Open
Last Update: March 4, 2026
Funding available
Up to 45% of project cost
Timeline
- Open continuously
Location
Ontario, Canada
Overview
Coralus supports women- and non-binary-led ventures with community capital and ongoing support. The program focuses on businesses creating positive impact and systemic change for people and the planet.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase social or community impact
- Develop strategic partnerships
- Reduce environmental footprint
Eligible Funding
- Up to 45% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Manufacturing
- Health care and social assistance
- Arts, entertainment and recreation
- Other services (except public administration)
- Public administration
Location
- Ontario
Legal structures
- For-profit business
- Social economy enterprise
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Indigenous Peoples
- Other Racialized Persons
- Startups
- Women
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Building a for-profit venture that creates positive social or environmental impact.
- Developing business models, products, or services aligned with the UN Sustainable Development Goals.
- Participating in community-based venture support and collective learning.
Documents Needed
- Application questions
- One-minute introduction video
- Balance sheet
- Profit and loss statements
Official resources
Eligibility
Who is eligible?
- For-profit businesses registered in Canada
- Women-led ventures
- Non-binary-led ventures
- Businesses focused on positive impact and systemic change
Who is not eligible
- Businesses that are not for-profit legal entities
- Companies not registered in Canada
- Businesses primarily led or owned by people outside the stated ownership and leadership criteria
Ineligible Costs and Activities
- Debt repayment is not eligible.
Eligible geographic areas
- Canada
Selection criteria
- The venture’s story and offer should be compelling enough that reviewers would buy or recommend the product or service.
- The business should show growth potential and be able to leverage the Coralus network.
- The business should create a better world through its model, product, or service.
- Diversity should be considered in the review process.
How to apply
1
Review eligibility and program values
- Learn about Coralus and its mission to support ventures led by women and non-binary individuals
- Understand the community approach and support systems in place
2
Sign up for interest list
- Sign up for the interest list on the Coralus website
- Receive updates about the next application period
3
Prepare to apply
- Monitor your email for notifications about the application opening
- Prepare required information and documentation for the application
4
Submit the application
- Complete the online application during the open call period
- Submit all required details as outlined by Coralus
5
Await results
- Wait for the evaluation by the Coralus community
- Receive notification of results or further steps if selected
Processing and Agreement
- Applications are reviewed during a one-round Venture Selection process.
- Applicants receive feedback and may submit an ASK to the community.
- Selected Ventures receive onboarding and a virtual retreat.
- The loan is determined by the Venture and Development Guide working together.
Additional information
- Coralus has circulated nearly $19 million to over 190 women- and non-binary-led ventures since 2015.
- Funding is distributed through collective decision-making by community members.
- Approximately 45% of supported founders are from chronically excluded racial and ethnic groups.
- The payback rate on Coralus' unsecured 0% interest loans is 95%.
Frequently Asked Questions about the Ventures at Coralus Program
What is the Ventures at Coralus?
Coralus supports women- and non-binary-led ventures with community capital and ongoing support. The program focuses on businesses creating positive impact and systemic change for people and the planet.
How much funding can be received?
Ventures at Coralus Funds up to 45% of admissible expenses.
Who is eligible for the Ventures at Coralus program?
To be eligible for the Ventures at Coralus program, you must:
For-profit business registered in Canada
Majority women- or non-binary-owned and led
CAD 50K to CAD 2M recurring revenue
What expenses are eligible under Ventures at Coralus?
Building a for-profit venture that creates positive social or environmental impact.
Developing business models, products, or services aligned with the UN Sustainable Development Goals.
Participating in community-based venture support and collective learning.
Where is the Ventures at Coralus available?
The Ventures at Coralus program is available the province of Ontario.
Who are the financial supporters of the Ventures at Coralus?
Ventures at Coralus is funded by Coralus