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Mastercard and Pier Five - Small Business Fund for Women-Owned Small Business
Your chance to win $10,000 CAD to support your women-owned small business. Applications due by November 5th, 2023
Mastercard and Pier Five partners for the second year running for their Mastercard x Pier Five Small Business Fund. The Mastercard x Pier Five Small Business Fund provides $10,000 CAD each in funding to women-owned small businesses in Canada and a priceless experience in Toronto with events sponsored by Mastercard.
A total of $100,000 CAD is available for ten finalists. Each finalist gets $10,000 CAD.
The eligibility criteria include
The individual applicant must (i) identify as a cis or transgender woman; (ii) be 19 years of age or older; (iii) be a Canadian citizen, a permanent resident of Canada, or hold current and valid authorization under the Canadian Immigration and Refugee Protection Act; and (iv) be the owner of the business identified in the application.
The business must have a Canadian or provincial business registration number in addition to a registered business name.
The business must have a minimum of 1 employee and up to a maximum of 99 employees.
The business must make less than $1 million CAD in yearly revenue.
The business must have been in operation in Canada for at least one (1) calendar year prior to October 1, 2023.
Each applicant consents to, and agrees to cooperate with, all legal due diligence and background checks that the Sponsors may elect to conduct on the individual applicant and/or the business.
All individual applicants and businesses are subject to review and approval by Sponsors, in their absolute discretion, to determine their eligibility for a Fund.
Limit of one submission per person and per business. If a business has two co-owners, both of whom meet the individual eligibility criteria, then only one submission may be made by one of the co-owners on behalf of both co-owners.
The applications exclude
Employees, representatives or agents of Sponsors, their parent, affiliated or related companies, subsidiaries, divisions and all advertising, media buying and promotional agencies, and any businesses that these individuals own or are affiliated with, are ineligible, as well as members of the immediate family of, or persons domiciled with, any of those described above.
Recipients of a prior fund or grant from Mastercard, Pier Five, American Express, Visa, Union Pay, Discover, PayPal or Interac prior to October 1, 2023 are also ineligible.
Franchisees, non-for-profit entities, charitable entities that can apply and/or receive government funding, or are religiously or politically affiliated are also ineligible.
HOW TO APPLY
For more information, view the original article and eligibility rules on the Pier Five Website. Click the link below to navigate the site and submit your application.
Applications for this fund are due by Sunday, November 5th, 2023.
As always, we will keep you posted on any relevant grant programs and contests for small businesses and organizations within the province.
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In the meantime, if you are looking for a place to find black-owned, indigenous-owned, and small businesses in Ontario, you can subscribe and be notified when our beta launches later this year.