Category Archives: Entrepreneurs and Start-ups

The TD Ready Challenge – Application Deadline July 27

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The TD Ready Challenge

The TD Ready Challenge is an annual North American initiative that has up to ten $1 million (CAD) grants available to catalyze innovative solutions for a changing world. Recipients will be organizations that have scalable solutions that will help open doors for a more inclusive and sustainable tomorrow.

This new signature initiative, created and funded by TD, is a key component to delivering on the bank’s new corporate citizenship platform, The Ready Commitment.

Each year, the TD Ready Challenge will invite eligible organizations to submit applications that offer solutions for a problem statement that is connected to one of the four drivers of change of the Ready Commitment: Financial Security, Vibrant Planet, Connected Communities and Better Health. The 2018 TD Ready Challenge Problem Statement focuses on Financial Security.

See:  Most small business owners can’t pass a basic financial test

The 2018 Problem Statement: Financial Security

Technological acceleration is both an opportunity and a threat to financial security. The digital age has transformed the nature of work as employers continue to invest in technology and automation. In addition, part-time contracts and the gig economy have increasingly made income volatility a reality for many. These shifts create an urgent need to rethink skills development that will increase income stability and nurture a more inclusive economy.

How can your organization address the problem statement?

We know that the changing nature of work is a growing issue, but we’re confident that there are scalable solutions. That is why the 2018 TD Ready Challenge seeks to provide financial support to up to 10 eligible organizations with innovative solutions focused on helping create greater income stability in a changing world. TD welcomes solutions that will help prepare people for the economy of the future so that everyone can thrive.

The Grants:

Up to 10 one-time (CAD) $1 million grants are available.

Application Deadline:  July 27,2018

View application requirements and details --> here

 

Click for News:

 

