Closed

TD Bank Group - The TD Ready Challenge

Q: How much funding can be received?

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

Q: 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: Charitable or non-profit organization Innovative approach supporting underserved entrepreneurs Focus on business development, launch, or growth

Q: 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).

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

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

Q: 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

Last Update: March 4, 2026

Canada

Innovative solutions for underserved small business owners

Grant and Funding

TD Bank, The Toronto-Dominion Bank

Processing And Agreement

Other info

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.

At a glance

Funding available

Financing goals

Integrate new technologies

Increasing 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

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

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

Eligible geographic areas

Canada
United States

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.

Apply to this program

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.