Alberta Social Entrepreneurship Support System: Funding
Financial Support to Help Build Capacity in Social Entrepreneurship
We are currently experimenting with our funding process and welcome feedback.
This page will be updated as details evolve.
- A.S.E.S.S. Funding: Guiding Principles
- Eligibility Details
- How to Apply
* Please note, that there is an annual budget of $275,000 for A.S.E.S.S. funding. Should you submit a request for funding that exceeds the amount remaining for the current year, a Trico Foundation team member will be in contact to discuss options.
A.S.E.S.S. Funding: Guiding Principles
Social Enterprises Solve Social Problems by Transcending ‘Business as Usual’:
A New Type of Funding Relationship:
Avoiding Funder-Fundee Power Dynamics:
1. Organizations looking to apply for A.S.E.S.S. Funding must be based in Alberta and the initiative they are seeking funding for must provide social impact to Albertans.
2. Per Canada Revenue Agency (CRA) Regulations, organizations must be either:
- A qualified donee under CRA regulations (for more information on this, please visit the CRA website) or
- A non-profit organization (please note that, this is slightly more complicated if you are a non-profit but are not a Charity. If this is the case, please let us know and we will be in touch)
3. The initiative you are seeking funding for must meet the below criteria:
a) Use business models – selling a product or service – to solve social problems.
b) Be post-ideation: At the post-ideation phase an organization has a specific idea for a social venture they want to develop or grow.
c) Address a gap in society: For example, relief of economic exclusion, relief of poverty, relief of social exclusion, promoting good health or well-being, helping children and/or youth at risk, relief of the aged/seniors, gender equality, addresses environmental sustainability, enhanced peace and justice; and
d) Be taking ‘direct action’ to close a gap in society: “A direct action is one an actor takes personally in order to bring about a specific desired outcome. An indirect action is one in which the actor convinces [or helps] another person or entity to take the specific action that brings about the desired outcome.” For example, consultants, incubators or accelerators, education initiatives, or associations that achieve social impact by helping other social enterprises/ individuals achieve social impact, while laudable, do not qualify for funding.