DELIA - Develop. Educate. Lead. Innovate. Accelerate.

DELIA provides fintech-driven loans and entrepreneurial acceleration for Women-owned and Women-led ventures across rural Eastern Ontario.

Delivered by:

Northumberland Community Futures Development Corporation

Women Entrepreneurship Strategy

With the support of the Government of Canada through the Federal Economic Development Agency for Southern Ontario
DELIA loans powered by:

Corl Technologies
Corl Financial Technologies

Delivered in partnership with:
SingularityU Canada


Telus Business




  • $25,000-$50,000 loan
  • Interest rate up to 10%
  • 1.5% loan administration fee
  • 36-60 month amortizations
  • No prepayment charges
  • Flexible terms
  • Online application, instant decision
*additional eligibility criteria, terms and conditions apply
  • $7,500 in Wrap-Around Services
  • 200+ coaching and mentoring hours
  • Valkerie growclass
  • SingularityU Canada Leadership Certificate
  • N100: Artemis Edition
  • Perks Bundle
*for the first 30 participants in our inaugural cohort


Limited time offer – 30 spaces available on a first-come first-served basis!

Click here for documents you will need.

DELIA makes it quick and easy for you to apply online for access to capital to START, GROW or EXPAND your innovation-driven, Women-owned and/or Women-led business, located in Rural Eastern Ontario.

“DELIA is about calibrating our lending to innovative, women entrepreneurs using contemporary financial technologies. Yet, it is not just a matter of fintech. We will work closely with a cohort of up to 30 high-potential women-led firms in enhancing their competitive development and scale-up through an all-inclusive suite of entrepreneurial support services and training. With partnerships developing in Eastern Ontario, we are confident the DELIA project will harness the full potential of women led businesses in driving economic prosperity in our rural areas.”

Wendy Curtis, Executive Director
Northumberland CFDC

Read more about DELIA
DELIA prioritizes investment in innovative Women-owned and women-led enterprises in rural Eastern Ontario as part of an inclusive and equity-based strategy for economic development and diversification. The objective of DELIA is to close existing service and access to capital gaps in Eastern Ontario to help to ensure under-represented women successfully can start, scale up and expand their innovative high-growth-potential ventures with dedicated financing and strategy services. It is expected that DELIA will have two cohorts by 2023 and will support a minimum of 30 businesses.

The Women Entrepreneurship Strategy (WES) of the Government of Canada is encoded in DELIA’s Fintech-driven lending model developed in partnership with CORL. Our loan automation and credit engine uses Artificial Intelligence, Machine Learning and Bank Level Security in order to streamline funding opportunities. Northumberland CFDC provides an easy, online application process and instant pre-approval decisions on commercial loan applications from $25,000 to $50,000 (with requests in increments of $5,000).

Successful loan recipients will be automatically inducted into a mandatory concurrent entrepreneurial and training program providing advisory and support services, networking opportunities, accelerator space, and skills development both virtually and on location at the Venture13 innovation and entrepreneurship centre in Cobourg, Ontario.

In delivering this initiative with the support of the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) Northumberland CFDC is fully committed to diversity and inclusiveness. Women-owned and Women-led enterprises remain underrepresented in the Canadian economy, however, they experience faster growth relative to men-owned enterprises (Source: Statistics Canada). Now is the time to strive for the potential of equity in gender participation in economic advancement.

CLICK HERE to download the DELIA sell sheet.
The DELIA term sheet
The standard DELIA loan normally includes the following:

  • Loan amount: $25,000-$50,000 in $5,000 increments
  • Interest rate: up to 10% based on risk rating
  • Amortizations range from 36-60 months
  • 1.5% loan administration fee
  • No prepayment charges
  • 36-60 month amortizations
  • Flexible terms

DELIA Training and Development Wrap-Around Services

DELIA is much more than a fintech-driven business loan and offers an opportunity to CONNECT, DEVELOP and EMPOWER your business through exclusive entrepreneurial development and training opportunities for our inaugural cohort of the first 30 participating companies.

Monthly Coaching and Mentoring Sessions

Access to 200+ hours of 1:1 mentoring and coaching covering a variety of business topics and success drivers.

Technical Group Training

Get down to the basics and learn core entrepreneurial competencies (including financial management) in the DELIA classroom (in-person or virtual) at Venture13.

Experiential Learning and Events

Premiere DELIA cohort events, networking and entrepreneurial development opportunities delivered by Valkerie (growclass) and SingularityU Canada (Leadership Certificate).

Accelerator Perks

Gain access to our special DELIA Accelerator Perks Bundle through our partners, including TELUS, IBM and Mathworks.

