Nova Scotia Co-operative Council
Email: info@novascotia.coop
Website: http://www.novascotia.coop/
Phone: 902-893-8966
Office Headquarters Address:
347C Willow Street, Truro, NS, B2N 6C7
Background
Year Founded: 1949
Mission & Mandate: To support and promote co-ops and credit unions by providing education, innovation opportunities, marketing, and advocacy to government and industry.
Description: Nova Scotia Co-operative Council is the umbrella organization representing more than 300 co-operative businesses and credit unions in the province of Nova Scotia. We’re constantly helping groups and individuals take a shared passion and turn it into business – one that not only helps them to help themselves, but to grow the economy too.
Sectors
– Addressing Systemic Racism
– Affordable Housing
– Biodiversity & Conservation
– Business & Financial Literacy
– Cleantech
– Community and Social Purpose Real Estate
– Community Arts & Media
– Community Economic Development
– Co-operative, Community & Social Enterprise
– Education & Skills Development
– Employment & Training
– Food Security
– Gender Equity
– Green Buildings & Retrofits
– Health & Well-being
– Indigenous Social Entrepreneurship
– Microlending
– Renewable Energy
– Sustainable Consumer Products
– Sustainable Finance
– Sustainable Food, Fisheries & Agriculture
– Sustainable Resource Management Sustainable
– Transportation & Infrastructure
– Youth
Fund Characteristics
Community Impact Fund Co-operative
AUM: $164 million
Vintage year: 2003
Closing year: Active and current
Fund term: Evergreen
Asset class: Private debt, Subordinated debt, Lines of credit, Private equity, Working capital, Loan guarantees
Investor eligibility: NA
Minimum investment: NA
Geographic scope: Provincial, Nova Scotia
Committed capital: $200 million
Average investment size: $50,000 – $500,000
Investee type: All
Investment stage: All
Success Story
Co-Pharm
National | 2019
Financing: $250,000
Co-Pharm provides access to affordable prescription medications for Canadians who have no access. They have no employer benefits, no government benefits. They are cash payers. More than $9 million Canadians unfortunately fall into this category. They pay approximately 80% more for their medications as a cash payer. We are filling this gap, this need.
