Coralus Venture - Regenerating pay-it-forward pool of funding
How is Venturing with Coralus Unique? By design, Coralus has created a regenerating pay-it-forward pool of funding (what we call a perpetual fund) in each country that has been contributed to over the years by thousands of Activators contributing $1100 each (or twelve monthly payments of $92); or £850 (or twelve monthly payments of £71) for the UK Each year, that funding is pooled and then loaned out in the form of a 0% interest, 5 year loan to women-and-non-binary led Ventures democratically voted on by Activators. As the money is paid back into the fund, it's loaned out again to support more Ventures each year.
Grant Deadline
Deadline not available
Funding Amount
Deadline not available
Type of Grant
Loans
Sectors
Demographics
Women, LGBTQ2+
Incorporation
For Profit
Perks
Mentorship, Networking, Coaching
Region Restriction
This grant is restricted to whole of Canada This grant is restricted to whole of Australia This grant is restricted to whole of United States This grant is restricted to whole of New Zealand This grant is restricted to whole of United Kingdom
Keywords
Age Restriction
This grant is age restricted from 18 to 100
Eligibility and Requirements
Application Criteria
Our criteria is simple. You do not need to be an Activator to apply to be a Venture, and we are agnostic about age. sector, or structure.
- Company must be working on creating a better world through their business model and/or product and service as defined by the UN Sustainability Goals.
- Majority owned (51%+) by cis* or trans woman, non-binary, gender-fluid or gender nonconforming people.
- Majority led by a cis* or trans woman, non-binary, gender-fluid or gender non-conforming person. For Coralus (formerly SheEO), “led by” refers to the senior leadership role of CEO/ President.
- You have generated between $50K – $2M in Australia, New Zealand, Canada or the USA, or £40K - £2M in the United Kingdom, in recurring revenue, from customers, in the last 12 months. If you are a not-for-profit or charity that generates revenue and can pay back a loan over 5 years, then you can apply.
- Your Venture is registered as a legal entity in the region for which you are applying and has export potential.
*Cis refers to someone whose gender corresponds to their assigned sex.
Grant Application website
Contact
To obtain more contact details and further information, please visit the Coralus website at https://www.coralus.world/.