Category Archives: FinTech and Alternative Finance

Don Tapscott Announces International Blockchain Research Institute

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Bitcoin Magazine | | March 17, 2017

Tapscott_Blockchain_Institute.original

The government of Canada, in partnership with other government bodies and private sector companies, is establishing a Blockchain Research Institute in Toronto to bring together the top minds in public and private sector research to build blockchain-based economies around the world.

Like the early days of the internet when defense and research agencies worked together to build the internet, the new foundation is hoping to engage researchers and companies that are willing to set aside their organizational biases and personal interests to develop the best possible models to go forward building a blockchain-based economy.

Don Tapscott, co-author of the bestselling book Blockchain Revolution,  announced the new initiative yesterday at the DC Blockchain Summit hosted by the Chamber of Digital Commerce. Funding will be drawn from a joint public-private partnership involving governments and some of the world’s biggest corporations, as well as new blockchain startups.

Founding members include Accenture, IBM, SAP, Digital Asset, NASDAQ, PepsiCo, Centrica, Liberty Global, the Government of Ontario, University Health Network and blockchain pioneers Nuco, Paycase, Artlery, Votem, Cosmos, YouBase and WISeKey. This initial list is expected to grow and include members of governments, companies and organizations from around the world.

See:  Toronto Blockchain Institute Launched

“Blockchain [technology] has the potential to address some of the world’s most pressing challenges — from streamlining trade, to establishing trust in transactions, to tracing provenance for food safety,” said Ross Mauri, general manager of z Systems at IBM. “By working with top experts from around the world, we’ll be able to take full advantage of blockchain [technology]’s inherent strengths — an openly governed, collaborative approach — to make global business more efficient and transparent for consumers.”

Juergen Mueller, SAP’s chief innovation officer, stated, “We believe blockchain is a transformative technology for businesses. The Blockchain Research Institute with its brilliant team will deepen and enrich the knowledge about blockchain [technology].”

Affiliate organizations include Hyperledger, The Chamber of Digital Commerce, coala.io and the newly created Enterprise Ethereum Alliance.

In making the announcement, Tapscott noted the advantages Canada already has with its Tech North corridor between Toronto and Kitchener-Waterloo, with some of the world’s leading blockchain researchers and startups.

“The establishment of a research institute to study, identify and report at a more granular level will help stakeholders at all levels,” said Kyle Kemper, executive director of the Blockchain Association of Canada. “The fact that this initiative is being led by Canadians in partnership with experts worldwide is a testament to the fact that Canada is leading the blockchain revolution.”

Canada has a history of working internationally far beyond its relative size, so this initiative fits well in the Canadian tradition. The government of the province of Ontario, where the institute will be located, is one of the founding members.

“Blockchain technology has the potential to help Ontario build an innovation powerhouse and significantly improve government services too,” said the province’s Minister of Finance, Charles Sousa. “The new Institute, based in Ontario, will bring together the leading thinkers, researchers and entrepreneurs in the blockchain space and we’re proud and enthusiastic to support it.”

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The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support and networking opportunities to over 1500+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more at www.ncfacanada.org.

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Toronto-based blockchain institute launched

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Toronto Star | | March 17, 2017

Don and Alex Tapscott

The BRI has raised $2 million, co-founder Don Tapscott said.

A multi-million-dollar Toronto-based research initiative, the Blockchain Research Institute (BRI), was launched on Thursday to study the emerging technology.

Blockchain is a peer-to-peer transfer system that eliminates the need for middlemen by trusting the power of the crowd to verify transactions, which enables a decentralized online ledger. It’s “the second era of the Internet,” according to Don Tapscott, co-founder of BRI, who said, “This is 1993 all over again.”

The BRI was founded by Don and Alex Tapscott, co-authors of the book Blockchain Revolution. Alex was recently appointed to the International Monetary Fund’s high-level advisory group on fintech. He was one of two Canadians chosen for the group of 14, along with senior deputy governor of the Bank of Canada Carolyn Wilkins.

