TORONTO, May 16, 2014 /CNW/ - On March 20, 2014, a total of six (6)
provincial regulators announced two main proposals for new Crowdfunding
prospectus exemptions that would allow early stage companies such as
start-ups and SMEs to raise up to $1.5 million of capital online
through the issuance of securities.
This represents a significant leap forward and positive progress for
Crowdfunding advocates such as the National Crowdfunding Association of Canada (NCFA Canada), who have been working diligently with key industry
stakeholders, government, regulators, media, eco-system partners and
academia, since launching in October 2012, to provide education,
research and valuable input into the development of a viable 'made in
Canada' framework.
To foster crowdfunding awareness , education and to encourage
participation in various provincial regulators request for comments on
the proposed equity crowdfunding exemption, portal registration
framework and general comments, the NCFA has announced a series of
'must attend' events in key cities leading the way for Canada to become
a world class crowdfunding centre. To learn more about emerging equity
crowdfunding regulations and to participate in the formal public
comment process, please visit http://ncfacanada.org/.
Event Wrap-up: Successful NCFA Toronto Kick-off Event Held on April 16,
2014 to Sellout Crowd: Igniting Entrepreneurship and Capital Flow in
Ontario
On April 16, 2014, the NCFA kicked off a cross-canada tour to ignite
venture capital and entrepreneurship in Toronto to a sellout crowd held
at the Ontario Investment and Trade Centre. This timely and on-topic
event was co-hosted with the City of Toronto, and provided an engaged
audience with four curated perspectives including a regulatory briefing
of the proposed new equity crowdfunding exemption in Ontario and portal
registration framework, legal issues, investment opportunities, and
portal perspectives. This successful event brought together a diverse
range of expert speakers to discuss key topics who delivered
substantive content that fueled open forum questions and extended the
event well into networking time. Distinguished panelists included Jim
Turner, Vice Chair Ontario Securities commission OSC, Gerard Buckley, Chairperson, Maple Leaf Angels Corporation and Managing Director, Jaguar Capital Inc., Jos Schmitt, Chief Executive Officer, Aequitas Innovations, and John Wires, Founder of Wires Law. View NCFA Toronto event pics and a follow-up post by Gerard Buckley here.
Upcoming NCFA Canada Equity Crowdfunding Events
Vancouver, May 21, 2014: Igniting Venture Capital in BC: Expert Panel on New Equity Crowdfunding
Opportunities (more info).
This event is co-hosted by the National Crowdfunding Association of Canada and the Vancouver Economic Commission and sponsored by FundRazr, Canada's leading Crowdfunding Portal that has raised in excess of $50
million, and Optimize Capital Markets, Canada's longest running equity crowdfunding portal, to be held from
8:00am - 11:00am (PST) in Vancouver at the Delta Suites (Innes Thompson
room). Join us and our premier panel of industry, eco-system,
technology, innovation, legal, regulatory, portal and provider experts
to discuss key views and insights on Crowdfunding exemptions enabling
businesses to raise venture capital in BC.
Premier Panel:
Bill Tam - BC Technology Industry Association
Paul Geyer, CEO, LightIntegra Technology and Chairman, Neovasc
Alixe Cormick - Venture Law Corporation
Leslie Rose - BC Securities Commission
Jonathan Bixby - GrowLab
Ian G. McKay - Vancouver Economic Commission
Daryl Hatton - FundRazr
Matthew McGrath - Optimize Capital Markets
Tickets are limited. For more information on how to register, please
visit
https://www.eventbrite.ca/e/igniting-venture-capital-in-bc-expert-panel-on-new-equity-crowdfunding-opportunities-tickets-11482864557
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Saskatoon, May 28, 2014: Leading the Way - Saskatchewan's Emerging Equity Crowdfunding
Environment (more info).
This event is hosted by the Greater Saskatoon Chamber of Commerce and Presented/sponsored by the National Crowdfunding Association of Canada, Financial Consumer Affairs Authority, McKercher LLP, IndieInk Publishing, University of Saskatchewan Industry Liaison Office, and Square One.
Saskatchewan is the first and only Canadian province to have approved an
equity-crowdfunding specific exemption from securities law to raise
capital, and on May 28th will launch its first marketplace and equity crowdfunding portal. As
Canada's entrepreneurial hot spot, Saskatchewan leads the way in this
newest niche in the financing continuum. If you're an entrepreneur
seeking capital, an angel investor interested in equity crowdfunding,
or a service-provider wondering how the equity Crowdfunding industry
might benefit you, this is the event to attend.
Featured Speakers:
Special Guest: Alixe Cormick (Venture Law Corp., Vancouver)
Dave Wild (Chair, FCAA)
Les Schaevitz (Owner, New Equity Portal)
Chris Masich (McKercher LLP)
Wayne Watts (Liquid Capital Corp.)
Blair Knippel (Deloitte/Saskatchewan Capital Network)
Tickets are limited. For more information on how to register, please
visit
http://ncfacanada.org/event-saskatchewan-may-28-2014-leading-the-way-emerging-equity-crowdfunding-environment/
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About the National Crowdfunding Association of Canada
The National Crowdfunding Association of Canada (NCFA Canada) is
Canada's Crowdfunding Advocate. Newly formed, dynamic and inclusive,
the NCFA Canada works closely with industry groups, government,
academia, other business associations and affiliates to create a strong
and vibrant crowdfunding industry and voice across Canada. Membership
is comprised of a network of professional individuals, companies and
non-profit associations (students are most welcome) interested in
crowdfunding markets in Canada and beyond. The National Crowdfunding
Association of Canada is a networking and solutions-based organization
to provide advocacy, education, support and leadership to Canadian
crowdfunding communities. For more information please visit www.ncfacanada.org.
SOURCE National Crowdfunding Association of Canada (NCFA Canada)
