The Centre for Social Innovation
is home for people CREATING A
We provide non-profits, social ventures,
community leaders and social entrepreneurs with
the spaces, relationships and knowledge they
need to grow their ideas and create impact.
In September 2012 we opened
the doors to
10,000 sq ft of space in
public housing community.
In 2010 we purchased a 36,000 sq ft building
and brought our total membership to over 300.
We became the first non-profit organization in Canada
to issue community bonds, raising $2 million to
complete the building purchase.
e opened an additional 14,000 sq ft
service to more than 120 members.
In 2004 we opened the doors to 5,000 square feet o
in Toronto, Canada in support of 14 social mission o
The model is simple:
Members pay fees in exchange
for access to space, networks and
Our members include
625 organizations and
They are tackling issues
from farming to finance
and everything in
The Community Bond is an interestbearing loan that is accessible to
unaccredited investors and can only
be issue by nonprofit organizations.
Purchased with Community
How to buy a $6.8M
building with only
$50,000 in the bank?
• Ontario Securities
Issuer prospectus and
allows nonprofits and
charities to issue securities
• Loan guarantee from City of
Toronto & secured by the
• $2M down payment through
Series A community bonds
• RSP eligible
What’s Next for the bond?
Share what we know:
The West End Food Co-op runs a local
farmer’s market in Toronto and is
dedicated to advancing the cause of food
security. They are using a super
accessible community bonds – selling at
a price of $500 each with a 2.5% interest
rate – to finance the purchase and
The banks of a new naturalmortgages to
renovation no longer allow food store in
be held inside RSP accounts.
the city’s west end.
crowdfunding focused on
Designed for social
networks & market
$10 = thank you note
$20 = + ‘spicy green’ salad mix
$25 = + button
$30 = + worm poop!
nmbcvcv$50 = + T-Shirt
$75 = + shade-cloth
$100 = + two tomato seedlings
(heirloom of course!)
$150 = gardening crash
$250 = course & all the goods!
$500 = bike tour & picnic
5-8% platform fee
~3% processing fee
Cost of supplying rewards
Catapult Microloan Program provides
loans of $5,000-$25,000 for earlystage social enterprises.
$600,000 loan program
launched in May 26 2013
feedback, support and
• 150 applications to the 4:1
• 90 eligible for Catapult
• 6 finalists identified
• 4 received loans totaling
$70,000 on September
• required capital to
purchase additional cargo
bikes & meet demand of
Social finance trends
What we’ve learned:
• Business as ‘unusual’ still requires a plan.
• Double-meaning of social is important and
both must be present for success.
Where it’s going:
• From trusted-networks to trusted platforms
• Measurable social impact