Wrap-around Services

We will invest in your business growth with $7,500 in funded 1:1 Wrap-Around Services across financial management, sales and marketing. DELIA gives you 200+ dedicated coaching and mentoring hours.

N100 Evolution: Artemis Edition

All DELIA participants are pre-qualified for N100 Evolution: Artemis Edition. Compete for up to $250,000 in total investment.
DELIA Accelerator Perks Bundle

Through DELIA, you will gain access to our DELIA Accelerator Perks Bundle. Unlock the following opportunities from our corporate partners:

  • From TELUS: a twelve-month TELUS LTE-M Starter Kit and support from TELUS Business, enabling developers and tech companies to rapidly prototype cellular-connected IoT devices on their LTE-M network.
  • From IBM: Soft Landings Program, up to $5,000 in travel reimbursement and local IBM Incubator support, for customer development activities, one year free subscription to the IBM Cloud Platform — $120,000 credit.
  • From MathWorks: free one-year software licenses from our official sponsors: MathWorks (MATLAB, Simulink and all other products with full technical support).
  • From Venture13: Soft landing at Venture13 with a free twelve-month trial membership hot seat in the V13 VentureZone co-working space. Includes collaborative space, fibre connection, reception services, secure 24/7 access, EV charging station and more.

Additional perks to be announced. Please contact Erika Seggie if you would like to sponsor the DELIA cohort.

Who can apply
To apply to DELIA your business must be:

  • Women-owned and/or Women-led
  • Located in rural Eastern Ontario
  • Innovation-driven

In addition to being on an innovation track, your business must qualify as operating in one of the following sectors identified by the Government of Canada:

  • Advanced Manufacturing
  • Agri-Food
  • Health/Bio-sciences
  • Clean Technology
  • Digital Industries
  • Resources of the Future (forestry, water, etc.)

You must be willing to commit to participate in mandatory concurrent entrepreneurial training and development (including in-person and virtual components).

Competitive applications will be received from startups or existing business with high growth potential.

Priority applicants
Northumberland CFDC is committed to inclusivity and equity in community economic development. Prioritization will be given to applications from owners and leaders from the following diverse groups:

  • Located in a rural or remote area
  • Indigenous
  • Official language minority community (French)
  • Persons with disabilities
  • Recent immigrants or newcomers
  • Visible minorities


Limited time offer – 30 spaces available on a first-come first-served basis!

Click here for documents you will need.

DELIA makes it quick and easy for you to apply online for access to capital to START, GROW or EXPAND your innovation-driven, Women-owned and/or Women-led business, located in Rural Eastern Ontario.

The Application Process

Applications will be received on an open and continuous intake basis until the DELIA fund is subscribed. Participation is subject to availability of funding.

1. Pre-Screening

Quickly see if you are a fit for DELIA

AVG time: 5 min

2. Credit Application

Powered by Corl Financial Technologies
AVG time: 15 min

3. Pre-Approval

Find out immediately if you qualify or are placed in review
AVG time: 15 min

4. Closing

Final due diligence, sign and execute loan agreement
AVG time: Net of two weeks

5. Disbursement

Your loan funds arrive in your bank account

6. Training Begins

Mandatory concurrent entrepreneurial development starts with onboarding and orientation

Wrap-Around Services are available to the first 30 successful DELIA loan recipients.

Documents required to complete your online DELIA loan application

Please have the following documents ready to upload:

  • Passport or Driver’s License
  • Business Bank Account online sign in information (username and password)
  • Concurrent business performance metrics (e.g. sales, expenses, gross margin calculation)
  • Business plan (a concise document outlining major planning assumptions)
  • Articles of Incorporation/Business Registration
DELIA – About the Brand
DELIA is derived from the acronym: Develop, Educate, Lead, Innovate and Accelerate, which defines the nucleus of the DELIA project and outlines our offering to Women-owned and Women-led business in rural Eastern Ontario. The next layer of meaning derives from Artemis, the Greek goddess of the hunt. DELIA is one of her many and diverse titles, meaning ‘from Delos’, the island where she was born. When you think of DELIA, think of a strong deal for women. With the support of the Government of Canada’s Women Entrepreneurship Strategy, we are pursuing greater gender equity in business development and economic advancement across the region. The DELIA brand encompasses all of this and more.

