2025 Coop Innovation Awards
Ends on
Please complete the following application by June 12, 2025 (12:00am EDT) to be considered for a one (1) year grant of up to $50,000 from Capital Impact Partners and National Cooperative Bank. The grant will fund organizations and businesses that are using the cooperative model to foster economic opportunity and address issues facing their community. The grant funding should be used to amplify innovative models that can be replicated locally, regionally, or nationally. Priority will be given to co-ops where the majority of members of the community served are living with low incomes. The award is intended to support early-stage projects and provide catalytic capital that will attract other funders. Funding will be awarded for specific projects and not for general operating funds for the organization. Eligible organizations selected from respondents will be invited to final documentation by July 31, 2025.
The uses of funding include, but are not limited to:
- Financial projections
- Project scope and design
- Feasibility analysis
- Operational and staff costs
- Training development
- Leadership and professional development
- Tools and technologies
- Outreach and marketing
- Contractors or consultants
The top applicants will be asked to provide additional documentation to the review committee within 21 days of notification including:
- W-9 dated within the last 12 months
- Articles of Incorporation, Articles of Organization, or similar formation documentation appropriate to entity type
- Bylaws, Operating Agreement, or similar governing documentation appropriate to entity type
- 501(c)(3) Determination Letter (if applicable)
- Most recent financial statement (audited if available)
- List of current funders
For more information, you are invited to attend one of the following webinars:
May 28, 2025 2:00-3:00 PM EDT Register in advance for this webinar:
https://momentuscap-org.zoom.us/webinar/register/WN_J0j1dfRXSWqTXesGuQAyQA
June 4, 2025 1:00-2:00 PM EDT Register in advance for this webinar:
https://momentuscap-org.zoom.us/webinar/register/WN_is3xUWSQSjSfyg-_xk4m_Q
Further inquiries may be directed to apowers@capitalimpact.org.