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Community Foundation Launches Investment Readiness Program

The Community Foundation of Lethbridge and Southwestern Alberta, in partnership with the Community Foundation of Southeastern Alberta, is offering eligible organizations that are working to do good in Southern Alberta the opportunity to access a minimum of $10,000 in non-repayable capital through the Investment Readiness Program. This program is part of a national initiative led by Community Foundations of Canada and funded by the Government of Canada that will provide $18.5 million across the country to seed and grow social enterprise.

The Investment Readiness Program is open to a diverse range of organizations and businesses, including charities, non-profits, co-ops, and for-profit social enterprises. The program will provide a minimum of $10,000 in non-repayable capital for eligible organizations to design, plan, measure, and scale social enterprises to get ready to accept investment and participate in Canada’s growing social finance market.

What are social finance and social enterprise? Social finance is investment that creates a positive social, cultural, or environmental impact while also generating a financial return for investors. Through loans and investments of this type, social finance can help to give underrepresented voices a platform. Relatedly, a social enterprise is an organization that is mission-driven, aiming to sell goods or provide services to earn revenue while also helping to achieve positive social, cultural, or environmental objectives.

The Community Foundation of Lethbridge and Southwestern Alberta (CFLSA) and the Community Foundation of Southeastern Alberta (CFSEA) will lead a consortium of local partners to facilitate this new program. This consortium is comprised of Community Futures Lethbridge Region and Entre-Corp; Economic Development Lethbridge; Lethbridge College Centre for Applied Research, Innovation and Entrepreneurship; Lethbridge Indigenous Sharing Network; Medicine Hat & District Chamber of Commerce; Medicine Hat College Business Development Office; Regional Innovation Network of Southern Alberta and Alberta Innovates; Sandfly Marketing Inc.; and the University of Lethbridge Agility Program. Together, the members of the consortium will review applications and make recommendations for funding.

The consortium led by CFLSA/CFSEA will open additional application periods later in 2020. A full program description and requirements for eligibility are available online at

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