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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
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
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
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.
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