Enterprising Non-Profits Alberta (enp-AB) and Capital One Canada announced the expansion of an innovative program for Alberta youth and non-profits servicing youth. The Capital One Youth Entrepreneurship Fund will be available starting June 2013 and will provide grants to support the development of revenue-generating enterprises across Alberta, to enhance their programs or services, or as a way to stabilize and diversify a charity’s funding base.
In a historic collaboration, seven regional non-profit organizations have come together to launch Enterprising Non-Profits Canada / enp-Canada. In the past, local enp sites have offered business planning and technical assistance to non-profit organizations wishing to develop, launch and grow social enterprises. enp-Canada will now provide a platform for synthesizing those efforts, collecting insights and promoting further partnerships in the advancement of social enterprise in Canada. Social enterprises are businesses operated by non-profit organizations for the blended purpose of creating social value and generating income from sales.
Trico Charitable Foundation is receiving over $1.5 million in federal government funding for its Enterprising Non-Profits Canada project. This project will test the ability of not-for-profit organizations to leverage non-federal government funding to address social challenges. Trico Charitable Foundation will support the development of the social enterprise sector by coordinating and pooling ideas and resources across the country.