Artscape Daniels Launchpad
A new model of creative space–part incubator, part co-working space, and part entrepreneurship centre–Artscape Launchpad is 30,000 square feet of creativity, technology, and programming. Inspirit is committed to supporting diverse artists and media makers, which is why we were an early investor. Artscape Launchpad opens on Toronto’s waterfront in 2018.
For over thirty years, Artscape has created affordable, vibrant, community oriented space for artists to live and work in Toronto, and transformed communities through intentional creative placemaking. By purchasing an office space in Artscape Youngplace, Inspirit was able to create comfortable and accessible space for staff and stakeholders while supporting Artscape in its mission.
Centre for Social Innovation
The Centre for Social Innovation (CSI) is a coworking community accelerating social innovation by bringing together professionals from across sectors to deepen their positive impact. Inspired by CSI’s mandate, track record, and commitment to inclusion, we invested in a community bond to support the organization’s expansion and impact.
Community Forward Fund
By providing access to loans and financial coaching, Community Forward Fund helps charities and not-for-profits improve their current financial picture and plan for the future. We strongly believe in the value of access to capital and financial planning for purpose-driven organizations, so we became an early investor.
Climate change is leading to disastrous consequences for our world. In the interest of allocating capital to clean energy solutions that will support the much needed transition to renewable energy sources, we put our support behind CoPower, an investment platform helping Canadians invest in clean energy.
Immigrant Access Fund
Many highly skilled newcomers to Canada are not afforded opportunities because their professional credentials are not recognized. Immigrant Access Fund (IAF) provides loans to help newcomers take necessary steps to work in the field they were trained in. Meaningful employment is important to inclusion, so we provided a loan guarantee allowing IAF to extend more loans to skilled newcomers.
InvestEco Sustainable Food Fund
For the last fifteen years, InvestEco has helped investors support innovative companies working to build a healthier planet, especially in the areas of sustainable food and agriculture. With this fund in our portfolio, Inspirit supports entrepreneurs contributing to better health and environmental outcomes across North America.
Innovation Works is a collaborative community catalyzing social innovation. A project of the Pillar Nonprofit Network, we invested in Innovation Works to help support their vision of deepening positive impact through connection, collaboration, and shared space.
Investing in Oikocredit, a cooperative offering capital to microfinance institutions in developing countries, offered us a higher return than a traditional GIC, while maintaining liquidity and increasing positive impact. We feel encouraged by the positive change our investment makes in the lives of entrepreneurs, mostly women in developing countries.
Renewal Funds invests in early growth companies contributing to positive social and environmental change. With the Renewal Funds 3 portfolio, Inspirit is advancing its progress towards a low carbon portfolio, investing in companies including a technology firm managing rainwater run off and conservation technology.
Community Power Capital
Community Power Capital (CPC) finances the construction of projects operated by SolarShare, a leading clean energy co-op. By investing in CPC, we earn strong returns while our funds are used to directly finance solar projects.
The Connor, Clark & Lunn Infrastructure Fund
The Connor, Clark & Lunn Infrastructure Fund invests in civil and social infrastructure assets including roads, bridges, schools, and hospitals. The fund places a strong emphasis on energy infrastructure, such as wind and solar projects, helping Inspirit ensure we are contributing to a more sustainable and socially just future.
Youth Social Innovation Capital Fund
Young people have exciting ideas for tackling our world’s complex problems, but without credit histories or assets, they can struggle to secure funds to bring those ideas to life. Youth Social Innovation Capital Fund invests in these young entrepreneurs. By contributing to this fund, Inspirit is able to support young entrepreneurial leaders addressing social and environmental challenges.
New Commons Development
Canada is experiencing a serious shortage in affordable housing, and racialized and marginalized communities are bearing the brunt of this crisis. This is why we are investing in New Commons Development, is a non-profit development company that brings together technical resources, expertise and access to private and public capital. They work with community-based non-profits, cooperatives, government agencies and other public bodies, as well as with private developers, to create and preserve community assets with a focus on affordable housing.
SolarShare is a leading clean energy co-op that develops and owns clean energy infrastructure. Given our committment to a low carbon portfolio, investing in SolarShare allows us to make this carbon efficient transition while earning strong financial returns.