Cointelegraph | Stephen O'Neal | June 23, 2018 On June 18, Carlos Torres, CEO of Spanish bank BBVA, declared that blockchain is “not mature” and faces major challenges. During the past month, blockchain’s effectiveness and maturity were also questioned by players as big as the Bank of Canada (BoC), the Russian Central Bank, and DNB, the Central Bank of the Netherlands. While blockchain can indeed improve the effectiveness of cross-border payments and cut the costs by eliminating the middleman, it hasn’t yet proven itself as a tool ready for industrial-scale use. What’s more important is that some of the banks might not be happy to give up those juicy margin fees. Ripple’s attempts to modify the system Ripple, a California-based payment network and protocol company, was established in 2012.  Essentially, it focuses on facilitating transfers between major financial corporations. See:  University of Waterloo joins Ripple’s $64 million CAD blockchain research initiative Ripple is not quite your average cryptocurrency — some argue it’s not a cryptocurrency at all. First of all, it doesn’t champion the dreams of overthrowing the government along with the banking system. Oppositely, it chose to work with mainstream financial players from the very start. As Brad Garlinghouse, ...
Read More
Do Banks Even Want to Go Blockchain?
The TD Ready Challenge The TD Ready Challenge is an annual North American initiative that has up to ten $1 million (CAD) grants available to catalyze innovative solutions for a changing world. Recipients will be organizations that have scalable solutions that will help open doors for a more inclusive and sustainable tomorrow. This new signature initiative, created and funded by TD, is a key component to delivering on the bank’s new corporate citizenship platform, The Ready Commitment. Each year, the TD Ready Challenge will invite eligible organizations to submit applications that offer solutions for a problem statement that is connected to one of the four drivers of change of the Ready Commitment: Financial Security, Vibrant Planet, Connected Communities and Better Health. The 2018 TD Ready Challenge Problem Statement focuses on Financial Security. See:  Most small business owners can’t pass a basic financial test The 2018 Problem Statement: Financial Security Technological acceleration is both an opportunity and a threat to financial security. The digital age has transformed the nature of work as employers continue to invest in technology and automation. In addition, part-time contracts and the gig economy have increasingly made income volatility a reality for many. These shifts create an ...
Read More
The TD Ready Challenge - Application Deadline July 27
Bleu Azur Consulting | June 17, 2018 A HEIGHTENED FOCUS ON RESPONSE AND RECOVERY Over a third of directors of US public companies now discuss cybersecurity at every board meeting. Cyber risks are being driven onto the agenda by high-profile data breaches, distributed denial of services (DDoS) attacks, and rising ransomware and cyber extortion attacks. The concern about cyber risks is justified. The annual economic cost of cyber-crime is estimated at US$1.5 trillion and only about 15% of that loss is currently covered by insurance. MMC Global Risk Center conducted research and interviews with directors from WCD to understand the scope and depth of cyber risk management discussions in the boardroom. The risk of cyberattack is a constantly evolving threat and the interviews highlighted the rising focus on resilience and recovery in boardroom cyber discussions. Approaches to cyber risks are maturing as organizations recognize them as an enterprise business risk, not just an information technology (IT) problem. However, board focus varies significantly across industries, geographies, organization size and regulatory context. For example, business executives ranked cyberattacks among the top five risks of doing business in the Asia Pacific region but Asian organizations take 1.7 times longer than the global median ...
Read More
Global Governance Insights on Emerging Risks
The Globe and Mail | Barbara Balfour | June 22, 2018 In today’s new model of real estate investment, a prospective investor can search for projects of interest on a laptop and, several mouse clicks later, send funds along. With no middlemen and no banks to decide which projects are worthy of financing, investment opportunities are no longer restricted to the very wealthy or the tried-and-true. “This is investing democratized, and this is how capital will be formed going forward,” said Eve Picker, a Pittsburgh-based architect, city planner and founder of a real estate equity crowdfunding platform called Small Change. Ms. Picker was a keynote speaker at the recent Building a Better City forum at the Westin Hotel in Ottawa, co-hosted by The Globe and Mail and Dream REIT. She was among a diverse group of panellists who discussed the challenges of progressive development as urban populations continue to grow around the world. According to Statistics Canada, more than 80 per cent of Canadians live in cities, which is one of the highest rates of urbanization in the G7. And as municipalities across the country tackle challenges that range from protecting heritage to improving road safety, finding capital to create ...
Read More
When banks balk, ordinary investors can become city builders with ‘small change’
NCFA Post | June 20, 2018 Launching your own crowdfunding campaign is a great way for you to start your journey as an entrepreneur. It is also a fantastic opportunity for you to generate a buzz around your business and to get people talking about your plans for the future. However, your attempts at crowdfunding will only be successful if you put the work in and plan ahead. Below are four steps that will help you to do this. Show what you have done already If you are going to get people excited about your crowdfunding campaign, you will need to show them what you have done already. Not doing so will make it extremely difficult for you to stand out from your crowdfunding competitors. It will also cause people to doubt your entrepreneurial spirit, as they begin to wonder why you haven’t achieved anything independently. Why not resolve this issue by setting up an investment portfolio for your business? This is a fantastic opportunity for you to raise your own funds. It will also provide a clear idea of what you are going to do with your future profits. If you are eager to learn more, you should research ...
Read More
How to Draw People Into Your Crowdfunding Campaign
Coindesk | Wolfie Zhao | June 20, 2018 On Wednesday, roughly 35 billion Korean won (around $31 million) in cryptocurrency was stolen by hackers from the South Korea-based exchange Bithumb. Although the breach may not be as severe as the $530 million hack of the Coincheck exchange earlier this year, the fact that Bithumb now ranks as the sixth biggest trading venue in the world still marks it as a notable, and worrying, incident. While more details about the heist have surfaced in the hours following the event's confirmation, providing a glimpse into Bithumb's internal operations, some important questions about the hack still remain unanswered. Here's what we know about the hack so far, and some details we still don't. What we know XRP compromised While Bithumb has not yet disclosed full details of the stolen coins, news emerged following the hack that XRP, the native token of the XRP ledger and the world's third-largest cryptocurrency, has been targeted, according to a report from CoinDesk Korea. Based on data from CoinMarketCap, Bithumb accounted for 10 percent of the global trading volume of XRP over the last 24 hours, with a total of $32 million-worth changing hands. Bithumb has so far ...
Read More
Bithumb $31 Million Crypto Exchange Hack: What We Know (And Don't)
NCFA Canada | Craig Asano | June 18, 2018 Summer Kickoff Networking - PATIO TIME! Join the National Crowdfunding & Fintech Association of Canada,  Pegasus Fintech Inc.,  Fintech Growth Syndicate,  Nikola Tesla Unite Ltd.,    Token Funder,  Gowling WLG, partners, affiliates and the Fintech & Funding community in the heart of upscale Yorkville (neighborhood) on the InterContinental's PATIO and Proof Bar for a night of revelry and prime networking mixer.  Interested in disrupting the finance industry, raising capital or participating in Canada’s growing alternative finance and fintech sectors? Here's a perfect opportunity to connect with emerging fintech startups (stealth mode) and experts, strategize with partners, pitch investors and mingle with Toronto’s burgeoning fintech ecosystem. EVENT DETAILS: Wednesday, Jul 11, 2018 ~5:30 PM - 9:00PM+ InterContinental Yorkville (PATIO & Proof Bar) 220 Bloor Street West, Toronto, M5S 1T8 (map) LIMITED TICKETS - GET'M BEFORE THEY'RE GONE! $25 Early / $35 Standard / $50 Late All include entrance to private event, a complimentary drink, hors d'oeuvres, prizes and prime networking Taxes and fees extra.  No refunds 7 days before the event (after Jul 4).  Ticket transfers ok. If it rains the event will take place inside the Proof Bar Checkout photos from last ...
Read More
Toronto Fintech & Funding Networking Event (Jul 11, 2018): 4th Annual NCFA Summer Kickoff!
Bitcoin.com | Avi Mizrahi | Jun 11, 2018 Canadian bitcoin investors and cryptocurrency traders are going to be subjected to an increased level of market surveillance soon if the government has its way. Once the proposed regulations are implemented, every transaction above $10,000 CAD will have to be reported. Crypto Exchanges to Report as MSBs The Department of Finance Canada has issued a Regulatory Impact Analysis Statement regarding proposed amendments to the country’s AML/ATF regime. The statement suggests that Canadian crypto exchanges will be treated as money service businesses (MSBs) and will have to report trades over a certain amount. According to the proposed amendments published in the Canada Gazette, “Persons and entities that are ‘dealing in virtual currency’ would be financial entities or other entities deemed domestic or foreign MSBs, as the case may be. These ‘dealing in’ activities include virtual currency exchange services and value transfer services. As required of all MSBs, persons and entities dealing in virtual currencies would need to implement a full compliance program and register with FINTRAC. In addition, all reporting entities that receive $10,000 or more in virtual currency (e.g. deposits, any form of payment) would have record-keeping and reporting obligations.” See:  Canada ...
Read More
Canadian Exchanges to Report Transactions Over $10k per Proposed Regulations
Crowdfund Insider | JD Alois | Jun 14, 2018 Ethereum rose dramatically today following the comments of William Hinman, Director of the Division of Corporate Finance at the Securities and Exchange Commission (SEC), who inserted a statement in a speech today that ended the question of Ethereum being a security. Hinman told an audience at Yahoo Finance in San Francisco; “And putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions.” The reassuring comments not only helped Ethereum, but other cryptocurrencies followed higher in its wake. CoinList co-founder and President Andy Bromberg commented on the news from the SEC that it doesn’t consider Ether or Bitcoin – for that matter, a security: “The SEC’s recent comments are a validation of the possibility of non-securities tokens and a big step towards more definitive guidance on how and when individual tokens can be defined as non-securities. The precedent they are indicating here is a powerful one that will enable new projects to continue to flourish in the space.” Of course, the comments by the SEC ...
Read More
Ethereum Rises on Positive Comments by the SEC
IT Business | Bret Conkin | June 12, 2018 Real estate and fintech have been integrating in exciting new ways in recent years. Real estate online investment or crowdfunding has been a sector that has attracted significant interest in the U.S. over the last several years, with more than 100 portals launched to serve rapidly growing developer and investor interest. In fact, industry research hub crowdsourcing.org estimates that the industry will be worth more than $300 billion USD by 2025. Why would developers consider an online and alternative financing route? A big reason, beyond the capital, is the significant marketing benefits that campaigns can generate, including community building. Check out:  GAME-CHANGERS: Crowdfunding real estate projects in the GTA To investigate where the Canadian market for real estate crowdfunding is going in the next 12 months, we interviewed the two leading portals in Canada, online investment platform NexusCrowd and private equity firm R2 (though R2 notes that they position themselves as an online marketplace or fintech in commercial real estate, not as “crowdfunders”). Learn more below. Bret Conkin: How many projects and capital were raised via your portal in 2017? To date in 2018? Amar Nijar, CEO of R2 Capital & ...
Read More
Real estate crowdfunding in Canada: portal insights for 2017/18

