On October 19, 2018, Minister Ng announced funding for women entrepreneurship under the Women Entrepreneurship Fund (WES Fund).
The WES fund will invest $20 million over two years to help women-owned and women-led businesses grow and reach export markets. It will provide successful applicants with up to $100,000 in funding (non-repayable contribution) they can use to grow their existing businesses. Here’s a link to new releases:
The funding announced Friday compliments the funding to support the Women Entrepreneurship Strategy Ecosystem Fund (WES Ecosystem Fund) for non-profit organizations.
The WES Ecosystem Fund is investing $85 million over five years to strengthen capacity within the entrepreneurship ecosystem and close gaps in service for women entrepreneurs. Projects must be led by non-profit organizations (including social enterprises and cooperatives) and be inclusive of the needs of diverse and under-represented women.
The WES Ecosystem Fund seeks to address gaps and build capacity in the entrepreneurship ecosystem for women. Under this Initiative, activities could include:
For more information on the WES Ecosystem Fund, please see the content available online: https://www.ic.gc.ca/eic/site/129.nsf/eng/home
Application Guide: https://www.ic.gc.ca/eic/site/129.nsf/eng/00003.html