Karsten Wenzlaff, Advisor
August 26th, 2025
Venture Law Corp | Alixe Cormick (blog) | Nov 6, 2014
There seems to be a perception in Canada that equity crowdfunding is “noise” or a “flavor of the month” fad that will quickly disappear. It is the opinion of some, the traditional ways of raising capital, using brokers, finders, angel network events, and venture capital pitch meetings, works and will never be replaced.
Certain regulators and market professionals involved in the capital markets even believe there is no legitimate role for equity crowdfunding. Some even believe that equity crowdfunding will increase fraud, reduce the ability of companies to raise capital, and end in tears for all involved.
On October 30, 2014, I participated on a panel at the annual Vancouver Island Economic Alliance Summit titled “The Buzz Around Business Crowdfunding – Noise or Music to Your Ears?” Daryl Hatton, the CEO of FundRazr, one of the top donation and perk crowdfunding portals in the world, and Peter Elkin, an active angel investors and the Founder and CEO of Capital Investment Network, rounded out the panel participants. Stephanie Andrew, an Associate Partner at Espresso Capital, acted as moderator. Dirk Heydemann, of Heydemann Art of Photography in Nanaimo, introduced the panel and sponsored the panel session.
The room was filled with community economic officers, community leaders, small business owners and others interested in learning more about crowdfunding. Daryl Hatton provided the audience with an overview about crowdfunding and highlighted a few recent equity crowdfunding campaigns to help illustrate the diversity in who is using crowdfunding and for what purposes on platforms such as Fundrazr and others.
My formal presentation as part of the panel focused on equity crowdfunding. I wanted to drive home that equity crowdfunding is happening now. Operating portals exist in Europe, United States and in Canada. Average successful equity crowdfunding campaign sizes vary across funding portals with some portals average campaign size ($1.6 million) coming close to the average private placement size on the TSX Venture Exchange ($1.9 million).
Although Canada is looking at two crowdfunding specific securities law exemptions from registration, Canadian securities laws already have private placement exemptions that can be used to crowdfund a business venture. There are benefits and drawbacks associated with all forms of crowdfunding, but it is definitely not just “noise”.
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada crowdfunding hub providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. NCFA Canada is a community-based, membership-driven entity that was formed at the grass roots level to fill a national need in the market place. Join our growing network of industry stakeholders, fundraisers and investors. Learn more About Us | Support Canadian Crowdfunding.
Canada’s first ever crowdfunding summit will be held in Toronto on March 3, 2015, providing a space where interested parties can gather to highlight best practices, insights and trends in the industry.
The National Crowdfunding Association of Canada, formed in 2012 to help create a vibrant crowdfunding industry across the country, is organizing the event.
The rise of crowdfunding as a fundraising – and marketing – tool cannot be underestimated. It has emerged as an increasingly popular source of innovation and social capital for small to medium sized enterprises (SMEs), new ventures, projects and cause-based organizations.
Craig Asano, founder and executive director of the NCFA, says the time is ripe for a national conference.
“The 2015 summit will be a first in Canada, bringing together financial innovation and crowdfunding leaders to help shape the future of the Canadian industry,” he said.
“With so much activity happening on the US/UK conference circuit, it’s about time Canada showcases the remarkable economic growth, innovation and entrepreneurship occurring every day in crowdfunding markets across Canada,” he added.
According to Asano, the global crowdfunding industry experienced explosive growth from $1.5 billion raised in 2011 to over $5 billion in 2013. The World Bank released a report in October 2013 predicting that crowdfunding could blossom into a $96 billion industry.
Next year’s one-day educational event will feature high profile keynote speakers, panel discussions, workshops, entrepreneurial pitches, mentor sessions and a trade show showcasing Canada’s most forefront crowdfunding platforms and service providers. The program covers a diverse range of topics including crowdfunding governance, market data, infrastructure, social enterprise and charities, opportunities for new entrants, and global perspectives.
