Coralus Venture

Overview of the Coralus Venture program:

Founded in Canada in 2015, Coralus has expanded its footprint to include the US, Australia, New Zealand, and the UK. The organization has circulated nearly $19 million to over 190 women and non-binary-led ventures, with 45% of these founders coming from chronically excluded racial and ethnic groups. The payback rate on its unsecured 0% interest loans is 95%, reflecting the success and responsibility of the ventures supported. Coralus emphasizes collective decision-making, with community members, known as Activators, participating in the selection of ventures to fund. This approach democratizes funding decisions and fosters a sense of shared purpose and community involvement.

Benefits of the Coralus Venture program:

• Access to 0% interest loans.
• Inclusion in a global community of supportive entrepreneurs and Activators.
• Opportunities for collaboration and shared learning.
• Participation in a collective decision-making process.
• Support in scaling ventures that contribute to systemic change.

Eligibility criteria of the Coralus Venture program:

• Ventures must be women or non-binary-led.
• Applicants should be working on initiatives that contribute to systemic change and align with Coralus's mission.
• Ventures should demonstrate potential for impact and sustainability.
• Specific eligibility criteria may vary; applicants should refer to the Coralus website for detailed information.