
Closed
TD Bank Group - The TD Ready Challenge
Funding for innovative small business support
Last Update: May 26, 2026
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
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