The event will take place at MaRS Discovery District in Toronto.
News this week that a Canadian startup raised $450,000 in one month through crowdfunding gave the movement yet another high profile boost this week. Thanks to the money raised, Dream Qii, a robotics firm based at Ryerson’s Digital Media Zone incubator hub, can now bring its product to market in the spring.
It’s stories like this that are making people sit up and take notice.
Conditions are favourable in Canada for startups to make use of the tool. In March of this year, six provincial regulators announced proposals for crowdfunding 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.
MaRS connects the communities of science, business and capital and fosters collaboration among them. This happens physically through location of research labs, companies of all sizes, business advisors, investors and professional services within the MaRS Centre and more broadly through hands-on advisory services, entrepreneurial programming, our structured networks and expanding electronic community. Located in… more
NCFA Canada is a newly formed cross-Canada non-profit with a mandate to be inclusive in providing education, awareness and advocacy in the rapidly evolving crowdfunding industry. We’re a community-based and membership-driven entity that was founded at a grass roots level to fill a national need in the market place. We’re collaborative, broad-based, and support all forms of crowdfunding from donation to… more
NCFA Press Release | November 5, 2014
TORONTO, Nov. 5, 2014 /CNW/ - The National Crowdfunding Association of Canada (NCFA Canada) today announced the industry's first Canadian Crowdfunding Summit to be held on Tuesday, March 3, 2015, as the foremost event for leaders in the Canadian crowdfunding space.
The inaugural 2015 Canadian Crowdfunding Summit will provide an exclusive opportunity to learn vital content and network with industry experts gathering to highlight economic progress, regulatory updates, best practices, insights and trends impactful to the future growth of the Canadian crowdfunding industry.
With favourable regulations imminent in Canada and the global crowdfunding industry experiencing explosive growth from $1.5 billion raised in 2011 to over $5 billion in 2013, crowdfunding has emerged as an increasingly popular source of innovation and social capital for small to medium sized enterprises (SMEs), new ventures, projects and cause-based organizations. The World Bank released a report in October 2013 predicting that crowdfunding could blossom into a $96 billion industry.
The full day educational agenda will feature high profile keynote speakers, panel discussions, workshops, entrepreneurial pitches, mentor sessions, and a trade show showcasing Canada's most forefront crowdfunding platforms and service providers. The program will cover a diverse range of topics including crowdfunding governance, market data, infrastructure, social enterprise and charities, opportunities for new entrants, and global perspectives.
"The 2015 Summit will be a first in Canada, bringing together financial innovation and crowdfunding leaders to help shape the future of the Canadian industry", said Craig Asano, Founder and Executive Director of NCFA Canada. "With so much activity happening on the US/UK conference circuit, it's about time Canada showcases the remarkable economic growth, innovation and entrepreneurship occurring every day in crowdfunding markets across Canada."
The 2015 Canadian Crowdfunding Summit will be held at MaRS Discovery District in downtown Toronto, and will feature startups listed in MaRS Impact Investing's accredited investor platform, the SVX. "MaRS is a leader in impact investing and social entrepreneurship as well as a hub for social finance," said Tim Jackson, MaRS Executive Vice President, Corporate and Community Relations, MaRS Discovery District. "In 2013, we established the SVX, North America's first platform connecting impact ventures, funds and investors to catalyze startups that demonstrate the potential for social or environmental return. We look forward to hosting Canada's first crowdfunding summit and the opportunity to highlight these innovative social ventures."
This announcement comes after a successful equity crowdfunding and venture capital cross-Canada tour organized by NCFA Canada this summer that brought together key participants to discuss Canada's proposed crowdfunding regulations. NCFA Canada expects the Summit to attract over 300 delegates from across the country, varying from crowdfunding industry leaders such as portals, accounting and legal professionals, dealer-brokers, marketers, private angel investors and venture capital funds, social enterprise impact investing companies, government, academia, media journalists and entrepreneurial networks.
