The Ontario Catapult Microloan Fund, along with the Centre for Social Innovation (CSI), TD Bank, the Province of Ontario, Microsoft, Alterna Savings and other partners, has officially launched. What's so great about the application process is that simply by filling out one application, you'll be considered for four business incubation opportunities including Project Hach, MaRS Centre for Impact Investing's Impact 8 and Toronto and Acumen's Pioneer+TO.
If you're thinking of applying, you still have time, as the last date to apply is Friday, July 12, 2013. The fund is restricted to Ontario-based social enterprises.
Contact Information
Ontario Catapult Microloan Fund website
Ontario Catapult Microloan Fund application
Centre for Social Innovation on Facebook
CSI on Twitter
CSI on Flickr
CSI on Vimeo
Four-in-One Social Entrepreneurship Opportunities
Ontario Catapult Microloan Fund is Streamlined
Trend Themes
1. Streamlined Microloan Fund Application - This trend represents an opportunity to develop more efficient and easy-to-access microloan fund application processes.
2. Business Incubation Opportunities Consolidation - This trend represents an opportunity to consolidate different business incubation opportunities into one streamlined process.
3. Province-sponsored Business Incubation Opportunities - This trend represents an opportunity for other Canadian provinces to follow Ontario's lead in designing and funding similar business incubation opportunities.
Industry Implications
1. Social Entrepreneurship - This industry will benefit from streamlined and consolidated business incubation opportunities, as well as easier access to microloans.
2. Microfinance - This industry will benefit from the trend towards consolidated and more streamlined microloan fund application processes.
3. Government and Public Administration - This industry will benefit from replicating Ontario's efforts to create business incubation opportunities, as feasible government-backed programs.