The government of Ontario is launching two programs that will help social enterprises access the capital, training and expertise they need to grow and scale up their businesses.
The ONE Social Enterprise Partnerships is a new initiative designed to help social enterprises access business supports through the Ontario Network of Entrepreneurs (ONE), including regionally focused training, mentorship and business fundamentals to start and grow their businesses.
The province is also launching the second round of the Social Enterprise Demonstration Fund, which will provide funding to not-for-profit organizations with expertise in supporting social enterprises. These organizations will, in turn, use the funding to support financially sustainable and scalable social enterprises. The fund will address key challenges faced by social enterprises, such as access to capital and the resources they need to get their ventures off the ground.