board supportive of seeking social finance investment?
Do you have the financial skills among your staff and board to manage a social finance investment?

How we help

Info Sessions

Learn about the Social Finance Fund and Investment Readiness Program.

Ideation Sessions

Generate ideas on how your organization can use social finance to enhance your impact.

Workshop your idea

Workshop your project idea to define the project financials, impact, and investment-readiness support required with 3-4 leaders from your organization working alongside peers and experts.
Apply

Register for upcoming events

  • Info & Ideation: Social Finance Readiness (Toronto) Innoweave will be hosting a Social Finance Investment Readiness Exploration Session at CSI on October 16, 2019, from 2:30pm – 4:00pm ET. Come learn...
  • Info Session: Social Finance Readiness (National – Online) Innoweave will be hosting a Social Finance Investment Readiness Info Session online on October 23, 2019, from 1:00 – 2:00pm ET. This session will...
  • Idea Generation: Social Finance Readiness (National – Online) Innoweave will be hosting a Social Finance Investment Readiness Idea Generation Session on October 30, 2019, from 1:00 – 2:30pm ET. While not mandatory,...
  • Info & Ideation: Social Finance Readiness (French) This webinar will be in French. Innoweave tiendra un webinaire sur l’exploration de la préparation à l’investissement le 31 octobre 2019, de 13h à...
  • Info & Ideation: Social Finance Readiness (Fort McMurray) Fuse Social & Innoweave will be co-hosting a Social Finance Investment Readiness Exploration Session on November 12, 2019, from 2:00pm – 4:00pm MT. Come...
  • Info & Ideation: Social Finance Readiness (Calgary) The Social Impact Lab of United Way of Calgary & Area and Innoweave will be co-hosting a Social Finance Investment Readiness Exploration Session on...
  • Info & Ideation: SF for Arts & Culture (Toronto) Innoweave, with the collaboration of the Ontario Trillium Foundation, Metcalf Foundation, Ontario Arts Council, Toronto Arts Council, and Canada Council for the Arts, will...
  • Info & Ideation: SF for Arts & Culture (National – Online) Innoweave, with the collaboration of the Ontario Trillium Foundation, Metcalf Foundation, Ontario Arts Council, Toronto Arts Council, and Canada Council for the Arts, will...
  • Info & Ideation: Social Finance Readiness (Kingston) Innoweave and the United Way of Kingston, Frontenac, Lennox & Addington will be co-hosting a Social Finance Investment Readiness Exploration Session on December 2,...

 

Can’t find an event you can attend? You can sign up to receive periodic news of future events, or you may contact the Innoweave team to discuss hosting an event for you and other organizations in your community.

Coaches

Innoweave offers coaching support to organizations that are well positioned to implement a Social Finance approach. You can connect with an Innoweave coach to help you explore and implement your initiative.

Kristi Rivait
Jean-Baptiste Sawadogo
Ken Kolb
Petra Kassun-Mutch
Tina Crouse
Julien Geremie
Norm Tasevski
Jonathan Wade
David LePage
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Apply for support

The Government of Canada will be disbursing up to $50 million in grants to help social-purpose organizations access social finance. We can help your organization apply for investment-readiness support grants from our partners. Check back here for more information soon.

Apply Now

Support services

Organizations that have clearly defined their investment opportunity as well as the assistance that they require to access social finance can connect to a support provider. Find a service provider that meets your needs by viewing our list of customized 1-to-1 services and group training services.

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FAQ

These are our most frequently asked questions.

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Where can I access your info-sessions and coaching?

We offer many sessions online or in-person at different points in the year. Our coach network includes individuals who are based or able to work in multiple locations. Check our events listing to find the next one near you.

Does it cost money to participate?

Innoweave’s info-sessions are free!

Do you support organizations outside Canada?

We do not support organizations outside Canada or whose primary activity takes place outside of Canada.