The National Crowdfunding Association of Canada (NCFA Canada) is a nationally organized, non-profit crowdfunding trade association providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. Dynamic and inclusive, NCFA Canada works closely with industry groups, government, academia, business associations and affiliates to create a strong and vibrant crowdfunding industry and voice across Canada. For more information please visit: www.crowdfundingsummit.ca
MaRS Discovery District in Toronto is one of the world's largest urban innovation hubs. MaRS cultivates high-impact ventures and equips innovators to drive economic and societal prosperity. MaRS provides expert advice and market research, and makes connections to talent, customers and capital. MaRS startup clients have created 6,500 jobs and, in the last three years alone, they have raised $1 billion in capital and generated $500 million in revenue. For more information please visit: www.marsdd.com.
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For more information, please contact:
Media Inquiries:
Craig Asano
416-618-0254
Sponsorship and Partnership Inquiries:
Lauren Linton
416-569-4349
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada crowdfunding hub providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. NCFA Canada is a community-based, membership-driven entity that was formed at the grass roots level to fill a national need in the market place. Join our growing network of industry stakeholders, fundraisers and investors. Learn more About Us | Support Canadian Crowdfunding.
Carleton University | Ryan Davies | Oct 30, 2014
The Carleton University Student Philanthropy Council and HATCH will be hosting a crowd funding workshop Friday November 14th
The workshop will be taking place at 1125@Carleton which is located on the 4th floor of the Human Computer Interaction Building which is located on campus near the Colonel By Drive entrance and Parking Lot 8.
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada crowdfunding hub providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. NCFA Canada is a community-based, membership-driven entity that was formed at the grass roots level to fill a national need in the market place. Join our growing network of industry stakeholders, fundraisers and investors. Learn more About Us | Support Canadian Crowdfunding.
Durham College - DoItDurham | Jay Fisher | Oct 27, 2014
Attention Entrepreneurs, Want-repeneurs & anyone who needs money to support their project!Need to learn how to generate cash through crowdfunding in order to help fund your product, service or idea? Then come out to the Crowdfunding Fund Me Fair & Speaker Showcase, Thursday Nov. 20th at Durham College (Oshawa campus) as part of the Do It In Durham calendar of events in celebration of Global Entrepreneur Week! Guest speakers, marketplace, networking & more!
Do It In Durham is a series of events taking place in the Region of Durham from 17-21 November, This series is in celebration of Global Entrepreneurship Week. In Durham we have over 30 events happening to celebrate, inspire and motivate entrepreneurship as well as to bring together our business community. Every event is an opportunity to network and grow your business and your knowledge. There is a rich eco-system of support, funding and entrepreneurial resources for businesses.
Durham College • 2000 Simcoe Drive Oshawa, ON K1H 7K4
Room G213 • By the Campus recreation and Wellness Centre
Tickets can also be purchased at the door for $10.
11:30 AM - 12PM • Networking & Business Marketplace
12 PM - 1 PM • Speaker's Showcase
1 PM - 1:30 PM • Networking & Business Marketplace
Apostolos SigalasDirector of Sales, GreedyGiver.com
Apostolos has been involved in banking and finance for over a decade. Formerly a Senior Business Adviser at CIBC, and the current owner of West Liberty Financial, Apostolos has been involved in the funding and growth of various start-ups, business expansions, and major commercial projects. Apostolos brings with him a wealth of knowledge in entrepreneurship and business financing for a variety of categories including restaurants, real estate development, retail, and e-commerce. He believes that Crowdfunding is the next evolutionary step to financing, and has committed his time to speak about the benefits of Crowdfunding and supporting those who wish to launch their own campaigns.
Dan BorowecDirector, Economic Development & Tourism, Northumberland County
Dan's background includes the development of the Eastern Ontario Development Program while general manager of Northumberland CFDC and president of the Ontario Association of CFDC’s, as well as positions in the Community College system namely with Durham as faculty and George Brown as chair of Hospitality and Tourism. Dan is involved with numerous professional organizations and agencies in various capacities, and we're fortunate to have him share his experience with crowdfunding, from his unique perspective. He devotes a significant amount of time to Habitat for Humanity currently in Haiti.
