Momentum Fund

The Desjardins Momentum Fund is a national initiative that offers non-repayable grants of up to $20,000 to help individuals and organizations carry out personal, professional, or community development projects that support financial independence, social inclusion, and employment.

Desjardins

Overview of the Momentum Fund program:

Administered by Desjardins Group, the Momentum Fund is designed to empower individuals who face financial or social challenges by supporting projects that promote self-sufficiency, entrepreneurship, skills training, or workforce reintegration. The fund also supports organizations and community initiatives aimed at reducing exclusion and increasing access to economic opportunities. Applications must be submitted through a community partner organization such as a nonprofit, educational institution, employment support agency, or cooperative. These partners play a key role in helping applicants develop proposals and submit them to Desjardins for review.

Benefits of the Momentum Fund program:

Up to $20,000 CAD per individual or project
Provides flexible, meaningful financial support for life-changing projects
Designed for individuals and communities who face economic or social exclusion
Encourages:
- Entrepreneurship and self-employment
- Skills development and training
- Return to work initiatives
- Inclusion and diversity in the workforce
Delivered through community partnerships to ensure projects are relevant and supported
No repayment, no interest, and no credit checks required

Eligibility criteria of the Momentum Fund program:

Eligible Applicants Must:
Be residents of Canada (all provinces and territories now appear eligible)
Be referred by a community partner organization
Face barriers such as:
- Low income
- Unemployment
- Newcomer status
- Disability
- Racial or social marginalization
- Lack of access to traditional credit or training
Present a project that enhances:
- Employment readiness
- Business viability
- Educational attainment
- Financial independence
Eligible Project Types Include:
Small business startup or recovery
Job training or credentialing
Equipment or supplies for work
Community programming to support economic inclusion
Bridging services like transit or daycare for working parents