See:  From IPO to ICO: blockchain’s finance revolution

The institute will “conduct the definitive exploration of blockchain use cases, opportunities and implementation challenges,” according to a press release.

Don Tapscott said the institute will hire about 30 of “the world’s leading experts” on a contract basis to conduct 30 projects.

“They’ll be projects like, how does this change manufacturing, health care, resources, energy, government and, of course, banks?” Tapscott said. “But there will also be projects about how it changes the way that we run companies and organizations.”

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The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support and networking opportunities to over 1500+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more at www.ncfacanada.org.

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FUNDNorth. A Journey into Alternative Financing For The North

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Community Futures | Graham Stanley | March 17, 2017

FUNDNorth

The first-ever symposium to discuss Alternative Financing in North Central BC.

This is the sequel to the very successful and informative Community Crowdfunding Summit held last year. Over the last few years, Crowdfunding has become increasingly popular as a source of alternative financing around the globe. From your local museum to a startup business to real estate, crowdfunding is very prevalent. Therefore, crowdfunding will comprise a goodly portion of this symposium. But today there is so much more.

See:  Graham Stanley, General Manager, Community Futures Stuart Nechako, Joins NCFA’s Ambassador Program

The challenge we faced in organizing this conference was to find information pertinent to the startup business person, the local nonprofit organization, the social enterprise endeavour and the local investor with a focus on where we live; that being the North Central area of British Columbia.

As you know securing funding is not easy where ever you may be, but even more so in our area. From nonprofits to a startup business, traditionally when an innovator, a technology-based business or a social enterprise wanted to develop their product or idea, it had to be shopped around. Often these businesses or projects are considered too high risk for traditional financing, yet that innovation may fill a market gap and have the opportunity to develop into the next multi-million dollar idea.

Cognizant of all of this we gathered some of the most talented and creative minds in this province and tasked them with drilling down to the core of various forms of unconventional financing ideas available to us.

Community Futures believes it is time to bridge the knowledge gap about alternative financing. FUNDNorth will take you on a journey through a world that quite often eludes us here in the north, and put together the pieces of this puzzle. If you have been searching for this type of information you will be tremendously happy you joined us.

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The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support and networking opportunities to over 1500+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more at www.ncfacanada.org.

 

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Presentation Decks from #CCS2017 (for Attendees ONLY)

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Thank you for attending the 2017 Canadian Crowdfinancing Summit (#CCS2017)!

CCS2017 Don't miss it!

 

CCS2017 Presentation Decks Available for Attendees Only (otherwise Confidential)

FEB 28:  Pre-Summit Workshops (OneEleven)

  1. FundingNomad Session:  Profit-Sharing or Royalty Deals for Investors & Issuers (download)
  2. Crowdmatrix Showcase:
  3. BrightSpark Ventures Workshop:  How to Invest in Early Stage Companies (download)
  4. R2Crowd Presentation:  How to Invest in Real Estate if You Don't have a Rich Uncle? (download)

MAR 1:  CCS2017 Summit (MaRS)

