New funding announced for women's entrepreneurship


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:

English: https://www.canada.ca/en/innovation-science-economic-development/news/2018/10/minister-ng-announces-funding-for-womens-entrepreneurship.html

French: https://www.canada.ca/fr/innovation-sciences-developpement-economique/nouvelles/2018/10/la-ministre-ng-annonce-un-fonds-pour-lentrepreneuriat-au-feminin.html

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:

  • Supplier diversity activities that target women entrepreneurs;
  • Initiatives to support women in traditionally underrepresented sectors;
  • Networking, matchmaking, and mentorship opportunities;
  • Incubator and accelerator programs;
  • Initiatives to support the participation of diverse and underrepresented women in entrepreneurship;
  • Efforts to scale up programs that support women entrepreneurs across regions and on a national basis; and
  • Other activities that will support the objectives of the WES Ecosystem Fund.

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: https://www.ic.gc.ca/eic/site/129.nsf/eng/00003.html

Application Guide: https://www.ic.gc.ca/eic/site/129.nsf/eng/00003.html

FAQ’s: https://www.ic.gc.ca/eic/site/129.nsf/eng/00002.html