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Toronto Main Street Innovation Fund

Up to $25,000
Type
Application Difficulty
EASY
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program offers grants ranging from $25,000 to $100,000 to help you address challenges your business faces on main street. With a focus on innovation and creativity, you can use the funding for projects like community placemaking, technology upgrades, or organizing street events. The best part? There are no strict payback conditions, allowing you to invest every dollar into enhancing your business and supporting your community.

Applying for this funding gives you a chance to boost your business while contributing to a vibrant main street atmosphere. A lively environment attracts more customers, benefiting not only your operations but also your neighbors. This is a valuable opportunity to take your business to new heights and be an integral part of community growth.

Financing Details

This program offers grants to eligible participants. The grants range from $25,000 to $100,000, depending on the project specifics. Importantly, these grants do not require repayment, so they can provide a significant boost to your business without the burden of debt.

Eligible Expenses

The funds can be used for a variety of projects that enhance main street vibrancy. Eligible expenses include:

  • Community placemaking activities
  • Main street activations
  • Technology improvements

Restrictions and Fees

The funds cannot be used for general operating expenses or activities unrelated to the specific projects supported by the program. Additionally, there are no application fees; however, it's important to note that any additional costs incurred during the project, outside of the grant coverage, would need to be managed by your organization.

Qualifications

  • Location:

    • Must be based in Toronto.
  • Eligibility:

    • Open to Business Improvement Areas (BIAs) and not-for-profit organizations.
  • Sectors:

    • Available to businesses across all sectors.
  • Employee Requirements:

    • No minimum or maximum number of employees required.
  • Revenue Requirements:

    • No minimum or maximum revenue qualifications.
  • Legal Structure:

    • All legal structures are applicable.
  • Profit Structure:

    • All profit structures are applicable.

Disqualifications:

  • None specified in the context provided.

Description

You can receive grants from $25,000 up to $100,000 through this program to help tackle challenges your business faces on main street. This funding is designed specifically to support innovative and creative solutions that can enhance the vibrancy of your area. You can use the money for projects that focus on community placemaking, technology upgrades, or organizing street events to attract more customers.

The great thing about this program is that there are no strict payback conditions. This means you won’t have to worry about repaying the funding you receive, allowing you to invest it fully into your business and your community. This is a prime opportunity to take your business to the next level while also benefiting your neighborhood.

By tapping into this funding, you're not only improving your own business but also contributing to a lively and inviting main street atmosphere that can attract more foot traffic and support overall community growth. This is your chance to innovate and shine!

Program Steps

  1. Visit the Program Website: Go to the official program website to gather detailed information about the application process.

  2. Prepare Your Proposal: Outline an innovative project idea that addresses challenges your business faces on main street. Highlight how it will benefit your business and the community.

  3. Gather Supporting Documents: Collect the necessary documentation to strengthen your application. You may need:

    • A detailed project proposal
    • Business registration documents
    • Financial statements (last two years)
    • Evidence of community support or engagement
    • Project timeline and budget breakdown
  4. Complete the Application Form: Fill out the application form carefully, ensuring all sections are complete and accurate.

  5. Submit Your Application: Send your proposal and all required documents through the application submission portal outlined on the program website.

  6. Follow Up: After submission, keep track of your application status and be ready to provide any additional information if requested.

Visit Program Website