DELIA Leadership


Wendy Curtis
Executive Director

Susan Carmichael
Investment Committee Chair

Kim Botrie
DELIA Loan Manager

Erika Seggie
Marketing & Communications

Judy Selvig
Business Development Officer

DELIA Developers:

Derek Manuge, CEO

Daryl Thomas, CEO

John Hayden, Venture Catalyst

DELIA Partners and Champions:

Sarah Stockdale, Founder

Oren Berkovich, CEO

Susan Watkin, Founder

Ruth van Vierzen, Founder

Marquis Murray, Founder

Kassia Clifford, Director

How long does it take to be approved for a DELIA loan?
The full application typically takes up to twenty minutes to complete. If your application is pre-approved, the final process to close the loan and disburse the funds typically takes two weeks.
What happens if I am declined for a loan?
If you are not successful in your DELIA loan application, Northumberland CFDC will work to assist you in finding alternative lending solutions. This may include automatically referring you to your local CFDC to continue the conversation.
What if I need more than $50,000 or less than $25,000?
The loan amount ranges for the DELIA loan product are fixed. If you require a smaller or larger loan, we encourage you to speak to your local CFDC for additional lending solutions.
What is a CFDC?
A CFDC is a Community Futures Development Corporation. With the support of the Federal Economic Development Agency for Southern Ontario, CFDCs deliver the Community Futures (CF) Program, a community-driven, economic development initiative designed to assist communities in Canada’s rural areas to develop and implement strategies for dealing with a changing economic environment.

Community Futures organizations offer a wide variety of programs and services supporting community economic development and small business growth:

    • Strategic community planning and socio-economic development
    • Support for community-based projects
    • Business information and planning services
    • Access to capital for small- and medium-sized businesses and social enterprises.

These community-based, not-for-profit organizations are staffed by professionals and are each governed by local volunteer boards of directors familiar with their communities’ needs, concerns and future development priorities.
How do you define “Rural Eastern Ontario”?
Rural Eastern Ontario is defined by the Federal Economic Development Agency for Southern Ontario as the following Statistics Canada Census regions, and Census subdivisions:

Stormont Dundas & Glengarry, Prescott and Russell, Leeds and Grenville, Lanark, Frontenac, Lennox and Addington, Hastings, Prince Edward, Northumberland, Peterborough, Kawartha Lakes, Haliburton, and Renfrew; as well as the following Census subdivisions: Durham: Brock, and York: East Gwillimbury, Georgina, and Chippewas of Georgina Island First Nation.

To view this on a map Click Here
How do I find my local CFDC?
You can locate your local CFDC here:
What do you mean by “innovation”?
The CFDCs of Eastern Ontario have defined “innovation” as follows:

Innovation generates value through the successful creation and commercialization of a new product or service, the application of a new process, the adoption of new technologies, models, structures or methodologies, access to new markets, or implementation of new ways to collaborate and communicate. It is focused on making businesses, organizations and communities more adaptive, effective, profitable, and sustainable by creating new wealth, new jobs and contributing to economic advancement and the industries of the future.
What if I don’t want to participate in entrepreneurial development?
Participation in entrepreneurial training and development is mandatory for the first 30 DELIA loan recipients. If you have concerns about your ability to participate in virtual and in-person training opportunities, please contact us with your concerns and specific expectations and we will evaluate potential solutions. Please email us at or call us toll free during regular business hours (8:00am to 4:00pm EST) at 1-866-670-1191.
What is the source of funds for DELIA?
NBDA Corp (Northumberland CFDC) has capitalized the DELIA loan portfolio. The initiative is delivered by Northumberland CFDC with the funding and support of the Government of Canada through the Women Entrepreneurship Strategy (WES).
Who is Corl?
Corl is a Canadian fintech company based in Toronto and Montreal. CEO Derek Manuge was named to the Top 25 innovative lender list by the Canadian Lending Association. Corl provides the credit engine that makes rapid online decisions possible. For more information, please visit their official website:
What if I haven’t registered my business?
Let’s discuss further. Please send us an email with your eligibility questions: or call us toll free during regular business hours (8:00am to 4:00pm EST) at 1-866-670-1191.
What about the confidentiality of my application?
Please review our Privacy Policy and Terms of Use. Information is collected for the limited purpose of assessing your application to DELIA. If you authorize us to refer your application, we may share basic applicant information with our trusted network of lenders, such as Eastern Ontario CFDCs and the Business Development Bank of Canada.
How is the DELIA decision made?
DELIA decisions are made based on a proprietary credit model that analyzes multiple dimensions and variables and taking into account the Government of Canada’s Women Entrepreneurship Strategy priorities.
Will a DELIA application affect my credit score?
Pre-screening does not affect your credit score. Completing the full credit application will result in a credit enquiry. For more information about how loan applications affect your credit, read this helpful article from Equifax (click here).

Key Dates

Please follow us for news and updates as additional events and opportunities are announced by the DELIA team.

March 9, 2020
DELIA launch.

More dates will be announced soon.

For more information regarding DELIA, please contact Northumberland CFDC today.

DELIA - Develop. Educate. Lead. Innovate. Accelerate.

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With the support of the Government of Canada through the Federal Economic Development Agency for Southern Ontario