NEW CROWDFUNDING PORTALS ARE LAUNCHING DAILY.

Canada has over 70 crowdfunding portals across the country. (Source: NCFA Canada, Jan-2014)

PLUG INTO THE POWER OF THE CROWD. RECEIVE KNOWLEDGE, RESOURCES AND SUPPORT.

Participate in conferences, network at events and learn the latest Crowdfunding strategies and best practices for your business and your investment.

THE CROWDFUNDING INDUSTRY IS PREDICTED TO ACCELERATE TO $5.1 BILLION IN 2013.

The Global crowdfunding market grew 81% in 2012 to a total funding volume of $2.7 billion with over 1.1 million successful campaigns receiving funding.

National Crowdfunding Association of Canada

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Canada’s National Crowdfunding Association Applauds Regulators for Setting the Stage for Crowdfunding Success

CNW – NCFA Press Release | March 24, 2014

NCFA Crowdfunding HoneycombTORONTO, March 24, 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 has 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 developmentof a viable ‘made in Canada’ framework.

“While 2013 was a year of ‘awareness and community building’ for NCFA Canada, 2014 should prove to be busier than ever. We want to thank all of the Association’s founding members, sponsors, directors, advisors, ambassadors, and members for all of their support. We are on the cusp of building something great together – we need your continued support”, said Craig Asano, Executive Director of NCFA Canada.

The crowdfunding industry is exploding with entrepreneurs, investors, portal operators, third party service providers and experts from around the world who are all jockeying for position to take advantage of a promising and brand new fundraising channel for small to medium sized enterprises (SMEs). The industry continues to grow at a tremendous rate with global crowdfunding markets increasing from $1.5 billion in 2011 to $5.1 billion in 2013, according to US-based Massolution’s industry research report. NESTA, a UK charity focused on innovation initiatives predicts that within 5 years crowdfunding could grow to £15 billion pounds in the UK alone.

The proposed “Start-up Exemption”, which has already been adopted in Saskatchewan (SK) last December 2013, would allow start-ups and SMEs to raise up to $300,000 per 12 month calendar year. Investors can invest up to $1,500 per deal on crowdfunding portals that distribute offerings for up to 90 days online. The Start-up Exemption is based-on the Saskatchewan model and provincial regulators in British Columbia, Manitoba, Quebec, New Brunswick and Nova Scotia are seeking public comments until June 18, 2014.

A second proposal is Ontario’s version called the ‘Crowdfunding Exemption’, which has been a collaborative effort between Ontario, Manitoba, Quebec, New Brunswick and Nova Scotia, with the Ontario Securities Commission leading the initiative by setting up a dedicated task force that has conducted a remarkable amount of research, hosted numerous town halls and reached out to various community stakeholders to engage in consultation sessions. The ‘Crowdfunding Exemption’ has higher caps and limits than the SK model, and would allow start-ups and SMEs to raise up to $1,500,000 per 12 month calendar year with investors being able to invest up to $2,500 per deal and up to $10,000 per year.

Related:

“The regulators should be commended for their thoughtful and consultative approach. The proposed regulations have some great characteristics and will help propel Canadian early stage companies from the farm team to the big leagues,” said Daryl Hatton, CEO/Founder of FundRazr, Canada’s leading crowdfunding portal based in B.C.
“Crowdfunding powers business growth and is a strong economic generator for start-ups and SMEs who need capital and investors to fuel innovation, create jobs and compete on the global stage. SMEs are the backbone of Canada’s economy representing approximately 50% of GDP an employing 55% of all the jobs in Ontario alone,” said Debra Chanda, President of Launch 120, and newly appointed Advisor at NCFA Canada.
In international jurisdictions such as Australia, where equity crowdfunding has been legally permitted for over 5 years, leading portal ASSOB (Australian Small Scale Offerings Board) has raised over $130 million in seed and growth capital for over 130 companies of which 83% of them are still operating without a single incident of fraud.

Crowdfunding was in the spot light in 2013 with the number of Canadian portals more than tripling from 17 in 2012 to over 70 in March 2014, according to the NCFA Canada Crowdfunding Directory. “We’ve enjoyed high growth last year and the demand for portal software continues to ramp up,” said Brock Murray, CEO and Co-founder of Katipult, Canada’s leading crowdfunding portal software provider.

