Impact Innovations Program

The Impact Innovations program transforms business ideas into fundable startups that generate positive social or environmental impact through the disruptive nature of innovation. Participants in this program will work with Idea Foundry staff for up to 6 months completing a personalized work plan to bring their business to its next milestone. Select companies are also eligible for cash investment, based on the maturity of the company or idea. Our services and cash investment for this program are bundled into a loan valued between $5,000 and $25,000 USD, with NO personal guarantees or collateral.
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Through the Impact Innovations program, participants work with the Idea Foundry team for a period of 3-6 months, depending on the maturity of the idea or company to accelerate the process towards launch or growth. The Impact Innovations program includes a loan which is composed of cash investment between $5,000 - $25,000 and personalized business development services from our team, valued between $5,000 - $50,000.

Our loans are entrepreneur-friendly, with agreements tied to the business entity, without collateral or personal guarantees. We know that it is risky to work with startups, especially in their earliest stages, and we are just as committed to the businesses success as another team member.

Early stage companies often lack the full set of skills and resources needed for the success or growth of their startup, which is where we come in. We provide skills and knowledge through a structured process and tools to help develop or refine the business model, allowing the entrepreneurial team to focus on what they know best. We also utilize our network of technical, commercial, and financial resources to assist you now and in the future. Our cash investment finances resources used in developing the idea from a commercial perspective i.e. equipment, legal fees, etc. as required for development. We provide the financial support to pay the bills while you concentrate on building your start-up and accessing capital to take you to the next level.



Focus areas

Idea Foundry's portfolio focuses on impact. Our focus areas have evolved with the changing needs and priorities of the region. While the innovations and businesses we work with address specific and often complex problems, they create an impact in areas which are basic societal or environmental necessities.

Economy

Education

Environment

Food and Agriculture

Health

Safety & Security

How to apply

Applications for this program are by invitation only. We encourage interested parties to reach out and have meetings with our team.

Idea Foundry accepts inquiries for all service levels on a rolling basis throughout the year.

Before submitting an application, please contact us at info@ideafoundry.org with a brief description of your idea and needs. Our staff will get back to you to see if the program is a good fit for you.

Applications are accepted through our online application form. Click on the button below to view the application and apply.

The Idea Foundry team will get back to you within approximately 2 weeks regarding next steps.