One x $5000 micro-grant available

To be granted to an entrepreneur who has successfully launched a novel product that offers a significant advancement  in its business’ industry category.

Product Innovation Micro-grant additional eligibility: New product must be already on market and generating revenue.

The Innovators & Entrepreneurs Foundation (IEF) Micro-grant program is designed to provide a financial boost to Canadian small and medium-sized businesses (SMEs) that are already operational, generating revenue, and who need a financial boost to improve their business operations.

The goal of the IEF Micro-grant program is to support founders belonging to equity-deserving and/or racialized communities across Canada overcome financial obstacles and achieve growth, sustainability, and success in their businesses.

IEF Micro-grants offer its recipients a business cash injection to be used to fund various business activities such as marketing campaigns, digital enhancements, employee training, international expansion, equipment upgrades, and more. IEF collaborates with its micro-grant partners and sponsors to determine the eligibility requirements for each micro-grant category.

Open call for applications for the Fall 2023 micro-grants will run from October 2, 2023, 9am ET to 11:59pm PT on November 12, 2023. All applications must be submitted through the charity’s website portal.