View: NCFA Canada equity crowdfunding principles and response to OSC staff consultation paper 45-710

Craig Asano enthused, “We’re thrilled that there is such wide support to adopt equity crowdfunding exemptions in various provinces across Canada. The proposed regulations will benefit all Canadians and the entire capital raising eco-system by working to fill the ‘funding gap’ and pave the way for Canada to support a thriving entrepreneurial culture to compete with other international regions that accelerate growth and provide supportive funding environments.”

“We’re hopeful that over time, data collected from crowdfunding transactions will enable regulators to ‘right size’ policy and edge closer to a harmonized set of rules and also lay the foundation for a second market. Education and due diligence will be of the highest importance to ensure early stage crowdfunding markets formed around ‘The Start-up Exemption’ and the ‘Crowdfunding Exemption’ proposals are efficient, sustainable and safe for investors,” said Myles Harding, President of Inline Reference Check, a leading background and due diligence company.

 

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)

For further information: Craig Asano, National Crowdfunding Association of Canada, Executive Director, (416) 618-0254, www.ncfacanada.org, casano@ncfacanada.org

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57 Responses to National Crowdfunding Association of Canada

  1. Jason Bergerson says:

    Website looks awesome.

  2. Sean says:

    Will crowdfunding ever be available to public issuers?

    • NCFACanada says:

      Hi Sean,

      Today, there are no restrictions on public companies raising funds via donation or reward based crowdfunding models.

      If, however, you are referring to equity crowdfunding, while not yet legally permitted in Canada, the OSC’s proposed equity crowdfunding framework only requires that the issuing company, its parent, and its principal operating subsidiary be incorporated or organized under Canadian federal laws (or Canadian jurisdiction) and have its head office located in Canada. Thus, under the above scenario, public issuers would be able to use crowdfunding exemptions.

      Thanks for your question

  3. CanadianSeajay says:

    What about the individual (not a corporation), say, an inventor … can the required funds, whether to further develop or market the invention, be raised through crowdfunding?

    • NCFACanada says:

      Yes, individuals can raise funds via legally permitted crowdfunding markets. Advised to evaluate tax implications to determine the best route. Ex. cost of repatriating funds back to Canada if raised on overseas portals..

  4. Murray McKercher says:

    Congrats to all for a Great job on the National Event, held in Toronto at Ryerson University Digital Media Zone… can’t wait to see the pictures…

  5. Vourno says:

    Vourno Launches In Canada: conta.cc/12f8MJn

  6. Jeffrey Williams says:

    I have an innovative paint product that has the interest of a big box store chain. I need funds to begin making the tooling for the molds. If we present the finished product in its entirety, I am told that the orders will be placed. All that I currently earn goes to bills and it kills me to just sit idling with this.

    Help anyone?

    • NCFACanada says:

      That’s great that you have an innovative product – congratulations. Start by researching your portal options on the Canadian CF Directory (http://www.ncfacanada.org/canadian-crowdfunding-directory/) and reach out to connect with potential partners and crowdfunding experts active in the space. If you are interested in accelerating funding for your project, please get in touch with us and we can introduce you to potential crowdfunding consultants that may be able to assist you for a fee…

    • Will says:

      Jeffrey, just a random question: Could you sell it in smaller non-big box stores? Why not approach them as well, and see if they would be interested in the venture. Those who would benefit from it may be interested in a Crowdfunding opportunity, give them something on both sides and don’t give it to the Big Box make it exclusive – if its as good as you say it is, then there are always others – and I think Crowdfunding provides you this conduit. BTW: the Big Box offer with condition of “Product Entirely” may also be simply a way of starving you out – and then they do it anyway. I hope it isn’t, but why are they not helping you – just sayin.

  7. Gary Ballan says:

    I have written a collection of over 100 song lyrics. I need funds to get several of my songs put to music and vocals and recorded on demo CD’s. Once I have the songs on demos I can pitch them to producers.