 


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, STO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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How to Draw People Into Your Crowdfunding Campaign

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NCFA Post | June 20, 2018

Launching your own crowdfunding campaign is a great way for you to start your journey as an entrepreneur. It is also a fantastic opportunity for you to generate a buzz around your business and to get people talking about your plans for the future. However, your attempts at crowdfunding will only be successful if you put the work in and plan ahead. Below are four steps that will help you to do this.

Show what you have done already

If you are going to get people excited about your crowdfunding campaign, you will need to show them what you have done already. Not doing so will make it extremely difficult for you to stand out from your crowdfunding competitors. It will also cause people to doubt your entrepreneurial spirit, as they begin to wonder why you haven’t achieved anything independently. Why not resolve this issue by setting up an investment portfolio for your business? This is a fantastic opportunity for you to raise your own funds. It will also provide a clear idea of what you are going to do with your future profits. If you are eager to learn more, you should research Betterment returns, as this will help you to understand the kind of money that you could be bringing into your company.

Put together an impressive pitch

The next step is to put together an impressive pitch for your business plan. If people are going to hand over their hard earned money, they will need to know exactly what they are investing in. Therefore, you should endeavor to be as honest as possible. Instead of burying your head in the sand and skimming over any issues with your business, you need to address any shortcomings head-on. Ideally, you should have the situation resolved before you begin to pitch your business. Or, at the very least, you should have a strong answer for any questions and queries you might face.

Secure the support of people you know

One such question could be about the amount of capital you have already raised. Although crowdfunding is a brilliant opportunity for you to secure funding for your business, it should not be your only source of income. Of course, your investment portfolio will help, but you should also try to secure the support of people you know. Perhaps you have a friend who is willing to make a contribution. Or, maybe you could do a deal with your parents. Whatever you decide, the most important thing is that you move past square one. You can’t appear desperate when you begin your crowdfunding campaign.

Get a handle on your facts and figures

It is also important that you don’t appear ill-informed. Luckily, you can avoid this by getting a handle on your facts and figures. Even if you are the creative force behind your business, it is essential that you know what you are talking about. While smooth talking and a persuasive sales pitch will get you far, it is likely that you will fall down at the final hurdle if your facts and figures don’t make sense. Therefore, you should carry out extensive research before making any claims. You should also educate yourself, proofread your work, and invite at least two other people to check through your business plan.

