Improving the lives of Canadians—and contributing to a more resilient society—requires breakthrough ideas and approaches. The Social Innovation Fund (SIF) supports organizations looking to strengthen their capacities in order to scale for greater impact in McConnell’s three focus areas. SIF provides support to high potential/high impact organizations and are integrated with special convenings, plus technical and peer support, through Innoweave or the Social Innovation Learning Program (SILP).
How does the SIF Fund Work?
The Social Innovation Fund supports work that is in alignment with our focus areas.
Visit the Focus Area Overview page to learn more about the three focus areas where McConnell can support Social Innovation Fund applications.
We fund community sector organizations that have proven or promising early-stage innovations and require additional support. We help them to create the capacity and conditions to effectively sustain their work.
The fund’s early stage consolidation support is intended to assist with the following types of activity:
- Strategy formulation, through participation in peer learning and/or consulting arrangements.
- Structuring, restructuring costs.
- Improvements to operational, financial and human resource systems, and other infrastructure needs.
- Impact measurement and knowledge transfer capacity – i.e. a relevant means of assessing impact and communicating the results to create broader change.
- Development of new or diversified business models to ensure long-term, stable funding.
We provide funding to established organizations already operating successful social innovations so that they scale up to meet growing demand. For organizations with over $1 million annual budget, funding helps them introduce innovations that significantly modify or complement their core business.
To apply for financial support in this category, applicants should address the following eligibility criteria:
- Are currently operating a successful social innovation which has been externally endorsed or supported, and for which there is growing demand
- Have stable management and organizational structure.
- Their board and staff are committed to a sustained effort to expand the work to new locations, and modify the operating model as necessary.
- Have committed (or realistic expectations of) funding from other sources.