    • NCFA says:

      Hi Gary, there are a few Canadian portals dedicated to helping musicians (and fans) fund their projects such as IOUmusic, sourced.fm and SOkap. Check out the Crowdfunding Directory for the links …http://tinyurl.com/khq6kbc Your first demo should probably be your live pitch to raise funds for your project. Good luck!

  8. rb says:

    I would like info on receiving crowd funding towards creating a book or movie also this is a new start towards my goal as a writer

  9. CrowdFund Beat News says:

    Canada: OSC Update On Proposed Capital Raising Exemptions

    http://www.crowdfundbeat.ca/canada-osc-update-on-proposed-capital-raising-exemptions/

  10. Jack Farquhar says:

    I am a serving member of the Canadian Forces and may be medically released soon. I have the opportunity to buy an operating collision repair shop. I have over 14 Years experience in the industry but not funding.

  11. FINANSO says:

    Great speakers from Paris, London, San Francisco, Toronto, Montreal, at Canadian Crowdfunding Conference, november 21, Montreal, http://www.finanso.ca

  12. D Bachmann says:

    When a project is collecting funds are there any taxes involved?

  13. Amy says:

    have been production Artist for my friend’s project – which started ten years ago. She has created a best selling oracle, with her award winning photographic skils, and it has caught the attention of many people- and she already has large orders. We want to self publish but need 5000 dollars to get it printed.

    CAN YOU HELP?

    ALL artwork and the book can be sent for viewing, and our projections, financially spewing….her illustrations of faery folk and mystical themed images of empowering words and guidebook are so intuitive and direct, they really are magical…

    A ten year project that is ready to go to press, but needs assistance – please get in touch!!

  14. Berger Kevin says:

    Hello everyone,

    I am a French-Thai student that comes from the European Business School in Paris. I am currently in Montréal from the 25/10/2013 until the 03/10/2013.

    I am currently writing my master thesis about crowdfunding and its potential. I am
    looking for poeple who have backed and financed projects on any crowdfunding
    website. I wish to know your feedback on your crowdfunding experience in order
    to make it even better.

    The NCFA website and my research made me book a flight from Paris and come here to Montreal. I truly wish to help as many people as I can. I know that
    crowdfunding can do this and my goal is to enhance its current model to make it
    even better. This is what I am fighting for.

    I have a vision that crowdfunding could truly change the way we help, the way we work and the way we perceive solidarity. Therefore your feedback and your experience would be a great help.

    My objective is to interview 15 people during my stay here in Montreal. I would be happy to meet you whenever it’s the most appropriate time for you.

    I am having difficulties to find people to interview. If you know anyone that has backed a project please let me know. Any advise would be a great help.

    If you are interested please contact me per mail: kevinberger@ebs-paris.com and I will get back to you as soon as possible. I can move around easily and truly wish to get as much feedback as i can during my stay.

    Thank you for your help and your consideration,

    Kevin Berger

    • NCFACanada says:

      Hi Kevin, since you are currently based in Montreal, I’d like to introduce you to Heri and Brun of the SeedingFactory who have significant experience working with companies seeking funding via crowdfunding markets. Also, NCFA would be interested to learn more about the project. We are currently seeking crowdfunding research ambassadors…
      Heri/Bruno, Kevin is conducting research for his European business school program out of Paris and perhaps you could be a good resource for him.
      best Craig

  15. garagedocfilms says:

    My feature documentary film is nearing completion and needs help to get it across the finish line in time for major film festivals
    http://www.kickstarter.com/projects/339714972/elliot-feature-documentary-film

  16. Heather Greenwood says:

    I am president of a winter family orientated Festival in Rural Manitoba Canada. How can I get Crowd funding to work for me?

