Ontario, Canada is making it easier for businesses that produce positive social or environmental impacts, along with a sustainable financial return, to grow and succeed.
The province, in partnership with the Network of Angel Organisations–Ontario (NAO-Ontario), is launching the Impact Angel Alliance. The Alliance will encourage more investors to help kick-start promising, high-growth social ventures in Ontario. This will be Canada’s first impact investing angel network.
The Alliance will work with NAO-Ontario to:
• Raise awareness of social ventures among established angel investor groups.
• Help diversify angel group membership to help bring in more women, visible minorities, and new immigrants.
• Bring together angel groups and non-traditional funding partners to increase co-investment into social ventures in priority areas, such as community health and sustainable craft industries.
• Research emerging trends, challenges and opportunities in impact investing to reduce risk, save time and attract better opportunities.
“We want to encourage investors to target businesses that focus on achieving more than just profits – by placing their money into businesses that also positively contribute to social or environmental benefits in Ontario,” says Brad Duguid, Minister of Economic Development, Employment and Infrastructure.
