Sault Ste. Marie | Startup Canada, a grassroots entrepreneur-led, non-profit organization fuelling Canada’s entrepreneurship movement, is investing in community initiatives across the country with four new funds that focus on empowering women entrepreneurs, championing retail startups, better connecting entrepreneurs to co-working spaces and building strong startup communities.
“Canada needs to strengthen and build the capacity of its entrepreneurship communities to afford greater support and opportunities for entrepreneurs,” said Victoria Lennox, CEO of Startup Canada. “The Startup Canada Investment Fund Program gives local grassroots initiatives much-needed seed funding to fill gaps in the current support system to help entrepreneurs develop scalable and competitive businesses.”
The funds focus on building support, connections, and opportunities for entrepreneurs through entrepreneur-led and directed programming and community building initiatives. Individuals and organizations with projects that meet fund criteria are eligible to apply for the following funds:
● The Startup Canada Women Entrepreneurship Fund, which invests in high-impact projects that encourage and support the development of women-led companies in Canada.
● The TruShield-Startup Canada Retail Startup Fund, which invests in high-impact projects that provide startups and small businesses with support and opportunities to better compete with the top 30 companies that account for the majority of sales in the sector.
● The Startup Canada Startup Space Fund, which invests in grassroots, entrepreneur-led co-working spaces, incubators, and makerspaces across Canada that will create or provide physical spaces for Startup Canada Members to start and grow their businesses.
● The Startup Canada Community Investment Fund, which invests in high-impact, entrepreneur-driven initiatives in official Startup Canada Communities that foster new opportunities and greater connectivity of entrepreneurs to support, investment, customers and supply chains.
“StartUP Sault is excited to promote the four newly announced funds which can benefit entrepreneurs and organizations in Sault Ste. Marie,” said Nevin Buconjic, StartUP Sault Founder and Community Lead. Startup Canada continues to support entrepreneurship across the country, and this is just one more example of their efforts to empower entrepreneurs and the communities they live in.”
Applications to each fund are due Oct. 7, 2015 and successful applicants will receive up to $3,000 per project. Fund recipients will be announced during Startup Canada’s #EveryEntrepreneur Tour, a nationwide tour with an unconference-style program that will provide on-site mentorship and training to thousands of entrepreneurs and hundreds of community leaders to help sow the seeds for the next generation of anchor companies and startup communities.
For full details on each of the funds, visit startupcan.ca/investment-funds.