Abel RentonCEO, Get Bent Records
Abel Renton is not only the CEO at Get Bent Records, but he's also a Professor in Music Business Management program at Durham College. He has direct experience in utilizing crowdfunding campaigns to fund various projects, and often shares his specific knowledge with his students and the community at large.
We are an event business team, called, TEFT, consisting of students at Durham College's Small Business & Entrepreneurship program, and as our major class project we've created The Crowdfunding Fund Me Fair & Speaker Showcase. It is also part of the Do it in Durham Entrepreneurship Week initiative, where, on behalf of Durham College as well, we're providing a focus on Crowdfunding, in an educational, fun and informative setting, with industry experts.
Please support us by attending the event and visiting entrepreneurs in our venue marketplace, plus, network, and experience 3 guest speakers who have an expertise in in the exciting world of Crowdfunding! We're honoured and delighted to have the National Crowdfunding Association of Canada co-brand this event, as well, and look forward to a sold out event, that not only educates, but stimulates more interest in people making their dreams come true by using Crowdfunding!
crowdfundingfundmefair@gmail.com
The Globe and Mail | Contributor Jeff Musson | Oct 21, 2014
Canadian tech entrepreneurs may play a leading role in the global marketplace, but they do a poor job of celebrating their successes.The country’s tech community must do a better job of highlighting its accomplishments for our political leaders, which is why North of 41, a grass roots tech entrepreneur based group, is organizing Tech Day on Parliament Hill. The event takes place on Oct. 21 during Small Business Week. The purpose of Tech Day on the Hill is to bring together Canadian tech entrepreneurs with our country’s elected officials and their staffers.
Our tech sector is punching above its weight class and is creating the kind of jobs that can lead Canadian innovation into the future, but our stories are rarely told. Our entrepreneurs are well educated and successful leaders who are developing products and services that are used around the globe. Companies like Kiwi are leading the way in the wearable tech space with their cutting edge products. Vanhawks is another company that’s making waves for raising over $820,000 on Kickstarter to design and build the world’s first.
As a country, we should celebrate these accomplishments. Our goal is to start the discussion as to what next steps should be in order to further the tech agenda in our country.
This event has participation from companies and organizations such as IBM, Softlayer, Bloomberg, Dickinson-Wright, Intuit and Tech Connex in addition to some of Canada’s up-and-coming tech companies such as Shopify, Maxxian and Cityspot just to name a few. There will be demos during the breakfast reception at the Library and Archives building in the morning.
A panel discussion has also been organized that will centre on issues facing Canada’s tech entrepreneurs. The Economic Club of Canada is hosting a lunch at the Chateau Laurier that will focus the discussion on what we as a country can do in order to facilitate growth in Canada’s tech sector. Finally there is an after-work reception at the Moscow Tea Room at 527 Sussex Dr. At the reception, staffers and MPs will be able to demo some of the innovative tech being developed by up and coming companies.
Ottawa should be commended for its willingness to engage our country’s entrepreneurs; however, there’ still much work to be done. All stakeholders must have a hand in helping the development, commercialization and promoting of Canada’s technology sector.
North of 41 is one of these stakeholders and it is our group’s belief that before visionary goals can be achieved in Canada’s tech sector, there must be a grassroots event such as Tech Day on the Hill that will start the discussion between the various groups. This is the only way a successful strategy can be developed and implemented to lead Canadian innovation into the future. As a sector, we must continue to promote our Canadian tech companies, celebrate our success and not be shy about telling the world what we are doing; our time has finally arrived.
Jeff Musson is the president of Dynamitenetwork.com and founder North of 41 @northof41
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada crowdfunding hub providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. NCFA Canada is a community-based, membership-driven entity that was formed at the grass roots level to fill a national need in the market place. Join our growing network of industry stakeholders, fundraisers and investors. Learn more About Us | Support Canadian Crowdfunding.