Other links you may like:


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Click for News:

 

Cointelegraph | Stephen O'Neal | June 23, 2018 On June 18, Carlos Torres, CEO of Spanish bank BBVA, declared that blockchain is “not mature” and faces major challenges. During the past month, blockchain’s effectiveness and maturity were also questioned by players as big as the Bank of Canada (BoC), the Russian Central Bank, and DNB, the Central Bank of the Netherlands. While blockchain can indeed improve the effectiveness of cross-border payments and cut the costs by eliminating the middleman, it hasn’t yet proven itself as a tool ready for industrial-scale use. What’s more important is that some of the banks might not be happy to give up those juicy margin fees. Ripple’s attempts to modify the system Ripple, a California-based payment network and protocol company, was established in 2012.  Essentially, it focuses on facilitating transfers between major financial corporations. See:  University of Waterloo joins Ripple’s $64 million CAD blockchain research initiative Ripple is not quite your average cryptocurrency — some argue it’s not a cryptocurrency at all. First of all, it doesn’t champion the dreams of overthrowing the government along with the banking system. Oppositely, it chose to work with mainstream financial players from the very start. As Brad Garlinghouse, ...
Read More
Do Banks Even Want to Go Blockchain?
The TD Ready Challenge The TD Ready Challenge is an annual North American initiative that has up to ten $1 million (CAD) grants available to catalyze innovative solutions for a changing world. Recipients will be organizations that have scalable solutions that will help open doors for a more inclusive and sustainable tomorrow. This new signature initiative, created and funded by TD, is a key component to delivering on the bank’s new corporate citizenship platform, The Ready Commitment. Each year, the TD Ready Challenge will invite eligible organizations to submit applications that offer solutions for a problem statement that is connected to one of the four drivers of change of the Ready Commitment: Financial Security, Vibrant Planet, Connected Communities and Better Health. The 2018 TD Ready Challenge Problem Statement focuses on Financial Security. See:  Most small business owners can’t pass a basic financial test The 2018 Problem Statement: Financial Security Technological acceleration is both an opportunity and a threat to financial security. The digital age has transformed the nature of work as employers continue to invest in technology and automation. In addition, part-time contracts and the gig economy have increasingly made income volatility a reality for many. These shifts create an ...
Read More
The TD Ready Challenge - Application Deadline July 27
Bleu Azur Consulting | June 17, 2018 A HEIGHTENED FOCUS ON RESPONSE AND RECOVERY Over a third of directors of US public companies now discuss cybersecurity at every board meeting. Cyber risks are being driven onto the agenda by high-profile data breaches, distributed denial of services (DDoS) attacks, and rising ransomware and cyber extortion attacks. The concern about cyber risks is justified. The annual economic cost of cyber-crime is estimated at US$1.5 trillion and only about 15% of that loss is currently covered by insurance. MMC Global Risk Center conducted research and interviews with directors from WCD to understand the scope and depth of cyber risk management discussions in the boardroom. The risk of cyberattack is a constantly evolving threat and the interviews highlighted the rising focus on resilience and recovery in boardroom cyber discussions. Approaches to cyber risks are maturing as organizations recognize them as an enterprise business risk, not just an information technology (IT) problem. However, board focus varies significantly across industries, geographies, organization size and regulatory context. For example, business executives ranked cyberattacks among the top five risks of doing business in the Asia Pacific region but Asian organizations take 1.7 times longer than the global median ...
Read More
Global Governance Insights on Emerging Risks
The Globe and Mail | Barbara Balfour | June 22, 2018 In today’s new model of real estate investment, a prospective investor can search for projects of interest on a laptop and, several mouse clicks later, send funds along. With no middlemen and no banks to decide which projects are worthy of financing, investment opportunities are no longer restricted to the very wealthy or the tried-and-true. “This is investing democratized, and this is how capital will be formed going forward,” said Eve Picker, a Pittsburgh-based architect, city planner and founder of a real estate equity crowdfunding platform called Small Change. Ms. Picker was a keynote speaker at the recent Building a Better City forum at the Westin Hotel in Ottawa, co-hosted by The Globe and Mail and Dream REIT. She was among a diverse group of panellists who discussed the challenges of progressive development as urban populations continue to grow around the world. According to Statistics Canada, more than 80 per cent of Canadians live in cities, which is one of the highest rates of urbanization in the G7. And as municipalities across the country tackle challenges that range from protecting heritage to improving road safety, finding capital to create ...
Read More
When banks balk, ordinary investors can become city builders with ‘small change’
NCFA Post | June 20, 2018 Launching your own crowdfunding campaign is a great way for you to start your journey as an entrepreneur. It is also a fantastic opportunity for you to generate a buzz around your business and to get people talking about your plans for the future. However, your attempts at crowdfunding will only be successful if you put the work in and plan ahead. Below are four steps that will help you to do this. Show what you have done already If you are going to get people excited about your crowdfunding campaign, you will need to show them what you have done already. Not doing so will make it extremely difficult for you to stand out from your crowdfunding competitors. It will also cause people to doubt your entrepreneurial spirit, as they begin to wonder why you haven’t achieved anything independently. Why not resolve this issue by setting up an investment portfolio for your business? This is a fantastic opportunity for you to raise your own funds. It will also provide a clear idea of what you are going to do with your future profits. If you are eager to learn more, you should research ...
