Here's who received $2.5 million in McConnell Foundation's inaugural social finance accelerator
Why It Matters
Innovative financing programs are working to meet the growing demand for capital in Canadian social impact organizations. Releasing an initial commitment of $2.5 million, the McConnell Foundation is placing funds in the hands of some of the most innovative and entrepreneurial social finance leaders.
The McConnell Foundation is giving $2.5 million to a cohort of 9 social finance leaders in Canada. The foundation – which supports innovative solutions to socio-cultural, economic, and environmental challenges through investments and grants – has identified a need for increased funding in the growing field of social finance.
The foundation’s new Solutions Finance Accelerator looks to unlock the enormous potential of the social finance marketplace. Recipients are social finance organizations funding a variety of causes, including sustainable food systems, Indigenous enterprise, and other impact-driven businesses.
The accelerator is helping to fill a gap in social finance. “As people innovate, it be
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