  1. Morning Keynote: Equity Crowdfinance:  Past, Present and Future by Ryan Feit, SeedInvest (download)
  2. Show me the Money: How We Raised USD $100+ Million (Art or Science?)
    by Zach Smith, Funded Today (download)
  3. Canadian and Global Alternative Finance Markets: Volume, Trends and Key Indicators by E.J. Reedy of University of Chicago - Polsky Center for Entrepreneurship & Innovation, Alixe Cormick of Venture Law Corp and Daryl Hatton of FundRazr (download)
  4. Blockchain ICOs:  The Future of Online Investing or Regulatory Crisis? by Alan Wunsche, Blockchain Canada (download)
  5. How Online Funding Platforms Give Voice to a Shared Value Economy by Paul Allard, Impak Finance (download)
  6. Marketplace Lending:  Made for the People, By the People by Cato Pastoll, Lending Loop (download)
  7. Growing Your Business Faster with Diversity by Tabitha Creighton, iQMetrix and Eva Wong, Borrowell (download)
  8. Industry Experts and National Regulatory Perspectives: What to Expect in 2017?  by Jason Saltzman, (Gowling WLG), Pat Chaukos (OSC LaunchPad), Elliott Mak and Zach Masum (BCSC), Denise Weeres (ASC), and Gabriel Araish (AMF) (download OSC deck)
  9. LUNCH & LEARN:  Strategies to Protect Your Revenue by Securing Intellectual Property (IP) Rights before Launching by Tony Sebata, Sabeta IP (download)
  10. Regulatory Presentation and Q&A:  FINTECH & P2P/ONLINE LENDING 
    1. Part 1:  Zach Masum, BCSC (download); and
    2. Part 2:  Amy Tsai, OSC LaunchPad (download)
  11. Bootstrapping:  From Concept to Revenue Under in 9 Months for Under $4k by Timothy Jodoin, Edispin (download)
  12. Regulatory Presentation and Q&A:  EQUITY CROWDFUNDING/FINANCE by Gabriel Araish (AMF), Elliott Mak (BCSC), Gloria Tsang (OSC), and Denise Weeres (ASC) (download)
  13. Applying Design Thinking to Maximize Interaction on Your Website (Coming soon)
  14. How I Created an Automated Networking Machine to Meet Hundreds of Investors & VCs by Joshua Fetcher, Autopilot (download)
  15. Post-Crowdfunding Best Practices:  How to Deliver On Time On Budget - Everything you need to Know by Gareth Everard (Rockwell Razors), Owen MacMullin (DHL Canada), and Mary-Rose Sutton (Shopify) (download)
  16. The Future of Fintech:  Is Canada becoming a World Class Fintech Hub?  by Sue Britton (Fintech Growth Syndicate), Bilal Khan (OneEleven), Jake Hirsch-Allen (LinkedIn), Jim Orlando (Omers Ventures), Amelia Young (Upside Consulting Group) and Philippe Garneau (BWG Brand Engineering) (download)
  17. CLOSING KEYNOTE:  Transformative Strategies and Insights for Alternative Finance Market Growth by Martin Graham (Fineqia and London Stock Exchange) (download)

Live Pitching Presentation Decks (MaRS):

  1. Seedlify by Sam Kawtharani (download)
  2. Tripian by Cenan Yunusoglu (download) *Session 1 Pitch Winner
  3. XYZ Interactive (UVolt replacement) by Michael Kosic (download)
  4. Curexe by Johnathan Holland (download)
  5. Knote by Ron Glozman (download) *Session 2 Pitch Winner
  6. Zoom.ai by Roy Pereira (download)
  7. DashMD by Zack Fisch (download) *Session 3 Pitch Winner
  8. Better Current by Colin Campbell (download)
  9. CertClean by Jenise Lee (download)
  10. ShareWiz by Oz Demirel (download)
  11. Emerge by Alexandru Horghidan (download) *Session 4 Pitch Winner
  12. Triclops Technologies by Meng Xi Zhu (download)

Congratulations to the 4 live pitching companies:

Tripian (Cenan Yunusoglu), Knote (Ron Glozman), Dash MD (Zack Fisch), and Emerge (Alexandru Horghidan)!


Other links you may be interested in:

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THANK YOU TO ALL OUR #CCS2017 SPONSORS AND PARTNERS!

CCS2017 Partner slide 1

CCS2017 Partner slide 2

The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support and networking opportunities to over 1500+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more at www.ncfacanada.org.

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#CCS2017 Industry Leaders Connect at 3rd Annual NCFA Fintech & Funding Summit

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NCFA Canada | CCS2017 Committee | March 10, 2017

CCS2017 photo collage2

NCFAs Innovation Finance Summit A Great Success!

The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support and networking opportunities to over 1500+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more at www.ncfacanada.org.

