Creating a social innovation ecosystem
Building on the success of its EDGE Entrepreneurship Hub — home to numerous emerging social entrepreneurs — Sheridan is proud to be taking an active role in the Government of Canada’s new Investment Readiness Program (IRP), which will see $800 million in federal funding allocated to social innovation and social finance initiatives across Canada over the next 10 years.
The program is intended to create a national ecosystem for social innovation, by providing a wide range of social enterprises with the funding and support to ideate and bring to life transformative initiatives to tackle social and environmental challenges. Under the umbrella of the Community Foundations of Canada, a series of regional consortiums have taken shape — including the Brant, Halton and Peel Regional Partnership, comprised of Sheridan and six Community Foundations: Oakville, Mississauga, Brampton and Caledon, Halton North, Burlington and Brant. The Partnership will be responsible for allocating over $1 million in non-repayable loans over the next year to charities, nonprofits, hybrid social enterprises and mission focused for-profits.
“Helping people explore entrepreneurship and changemaking is a core part of our identity,” says Sheridan President Dr. Janet Morrison. “Lending our expertise to this partnership is a tangible way for Sheridan to live out its organizational commitment to forming generative connections across experiences and disciplines, supporting intentional impact, and collectively finding answers to the tough questions facing our world.”
Entrepreneurs and social innovators at Sheridan’s EDGE Entrepreneurship Hub at the Hazel McCallion Campus in Mississauga.
"Helping people explore entrepreneurship and changemaking is a core part of our identity."
- Janet Morrison, Sheridan President and Vice Chancellor