VERGE Capital — Breakthrough Fund
ON, Canada
Loans for social enterprises in Southwestern Ontario
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Retail trade
- Health care and social assistance
grant_single|grantors
- VERGE Capital
- Government of Ontario
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get a loan up to $500,000 for your established social enterprise or large-scale community infrastructure that creates a significant community impact.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$500,000
Toronto
Building a new community center for local engagement and activities
$200,000
Ottawa
Establishing an art therapy program for at-risk youth
$200,000
Edmonton
Renovating an existing community café to increase accessibility
$300,000
Calgary
Developing a mobile app to connect volunteers with community projects
$400,000
Vancouver
Expansion of a local food cooperative to include more locally-sourced products
$250,000
Montreal
Launching a new environmental education program schools
grant_single_labels|admissibility
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for the VERGE Capital grant. VERGE Capital supports social enterprises in Southwestern Ontario, including for-profit businesses, nonprofits, and charities, especially those owned by historically excluded populations.
- For-profit businesses
- Nonprofits
- Charities
- Social enterprises supporting historically excluded populations
grant_eligibility_criteria|who_cannot_apply
Yes, certain types of companies may not be eligible for the VERGE Capital grant:
- Companies that do not operate in Southwestern Ontario
- Companies that do not have a focus on social impact or sustainability
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant may include:
- Start-up costs for social enterprises
- Operational expenses for existing social enterprises
- Expansion and growth initiatives
- Community-based projects
- Investments in social and environmental impact
grant_single_labels|criteria
VERGE Capital has specific evaluation and selection criteria for their grant applications.
- Demonstrated commitment to social and environmental impact
- Viability of the business model and financial sustainability
- Potential for growth and scalability
- Innovation and creativity in addressing social and environmental challenges
- Alignment with VERGE Capital's mission and values
grant_single_labels|register
- Step 1: Review the eligibility criteria and guidelines
- Content: Check if your social enterprise meets the eligibility requirements outlined by VERGE Capital.
- Implications: Ensuring that your organization aligns with the fund's focus areas and objectives.
- Step 2: Prepare your application and supporting documents
- Content: Gather all necessary information and documentation required for the application process.
- Implications: Presenting a strong case for why your social enterprise should receive funding.
- Step 3: Submit your application
- Content: Follow the designated procedure to submit your application to VERGE Capital.
- Implications: Ensuring that your application is received and reviewed for potential funding.
- Step 4: Await funding decision
- Content: Allow time for VERGE Capital to assess your application and make a funding decision.
- Implications: Being patient while your application is under review and awaiting a response.
Apply to this program