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OSC Highlights Potential Securities Law Requirements for Businesses Using Distributed Ledger Technologies

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OSC Release | March 8, 2017

OSC_150

TORONTO, March 8, 2017 /CNW/ - The Ontario Securities Commission (OSC) is advising businesses that use distributed ledger technologies (DLT), such as blockchain, as part of their financial products or service offerings that they may be subject to Ontario securities law requirements.

"Many uses of distributed ledger technologies have the potential to increase transparency and efficiencies in our capital markets, and we are keen to support this type of innovation," said Pat Chaukos, Chief of OSC LaunchPad.

"Because this is a novel area, businesses may not be aware that some uses of this technology could trigger securities law requirements. We encourage these businesses to speak with us about securities law and investor protection requirements that may apply."

Businesses are using DLT in a variety of ways. DLT may be used as the underlying technology in trading, clearing and settling securities. For example, DLT may be used to facilitate issuances of equity and debt securities and to track their ownership. DLT are core to a growing number of new virtual or digital assets. Businesses may also, for example, facilitate initial coin or token offerings where ownership of the coins or tokens is tracked using DLT, or may establish investment funds with DLT-based virtual currencies in their portfolios. Products or other assets that are tracked and traded as part of a distributed ledger may be securities, even if they do not represent shares of a company or ownership of an entity. Businesses' specific use of DLT may trigger Ontario securities law requirements, including the need to be registered or file a prospectus.

Any business that is operating or planning to operate a DLT-based venture should consider the different types of offerings that involve securities within the meaning of the Ontario Securities Act (e.g. evidence of title to or interest in the capital, assets, property, profits, earnings or royalties of any person or company, a product that is an investment contract); the types of trading activities that will occur; and whether registration as a dealer, adviser and/or investment fund manager is required.

If a person or company is offering securities to the public in Ontario, they must file a prospectus or rely on an exemption from the prospectus requirement.

Businesses with questions about securities law requirements that may apply to their DLT-based activities are encouraged to contact OSC LaunchPad at osclaunchpad@osc.gov.on.ca, (416) 596-4266 (Local) or 1-844-405-1339 (Canada toll-free).

"We welcome the opportunity to work with these businesses and help them understand and navigate potential regulatory requirements," added Chief Chaukos.

OSC LaunchPad (www.osclaunchpad.ca) is the first dedicated team by a securities regulator in Canada to provide direct support to eligible fintech businesses in navigating regulatory requirements. OSC LaunchPad strives to keep regulation in step with digital innovation.

The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in the capital markets. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.gov.on.ca

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SOURCE Ontario Securities Commission

The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support and networking opportunities to over 1500+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more at www.ncfacanada.org.

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OTC Markets Group Welcomes Mogo Finance Technology to OTCQX

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Mogo

NEW YORK, March 3, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, announced Mogo Finance Technology Inc. (TSX: MOGO; OTCQX: MOGOF), a leading Canadian financial technology company, has qualified to trade on the OTCQX® Best Market.

Mogo was approved for trading on OTCQX on February 24. The company trades under the symbol "MOGOF."  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

"Trading on the OTCQX will allow Mogo to build visibility and provide a more transparent market for U.S. investors," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group.  "We are pleased to welcome Mogo to OTCQX and look forward to supporting the company and its shareholders in the public markets."

"We are excited to join OTCQX, which we expect will increase accessibility and flexibility for U.S. investors to discover and trade in Mogo's shares," said Greg Feller, President and CFO of Mogo.

Mogo was sponsored for OTCQX by Troutman Sanders LLP, a qualified 3rd party firm responsible for providing guidance on OTCQX requirements and recommending membership.

Mogo — a Vancouver-based financial technology company— is focused on building the best digital banking experience in Canada, with innovative products designed to help consumers get in control of their financial health. Built using mobile first technology, users can sign up for a free MogoAccount in only three minutes and get access to free credit score monitoring, a free spending account, mortgages and personal loans. With more than 350,000 members and growing, Mogo is leading the shift to digital banking in Canada.

SOURCE  OTC Markets Group Inc.

The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support and networking opportunities to over 1500+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more at www.ncfacanada.org.

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