The City of Toronto along with the Toronto Community Foundation have created the Green Innovation Award – $50 000 in seed funding for innovative businesses offering green products or services. The available seed grant is shared by one or more winners as decided by grant review committee.

The purpose of the Green Innovation Award is to inspire entrepreneurs to pursue green business models that serve as solutions to environmental challenges and to assist in taking green business at the seed stage to the market.

Established businesses are not eligible, however eligible applicants can be individuals, students, inventors or non-profit organizations. Each applicant may only submit one idea.

The application is a 2 stage process, the first stage being applying online with a 1-2 page project proposal; in the second stage selected applicants will be required to present a business plan and present their idea to a panel of judges.

The Green Innovation Award falls under the Toronto government mandate for a better cleaner Toronto. The Toronto Community Foundation is a charitable organization dedicated to improving Toronto; it does so by serving as an umbrella organization that pools organizational capacity resources as well as charitable gifts of donors to create endowment funds and using the investment income to make grants.

More information can be found at www.tcf.ca