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TD Bank Group - The TD Ready Challenge - Canada
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TD Bank Group - The TD Ready Challenge

Funding for innovative small business support
Last Update: May 26, 2026
View official website
Funding available
$ 1,000,000
Timeline
  • Closing date : September 5, 2024
Location
Canada

Overview

The 2024 TD Ready Challenge offers funding to support innovative solutions for underserved small business owners. Successful Canadian organizations receive up to CAD $1 million, while eligible U.S. organizations receive up to USD $1 million for projects that help develop, launch, or grow businesses.
/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Increase performance through digital transformation
  • Increase social or community impact
  • Develop strategic partnerships
Eligible Funding
  • Maximum amount : 1,000,000 $
Timeline
  • Closing date : September 5, 2024

Eligible candidates

Eligible Industries
  • All industries
Location
  • Canada
Legal structures
  • Non-profit
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • All groups
Non-profit candidates
Sector of operation
  • Economic, Social and Community Development
  • Diversity and Inclusion
Target groups
  • Business owners / entrepreneurs
Revenue structures
  • All structures
Scope
  • National
  • International

Next Steps

1
Determine your project
2
Validate your eligibility

Activities funded

  • Solutions that help underserved small business owners develop a business, launch a new business, or grow an existing business.
  • Programs that improve access to financial capital and support.
  • Initiatives that build business and financial planning skills.
  • Business mentorship initiatives.

Documents Needed

  • Most recent audited financial statement
  • Written confirmation of U.S. nonprofit status, if applicable
  • Supplementary materials, if requested during final review

Official resources

Official page

The 2024 TD Ready Challenge

Eligibility

Who is eligible?

  • Canadian registered charities and not-for-profit organizations
  • U.S. charitable and not-for-profit organizations with eligible IRS status
  • Local or state government organizations in the U.S.

Who is not eligible

  • For-profit companies or institutions
  • Elementary and secondary schools
  • Religious organizations whose main purpose is worship or religious practice
  • Individuals and individual fundraising initiatives
  • TD employees and 2022 or 2023 TD Ready Challenge recipients

Ineligible Costs and Activities

  • Projects focused on youth
  • Projects led by for-profit companies or institutions
  • Lobbying for policy, legislation, or regulations
  • Elementary and secondary schools
  • Religious organizations whose primary purpose is religious practice or worship
  • Pageants, sports teams, sporting events, conferences, trade shows, fairs, and video or television production
  • Individuals, individual pursuits, and fundraising initiatives
  • Recreational groups such as lodges, fraternal clubs, and self-improvement organizations
  • TD employees
  • 2022 and 2023 TD Ready Challenge grant recipients

Eligible geographic areas

  • Canada
  • U.S. states within TD's Retail footprint
  • Metro Detroit area, including Lapeer, Livingston, Macomb, Oakland, St. Clair, and Wayne counties

Selection criteria

  • Strategic alignment with the 2024 problem statement
  • Feasibility of the proposed plan
  • Well-positioned team with relevant community ties
  • Value for money
  • TD Employee Voting component in the final round

How to apply

  • Step 1: Review program requirements
    • Confirm the organization meets the eligibility rules.
    • Prepare the required supporting documents.
  • Step 2: Complete the online application
    • Fill out the application in the online portal.
    • Upload the required documents in PDF format.
    • Submit only one application.
  • Step 3: Submit before the deadline
    • Send the application electronically through the portal.
    • Make sure the submission is complete before the deadline.
  • Step 4: Receive confirmation
    • Watch for the email confirmation after submission.
    • Keep a copy of the application for your records.

Processing and Agreement

  • Applications are reviewed after the submission deadline by an internal TD judging panel.
  • Selected applications move through up to three rounds of assessment.
  • Final decisions are made by the TD North American Executive Judging Panel.
  • Successful applicants are notified by email, with recipients announced in early 2025.
  • An executed agreement is required before funds are disbursed.

Additional information

  • Applications must be submitted online through the application portal.
  • Only one application may be submitted per organization.
  • Applicants may be asked to provide supplementary materials in the final review stage.
  • A financial analysis of the organization may be conducted during review.

Frequently Asked Questions about the TD Bank Group - The TD Ready Challenge Program

What is the TD Bank Group - The TD Ready Challenge?

The 2024 TD Ready Challenge offers funding to support innovative solutions for underserved small business owners. Successful Canadian organizations receive up to CAD $1 million, while eligible U.S. organizations receive up to USD $1 million for projects that help develop, launch, or grow businesses.

How much funding can be received?

TD Bank Group - The TD Ready Challenge Funds up to $1,000,000 of admissible expenses.

Who is eligible for the TD Bank Group - The TD Ready Challenge program?

To be eligible for the TD Bank Group - The TD Ready Challenge program, you must: Registered charity or nonprofit Local or state government organization Project must support underserved entrepreneurs

What expenses are eligible under TD Bank Group - The TD Ready Challenge?

Solutions that help underserved small business owners develop a business, launch a new business, or grow an existing business. Programs that improve access to financial capital and support. Initiatives that build business and financial planning skills. Business mentorship initiatives.

Who can I contact for more information about the TD Bank Group - The TD Ready Challenge?

You can contact TD Bank, The Toronto-Dominion Bank (TD).

Where is the TD Bank Group - The TD Ready Challenge available?

The TD Bank Group - The TD Ready Challenge program is available across Canada.

Is the TD Bank Group - The TD Ready Challenge a grant, loan, or tax credit?

TD Bank Group - The TD Ready Challenge is a Grant and Funding