More Funding Available for Social Enterprises

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Social Entrepreneurs in the region have until November 30 to apply for funding through the SENO CoStarter for Change program, which has been supporting social enterprises to launch and grow for the past year.

This funding program is the result of continued collaborative partnerships within Northern Ontario, including NORDIK Institute, PARO Centre for Women’s Enterprises, Northwestern Ontario Innovation Centre, Sault Ste Marie Innovation Centre, Social Entrepreneurship Evolution (SEE), and Nishnawbe Aski Nation. Together, these organizations have launched and supported the Social Enterprise Northern Ontario (SENO) CoStarter for Change, a program that has been working diligently to build bigger and stronger social enterprises in this region.

Having already supported more than seven social enterprises in the Northeastern region, SENO CoStarter for Change is fostering an ecosystem that connects innovators, facilitates collaboration and helps social entrepreneurs source and access financing and training. With the support from community organizations, the program provides micro-grants and loans to both non-profits and social enterprises, as well as one-on-one support for writing business plans and funding applications.

SENO CoStarter for Change participants will partake in an application program that is currently open until November 30th and are offered continued support during and following the application process to help continue to develop their business idea to its fullest potential.

Quick Fact
Social enterprises use business practices to achieve a social or environmental goal and may have several different governance models: non-profit, cooperatives, or for-profits with a social or environmental purpose.