Read More
How to Draw People Into Your Crowdfunding Campaign
Coindesk | Wolfie Zhao | June 20, 2018 On Wednesday, roughly 35 billion Korean won (around $31 million) in cryptocurrency was stolen by hackers from the South Korea-based exchange Bithumb. Although the breach may not be as severe as the $530 million hack of the Coincheck exchange earlier this year, the fact that Bithumb now ranks as the sixth biggest trading venue in the world still marks it as a notable, and worrying, incident. While more details about the heist have surfaced in the hours following the event's confirmation, providing a glimpse into Bithumb's internal operations, some important questions about the hack still remain unanswered. Here's what we know about the hack so far, and some details we still don't. What we know XRP compromised While Bithumb has not yet disclosed full details of the stolen coins, news emerged following the hack that XRP, the native token of the XRP ledger and the world's third-largest cryptocurrency, has been targeted, according to a report from CoinDesk Korea. Based on data from CoinMarketCap, Bithumb accounted for 10 percent of the global trading volume of XRP over the last 24 hours, with a total of $32 million-worth changing hands. Bithumb has so far ...
Read More
Bithumb $31 Million Crypto Exchange Hack: What We Know (And Don't)
NCFA Canada | Craig Asano | June 18, 2018 Summer Kickoff Networking - PATIO TIME! Join the National Crowdfunding & Fintech Association of Canada,  Pegasus Fintech Inc.,  Fintech Growth Syndicate,  Nikola Tesla Unite Ltd.,    Token Funder,  Gowling WLG, partners, affiliates and the Fintech & Funding community in the heart of upscale Yorkville (neighborhood) on the InterContinental's PATIO and Proof Bar for a night of revelry and prime networking mixer.  Interested in disrupting the finance industry, raising capital or participating in Canada’s growing alternative finance and fintech sectors? Here's a perfect opportunity to connect with emerging fintech startups (stealth mode) and experts, strategize with partners, pitch investors and mingle with Toronto’s burgeoning fintech ecosystem. EVENT DETAILS: Wednesday, Jul 11, 2018 ~5:30 PM - 9:00PM+ InterContinental Yorkville (PATIO & Proof Bar) 220 Bloor Street West, Toronto, M5S 1T8 (map) LIMITED TICKETS - GET'M BEFORE THEY'RE GONE! $25 Early / $35 Standard / $50 Late All include entrance to private event, a complimentary drink, hors d'oeuvres, prizes and prime networking Taxes and fees extra.  No refunds 7 days before the event (after Jul 4).  Ticket transfers ok. If it rains the event will take place inside the Proof Bar Checkout photos from last ...
Read More
Toronto Fintech & Funding Networking Event (Jul 11, 2018): 4th Annual NCFA Summer Kickoff!
Bitcoin.com | Avi Mizrahi | Jun 11, 2018 Canadian bitcoin investors and cryptocurrency traders are going to be subjected to an increased level of market surveillance soon if the government has its way. Once the proposed regulations are implemented, every transaction above $10,000 CAD will have to be reported. Crypto Exchanges to Report as MSBs The Department of Finance Canada has issued a Regulatory Impact Analysis Statement regarding proposed amendments to the country’s AML/ATF regime. The statement suggests that Canadian crypto exchanges will be treated as money service businesses (MSBs) and will have to report trades over a certain amount. According to the proposed amendments published in the Canada Gazette, “Persons and entities that are ‘dealing in virtual currency’ would be financial entities or other entities deemed domestic or foreign MSBs, as the case may be. These ‘dealing in’ activities include virtual currency exchange services and value transfer services. As required of all MSBs, persons and entities dealing in virtual currencies would need to implement a full compliance program and register with FINTRAC. In addition, all reporting entities that receive $10,000 or more in virtual currency (e.g. deposits, any form of payment) would have record-keeping and reporting obligations.” See:  Canada ...
Read More
Canadian Exchanges to Report Transactions Over $10k per Proposed Regulations
Crowdfund Insider | JD Alois | Jun 14, 2018 Ethereum rose dramatically today following the comments of William Hinman, Director of the Division of Corporate Finance at the Securities and Exchange Commission (SEC), who inserted a statement in a speech today that ended the question of Ethereum being a security. Hinman told an audience at Yahoo Finance in San Francisco; “And putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions.” The reassuring comments not only helped Ethereum, but other cryptocurrencies followed higher in its wake. CoinList co-founder and President Andy Bromberg commented on the news from the SEC that it doesn’t consider Ether or Bitcoin – for that matter, a security: “The SEC’s recent comments are a validation of the possibility of non-securities tokens and a big step towards more definitive guidance on how and when individual tokens can be defined as non-securities. The precedent they are indicating here is a powerful one that will enable new projects to continue to flourish in the space.” Of course, the comments by the SEC ...
Read More
Ethereum Rises on Positive Comments by the SEC
IT Business | Bret Conkin | June 12, 2018 Real estate and fintech have been integrating in exciting new ways in recent years. Real estate online investment or crowdfunding has been a sector that has attracted significant interest in the U.S. over the last several years, with more than 100 portals launched to serve rapidly growing developer and investor interest. In fact, industry research hub crowdsourcing.org estimates that the industry will be worth more than $300 billion USD by 2025. Why would developers consider an online and alternative financing route? A big reason, beyond the capital, is the significant marketing benefits that campaigns can generate, including community building. Check out:  GAME-CHANGERS: Crowdfunding real estate projects in the GTA To investigate where the Canadian market for real estate crowdfunding is going in the next 12 months, we interviewed the two leading portals in Canada, online investment platform NexusCrowd and private equity firm R2 (though R2 notes that they position themselves as an online marketplace or fintech in commercial real estate, not as “crowdfunders”). Learn more below. Bret Conkin: How many projects and capital were raised via your portal in 2017? To date in 2018? Amar Nijar, CEO of R2 Capital & ...
Read More
Real estate crowdfunding in Canada: portal insights for 2017/18

