The VERGE Startup Fund provides loans to local early-stage social enterprises with both a solid business case and a strong community impact model. The VERGE Startup Fund lending pool was established by grants to Pillar Nonprofit Network, with administrative support provided by Libro Credit Union.
The VERGE Capital Startup Fund provides loans to local early-stage enterprises with both a solid business case and a strong community impact model. VERGE leverages our growing entrepreneurship ecosystem to create wraparound supports before, during and after financing, including the social enterprise coaching and expertise of Pillar Nonprofit Network.
For Startup Enterprises
Focus Startup social enterprises; funds must advance business operations & social purpose, (excludes feasibility studies & business plan development)Eligibility
- Operations in Southwestern Ontario
- From pre-revenue to early stage startups
- Core mission addresses a social, environmental and/or cultural challenge
Loan Terms $5,000-$100,000, flexible terms up to 5 yearsInterested in Applying?
So far, the VERGE Startup Fund has leveraged over $550,000 in local capital to support over 15 social enterprises. These community changemakers are building impactful organizations to create a vibrant, engaged and inclusive community across Southwestern Ontario.
Old East Village Grocer
Operated by ATN Access Inc., the OEV Grocer has a dual impact of providing training and employment to persons with disabilities and access to food in an underserved neighbourhood.
For the Love of Laundry
For the Love of Laundry is a social enterprise that sponsors free laundry services for low income families and individuals in need.
Textbooks for change
Textbooks for Change is a B Corporation that is dedicated to providing affordable and accessible educational material to students both locally and abroad.
With every home purchase or sale through Earmark, 20% of your realtor’s commission is earmarked for donation to London "change makers", invest in the fabric of the London community.