  17. G F King says:

    I have an idea that uses wilderness backpacking/camping trips to help the homeless have time to take a break from the street life and re-evaluate their lives. Choose new goals, develop a plan to reach them and brainstorm around the resources needed to implement their plan. This is a cost effective solution to a problem most, if not every community is facing today. Property, taxes, utility bills and other usual costs would be minimal as opposed to an urban based traditional program that sets out to assist this group of people. I am a lifelong avid nature lover who has been working with the homeless population since 1982 and have first hand experience being personally homeless. It is my belief that far too often too much of the funds for these programs are used for administrative, personnel and management costs with smaller portions going to program participants. Most of the expenses associated with this type of program would be allocated to equipment, transportation to and from wilderness areas, insurance and minimal staffing with volunteer support who enjoy wilderness and want to help others. Nature has within itself a strong healing component that lends itself well to this project. We all need to take a break and “get away from it all” from time to time. Imagine living with that need 24/7 day after day with no hope for a break! Time to dream, to think, to set goals and develop a plan to attain those goals. A simple, practical and cost effective potential solution to a complex problem with a multitude of theories of how to address this. Allow people to accept responsibility for determining the solution that is best for them and using their own inner strength to come out on top of it all. Deep inside each of us has an idea of what we want, we just need some time to determine our goals and how we can achieve them using our own resources and asking for the help we need.

  18. SqueezeFord says:

    Great tips and information . I just started my first Crowd funding campaign .
    http://www.kickstarter.com/projects/690102371/squeeze-ford-stress-toy?ref=live
    @squeezeford

    • NCFACanada says:

      Good luck with your campaign. Will be interesting to see which site attracts more presales; your KS campaign or Indie linked directly to the squeezeford website…

      • SqueezeFord says:

        Yes it should be interesting to see how that evolves. Kickstarte had some limitations in terms of the quantities for our rewards. So I had to end up putting it in indiegogo as well . I hope that does not backfire. There is only one way to find out

  19. JennieferEquineEvents says:

    I am part of an initiative which promotes horse welfare awareness. We support humane equine handling practices, and community enhancement through equine facilitation-horses are healers. Moreover, wild horses in Canada and the U.S. have little protection from for profit industries, who favour financial benefits over horses’ lives in the wild. The Wildies & Mustangs-All Equine Event is our flagship event, held at Conestogo River Horseback Adventures, on June 21st, 2014. Our scope is broad and integrative, as we understand growth comes from collaboration and in support of partnership models. Our Event needs funds towards equine advocates’ travels, and our production costs require financial support as well.

    Visit: https://www.facebook.com/mustang.rally.2014
    Thank you for the read, all support appreciated.
    Warm Regards,
    Jenniefer
    Photo Courtesy: Duane Starr Photography

  20. vanessa seath says:

    I am a special needs educator, I like to work with children with special needs. I have wanted to open a daycare for families with a child with special needs. Yes there are schools for these children but there is no form of respite for parents who have a special needs child under the age of five. The parents need breaks send I would provide childcare, specially developed programs to work with the child needs. I song staff would work with the parents send yeah them to run the programs at home, teach them techniques and cooking skills. My goal is to offer the families a better quality of life. I’m looking to raise money to start this dream I have. I think it would be beneficial to my community.

  21. Arun Trikha says:

    I tried to join NCFA as a company but it did not allow me. Everybody is in search of Happiness.Nobody has found it.This site tries to bring Happiness by most of the tools.Keeping health at the highest level through food,sleep,talk,mentoring,natural way,helping others,sacrificing for someone are tried. The true facts of life by experience gained through education and lifelong learning are explained. The author has taught Chemistry at various institutions and holds a Ph.D degree. Freelance writing,helping others,volunteering give me real happiness. I want to raise funds to make my wesite/blog fully functional.

  22. M K Harrison says:

    Quick question, I am not Canadian, though I am opening a project that is directed toward Canadian investors investing abroad. Base activity is to protect the interest of the Canadian investors that I often get cheated. You can reach me at kentonharrison@hotmail.com , which way would be best to directly interact?

  23. M K Harrison says:

    sorry, That I often SEE get cheated…. typo…

  24. Carol says:

    I am looking for someone to invest in me and my writing.
    Have 6 books published.

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    I am doing a boat cruise fundraiser for professionals everywhere in Toronto. Idea came about when I noticed hundreds of youth idle who’s parents could not afford summer camp or tours and excursions during the summer break. I need an investor to help with the cruise. It will be fun for a mature crowd and will benefit youth in low income families. Can anyone Help? Please email me: torontoyouthspeak@gmail.com

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  34. Appel Mahmud says:

    Financing for transport trucks

    We Buy & Sell Used Trucks!

    We will work with you one on one to help you retail or wholesale your trucks.
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