 

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Toronto Fintech & Funding Networking Event (Jul 11, 2018): 4th Annual NCFA Summer Kickoff!

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NCFA Canada | Craig Asano | June 18, 2018

Summer Kickoff Networking - PATIO TIME!

Join the National Crowdfunding & Fintech Association of CanadaPegasus Fintech Inc.Fintech Growth SyndicateNikola Tesla Unite Ltd.,    Token FunderGowling WLG, partners, affiliates and the Fintech & Funding community in the heart of upscale Yorkville (neighborhood) on the InterContinental's PATIO and Proof Bar for a night of revelry and prime networking mixer.  Interested in disrupting the finance industry, raising capital or participating in Canada’s growing alternative finance and fintech sectors? Here's a perfect opportunity to connect with emerging fintech startups (stealth mode) and experts, strategize with partners, pitch investors and mingle with Toronto’s burgeoning fintech ecosystem.

EVENT DETAILS:

Wednesday, Jul 11, 2018

~5:30 PM - 9:00PM+

InterContinental Yorkville (PATIO & Proof Bar)

220 Bloor Street West, Toronto, M5S 1T8 (map)

LIMITED TICKETS - GET'M BEFORE THEY'RE GONE!

$25 Early / $35 Standard / $50 Late

  • All include entrance to private event, a complimentary drink, hors d'oeuvres, prizes and prime networking
  • Taxes and fees extra.  No refunds 7 days before the event (after Jul 4).  Ticket transfers ok.
  • If it rains the event will take place inside the Proof Bar
  • Checkout photos from last year's Summer networking event here

All ticket registrations by July 3 will be automatically entered into a July 4th draw taking place 6pm at Yonge and Dundas square at driver/showcase event to WIN 2 VIP tickets:

  • Draw will take place July 4th at 6pm at Yonge and Dundas Niko race car driver/showcase event.
  • 1 winner will be drawn and receive 2 x tickets entrance with VIP pit passes for Saturday, July 7 at the Mobil 1 Sportscar Grand Prix sponsored by event partner NIKOCoin

 

This event is for the Fintech & Funding, Blockchain, AI and Alternative Investing Community

Innovators and investors interested in financial innovation, networking and collaborating with startups, investors, angels, early stage-focused VC's and industry experts and developers in alternative finance, crowdfunding, fintech, payments, cryptocurrency, blockchain, ICOs / STOs, Artificial Intelligence-driven investing and other financial innovation sectors.

  • Women founders
  • Companies actively raising capital
  • Investors and syndicates interested in investing
  • Fintech advisors, consultants, and development experts (startups, institutions, researchers, academia, government)
  • Financial innovators and developers looking to partner or collaborate
  • High growth fintech start-ups (stealth mode) and scale-ups.  Private or public.
  • Developers looking for opportunities and to connect with businesses
  • Funding platforms, dealers, providers and their client networks
  • Anyone interested in emerging fintech trends, regulations and industry developments

Those who are crazy enough to think they can change the world usually do - Steve Jobs

Venue (Patio and covered Proof Bar)

 

Event Host and Partners:

The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO/STO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE, or become a valued contributing member and get perks.

For more information, please visit: ncfacanada.org

 


Pegasus Fintech, Inc.focuses on supporting innovative solutions in the Financial Services, Technology, Blockchain and Cryptocurrency communities.  Pegasus has developed a full-service process for assisting organizations who want to do an Initial Coin Offering (ICO).  Together with our team of highly skilled industry professionals and partners we create, with our clients, the necessary business, legal, accounting, technology development, capital and funding strategies, whitepapers, roadmaps, marketing and sales processes to deploy successful and compliant ICOs.  Pegasus also has created an integrated network platform, called the Pegasus Matrix, supporting interactivity through Pegasus supported ICO use cases.  Pegasus is a partner of Polymath and is the first North American Sponsor Firm of the Gibraltar Blockchain Exchange (GBX).

For more information, please visit:  pegasusfintech.com


FinTech Growth Syndicate (FGS) is a business accelerator that accelerates sales, partnering and marketing strategies for new and growing FinTech companies and implements internal or external innovation strategies and projects for financial institutions and technology incumbents.  We are deeply connected to the FinTech community and stakeholders and help organizations find partners and build awareness within the FinTech ecosystem.

