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TD Bank Group - The TD Ready Challenge
Last Update: February 3, 2026
Canada
Innovative solutions for underserved small business owners
Grant and Funding
At a glance
Funding available
Financing goals
No objectives are currently available
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
Overview
This funding supports innovative approaches that help underserved small business owners develop, launch, or grow a business. Eligible organizations may receive up to CDN $1 million (Canada) or USD $1 million (U.S.) to deliver strategies, technologies, or partnerships that address systemic barriers.
Activities funded
- Innovative initiatives that help underserved small business owners develop a business.
- Innovative initiatives that help underserved small business owners launch a new business.
- Innovative initiatives that help underserved small business owners grow an existing business.
Examples of admissible projects:
$ 975,000
Launch a digital-first incubator with coaching and microgrants for founders
$ 990,000
Run a hybrid accelerator that scales underserved businesses through e-commerce
Documents Needed
Eligibility
- The applicant is a charitable or non-profit organization proposing an innovative approach to support underserved small business owners.
- The proposed initiative supports underserved entrepreneurs to develop a business, launch a new business, or grow an existing business.
- The approach includes novel strategies, technologies, or partnerships with the potential to disrupt systemic barriers for underserved entrepreneurs.
Who is eligible?
- Registered charities
- Not-for-profit organizations
- Local or state government organizations
Who is not eligible
Eligible expenses
Ineligible Costs and Activities
Eligible geographic areas
- Canada
- United States
Selection criteria
Processing and Agreement
- Applications are reviewed and final funding decisions are made by the TD North American Executive Judging Panel.
- Successful recipients are expected to be announced in early 2025.
Additional information
- Final funding decisions are made by the TD North American Executive Judging Panel.
- Successful recipients are expected to be announced in early 2025.
- The general application deadline was September 5, 2024.
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Frequently Asked Questions about the TD Bank Group - The TD Ready Challenge Program
Here are answers to the most common questions about the TD Bank Group - The TD Ready Challenge. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
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