The Investment Readiness Program (IRP) is a funding opportunity for organizations that have a social purpose to help launch, design, measure and scale their organization or project to get ready to access social financing. As an IRP expert service provider, Pillar is committed to promoting the fund to our network and supporting applications.
The funding is flexible and supports activities that help you become investment ready, such as:
- Business Planning
- Financial Modelling
- Impact Measurement
- Legal Services
- Market Analysis
Preparing Documents & Business Plan to Approach Funders/Financers
You will work with an expert service provider(s) of your choosing to help explore, test, launch or scale your revenue and impact. Pillar Nonprofit Network is an expert service provider for the IRP, providing business planning, market analysis, governance training, financial modelling and other services to help you become investment ready. We are currently supporting five enterprises through the IRP fund and would be happy to help you find an expert service provider that is the right fit for you.
Who qualifies for IRP funding?
You may qualify if your organization is mission-driven, aiming to sell goods or services to earn a revenue while also helping achieve positive social, cultural or environmental objectives.
Charities, non-profit organizations, co-ops and businesses with a social impact may all qualify. Examples of eligible projects include:
- A farmshare co-op
- A charity that runs a catering service and provides culinary training for marginalized youth
- A business that sells recycled footwear in order to reduce waste and funds environmental programming
- A store that offers local artisans credit to purchase food in exchange for their crafts
Eligible organizations can receive $10,000 to $100,000 in non-repayable funds to develop, design, measure and scale their social purpose organization or project in order to get ready to accept investments. The IRP can assist organizations at any stage, from refining an idea to scaling up and preparing for investments.
Applications open September 8th and close October 9th, and can be accessed through your local community foundation.
WE ARE HERE TO HELP!
As an IRP expert service provider, Pillar is committed to promoting the fund to our network and supporting applications. For more information on our investment readiness services and/or support in your IRP application contact email@example.com. Click here to learn more about how we can help you on your social enterprise journey.