For more information, please visit:  fintechgrowthsyndicate.com

 


Gowling WLG is an international law firm created by the combination of Gowlings, a leading Canadian law firm, and Wragge Lawrence Graham & Co (WLG), a leading UK-based international law firm.  With more than 1,400 legal professionals in 19 cities across Canada, the UK, Continental Europe, the Middle East and Asia, Gowling WLG provides clients with top-tier legal advice at home and abroad in a range of areas.  Our clients have access to in-depth expertise and experience in key global sectors, including advanced manufacturing, energy, financial services, infrastructure, life sciences, natural resources, real estate and tech.  We see the world through our clients’ eyes, and collaborate across countries, offices, service areas and sectors to help them succeed – no matter how challenging the circumstances. Our culture is, above all, about people and teams, based on our belief in the power of relationships to deliver tangible business results.

For more information, please visit: gowlingwlg.com


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Canadian securities regulators provide additional guidance on securities law implications for offerings of tokens

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CSA | Staff Notice 46-308 | June 11, 2018

Montréal  The Canadian Securities Administrators (CSA) today published CSA Staff Notice 46-308 Securities Law Implications for Offerings of Tokens, which provides additional guidance on the applicability of securities laws to offerings of coins or tokens, including ones that are commonly referred to as “utility tokens.”

“Since publishing initial guidance, we have engaged with numerous businesses considering token offerings and have found that most of these offerings involve securities,” said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. “Our notice sets out additional guidance based on situations we have seen to date and common inquiries we have received from businesses and their advisors.”

CSA Staff Notice 46-308 outlines specific situations that may have an implication on the presence of one or more of the elements of an investment contract in the context of an offering of coins or tokens.

This notice supplements the CSA’s August 2017 publication of CSA Staff Notice 46-307 Cryptocurrency Offerings, which outlines how securities law requirements may apply to initial coin offerings, initial token offerings, cryptocurrency investment funds and the cryptocurrency platforms trading these products.

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Any business planning to raise capital through an offering of coins or tokens should consider whether it involves the distribution of a security. In order to avoid costly regulatory surprises, businesses are encouraged to consult qualified securities legal counsel about the potential application of, and possible approaches required to comply with, securities legislation. Businesses should also contact their local securities regulatory authority to discuss possible flexible approaches to complying with securities laws, including time-limited exemptive relief.

The CSA Regulatory Sandbox is an initiative of the CSA to support financial technology (fintech) businesses seeking to offer innovative products, services and applications in Canada. The CSA has granted, through the CSA Regulatory Sandbox, exemptive relief from certain securities law requirements to firms in the context of offerings of coins or tokens that involve the distribution of securities, subject to conditions to ensure adequate investor protection.

CSA staff monitor cryptocurrency offerings activity and will continue to take action against businesses that do not comply with securities laws.

The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

Source:  Security law implications for Offerings of Tokens

Download CSA Staff Notice 46-308 --> here

 


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Nikola Tesla Unite to use Alianza Motorsports to Educate Race Fans on Crypto

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Race Tech Development Group | Dean Jessop | Jun 8, 2018

Nikola Tesla Unite is new to the cryptocurrency market, but cryptocurrency is not new in the minds of the founders. Working for many years to bring the concept and idea to market, NIKO Coin is set to be one of the major players in not only digital currency, but also business-to-business programs through their partnership with Alianza Motorsports.

“This is a true partnership,” explained Alianza Motorsports’ Lorne Kelly. “We are working together both on and off the track.

NIKO Coin promotion is being done on the side of our racecar, race hauler and with trackside functions and displays while we all work hand in hand to educate fellow teams, drivers and racing enthusiasts on the advantages and benefits of using digital currency.

We have had several meetings with suppliers, other team partners, series and organizations on how we can help them get in on the ground floor of the digital currency market all with the help of NIKO Coin.”

With a digital wallet offered by NIKO Coin and that can be downloaded from the Google Play Store, NIKO Coin can now connect with a wider demographic of users.

See:  Highlights from FFCON18: VELOCITY – Blockchain, Cryptocurrency, Alternative Investing Conference (March 5-6, Toronto)

Kelly continued, “With NIKO Coin, the general public can conduct peer-to-peer transactions and trade cryptocurrency at local NIKO Coin outlets. The whole idea seems futuristic but the writing is on the wall and we are definitely headed to a more digital society. Alianza Motorsports is happy to have this connection to cryptocurrency and we are excited to help bring it to the world of motorsports.”

“Our mission is to facilitate fundamental change in societal interactions while having a significant impact on many of the ways our world functions by building solutions that will have a profound impact on how global society interacts,” explained Dean Jessop of Nikola Tesla Unite. “

Our values of community, decentralization, and inclusion are all closely and deeply aligned with our belief in the forthcoming digital economy. A future where the people and technology will be a part of a fully liquid system open to everyone. Our group is advancing this state of technology and pushing it forward through innovative development. We are building solutions that will have a profound impact on how global society interacts. Leveraging a top-tier network of global providers, we are building an ecosystem more robust and far-reaching than anything to date.”

While the next on track action is still six weeks away, Alianza Motorsports continues to prepare for their home event at the Canadian Tire Motorsports Park. Taking on the Mobil 1 SportsCar Grand Prix during the July 6-8 weekend, this will be the home event for team driver Anthony Simone and provide the perfect backdrop for NIKO Coin to educate potential users of cryptocurrency.

For more information on Nikola Tesla Unite and the NIKO brand of cryptocurrency, please contact Jane Anderson at 1.833.TESLA 56 or via e-mail to Media@NIKO.eco. To visit them online, please visit www.NIKO.eco. or www.nikolateslaunite.com.

Photos: Alianza Motorsports

View the original article --> here

 


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

 

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Element AI: The market is still figuring out how to share data with enterprise AI startups

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VentureBeat | | Jun 7, 2018

It’s no exaggeration to call Element AI one of the top startups in the world right now. With the help of deep learning pioneer Yoshua Bengio, the company is making AI-powered products for the enterprise. And from its beginning in October 2016, Element AI has broken the rules of what to expect from a startup.

In December 2016, Element AI was the very first company to receive funding from Microsoft Ventures. Six months later, the company raised a $102 million series A round.

Element AI has yet to release a single publicly available product, but the company is already working with customers, has opened offices in Singapore, South Korea, Toronto, and London, and already plays an advisory role to startups that receive funding from the Global AI Fund in South Korea.

At the creative tech conference C2 in Montreal last month, VentureBeat sat down with CEO Jean-François Gagné to talk about challenges enterprise customers face in implementing AI, his company’s first publicly available products, and why he believes AI is allowing startups to challenge incumbent businesses in tech and finance.

This interview has been edited for brevity and clarity.

VentureBeat: Are there any specific kinds of challenges companies encounter in terms of implementation of AI? When you come in the door of a business, what’s stopping them from implementing AI?

Gagné: We’re still all trying to figure out how the IP, data access, and learning component of the technology is going to play out. The market is currently trying to figure that out. The big dynamic that we see is all the conversations about “What piece of IP will your AI keep?”

See:  The forces of change are trumping banks and regulators

Because we totally understand that large chunks of the IP we build on top of the data of our customers is their own, but there is stuff that needs to flow back to our platform so we make the product better. And defining that has been something where we need to spend a lot of time every time educating the customers, making sure they see it’s transparent and understand what are they going to own, what are we going to own, and this is one thing that is right now a big puzzle for the industry to solve as a whole. And because we’re one of the first to really do that at scale, I think we’re opening the way there, and that’s one thing that comes to my mind.

VentureBeat: Lately I’ve heard a fair deal of companies talk about how they want to build common sense and perception into AI; it just keeps coming up as part of some evolution to go beyond narrow applications of artificial intelligence. Where do you think we’re going on that?

Gagné: So here’s the thing: Google doesn’t want to interact with the customer. They want their system to run by their own, so the way they’re approaching the problem is by wanting the assistant to have some sort of common sense and figure things out by themselves, and we have a very different opinion there. We believe in human-in-the-loop systems that are highly efficient, highly flexible, highly agile, but where people are still driving and are in control of the governance, still involved in the decision process.

You look at the work they’re doing with DeepMind and everything, where things are just going to take off by themselves eventually — and first, I don’t believe that this is going to happen anytime soon. The black box effect this creates, going down that road and all the potential downside of having people think that they don’t need to look at what’s going on, is extremely bad given the state of the industry, so I don’t think it’s the right way to go at it.

VentureBeat: They say they want to be more transparent.

Gagné: They don’t want to be evil, they want to be transparent … what matters are the actions. What are people really doing? We have to actually look at that concretely, so the way we’re going at this is really to make sure that we maximize explainability [and] transparency as we’re deploying this, to enable our customers and people who are using our tools to have the right governance on top.

So [we] invest tons of money in all the monitoring systems and explainability of the models.

There’s more effort put in this than in the models themselves, generally speaking, in whatever product we do, whatever thing we roll out, and so of course they don’t want that. They’re at the top already, so they want to make sure that they maintain that edge, so that’s why you’re hearing that from them.

More:  The Age of Artificial Intelligence in Fintech

VentureBeat: So then what should people expect from Element AI in the next six months?

Gagné: At this point it’s all about scale, like we’re literally in the bottom of the hockey stick looking to be 500 people before the end of the year, 1,000 next year, so we’re really starting to hit that phase. And then for us it’s all about repeatable deployments: successful, repeatable deployments. It’s just about repeatability, getting our cybersecurity product out there, our product for insurance, banking, and we’ve got stuff coming for logistics companies.

VentureBeat: You guys are in a bit of a different position than most companies, but do you feel like the monopoly that large companies have stifles the innovation that could be happening in the AI startup ecosystem?

Gagné: No longer, actually. I think they’re [banks] getting challenged to the point that if they don’t do something about it, they know their business is going to start to — their margins and everything are going to start to diminish, and in the financial sector it’s definitely there.

Continue to the full article --> here

 


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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