NCFA Canada | Craig Asano | Oct 22, 2014
The National Crowdfunding Association of Canada is excited to present a comprehensive full day workshop in collaboration with a leading crowdfunding solutions provider and expert, HiveWire. If you are planning to launch, design and market a successful crowdfunding campaign (or have a live one on the go), this is a must attend accelerator style 1-day workshop covering every aspect of crowdfunding from ground up. Learn how to leverage data-driven insights gained from analyzing over 400,000 crowdfunding campaigns and launch your campaign with confidence.
"Everyone who wants to do a crowdfunding campaign should take this workshop." - J. Watkins
"A great workshop. Quick and to the point, backed by stories from successful campaigns" - Mike W.
"I came in with many good ideas and am leaving with a few fantastic yet refined and realistic ideas. Thanks." - Jillian Bowman
"Great information, clearly articulated + great interaction with audience." -Jessica
This workshop is for individuals and groups interested in maximizing the potential for using crowdfunding to raise capital and engagement for their business, organization, or project. Workshop sessions are suitable for all organizations including new ventures (start-ups), small to medium-sized businesses, enterprise, social ventures, not-for-profits, creatives and more.
Launching a live Crowdfunding campaign in the near future or have one on the go?
Interested in staying on top of the latest financing and capital raising trends?
Wondering how your company can create a corporate program and leverage social media engagement and the power of crowdfunding / crowdsourcing?
Want to learn how the quick emerging Crowdfunding industry can help your business as a provider or consultant?
Are you an entrepreneur or organization interested to raise capital to move your business from concept to reality?
Want to learn more and get involved with the Crowdfunding industry association to connect and network with Crowdfunding leaders?
Hungry for data? Learn comprehensive and data-driven learnings from a diverse set of campaigns from all industries.
During the morning you will understand how crowdfunding works with all core components of a crowdfunding campaign covered, from pitch development, video and creative production, choosing your target to campaign testing. Have your questions answered by the crowdfunding experts.
Included in this full day workshop, along with refreshments
Deciding to create a crowdfunding campaign is truly only the beginning of an intensive process. We’ll provide you the crowdfunding essentials alongside the proprietary information that you need to plan, design & create your crowdfunding campaign content. This will help you establish a foundation upon which you can then execute and successfully see your crowdfunding visions through to completion.
This is an interactive workshop where you have a chance to share your own campaign ideas and receive feedback and guidance. You will leave with an understanding of critical campaign pieces, the tools and knowledge you need to create the ideal content for a successful crowdfunding campaign, and have fresh ideas as to what to include in your campaign. You will leave with confidence, knowing you have taken the right step forward on your way to make your campaign a success!
This workshop sessions is facilitated by Christopher Charlesworth, Co-founder of HiveWire and crowdfunding industry expert. Christopher has worked with and/or advised over 20 crowdfunding campaigns, helping them raise in excess of $300,000, and he is also an Ambassador for the National Crowdfunding Association of Canada. He is regularly called upon to speak as a crowdfunding expert and has been interviewed by media numerous times (E.g. Toronto Star, CBC, Huffington Post, Canadian Press). Christopher can be found on twitter @C_Charlesworth or reached by email at chris@hivewire.ca
Craig Asano is the Founder and Executive Director of the National Crowdfunding Association of Canada (NCFA Canada), a cross-Canada non-profit with the mandate to provide education, advocacy and networking opportunities in the emerging Crowdfunding industry. Craig is actively involved in developing the Canadian Crowdfunding industry at a grass-roots level connecting with industry stakeholders, leaders and key participants across the country. Craig has over 15 years of experience as a marketer, software technologist and start-up entrepreneur in technology, finance, manufacturing and real estate sectors.
The HiveWire team builds and operates crowdfunding platforms, helps organizations unlock value from the crowd, and understands the industry from an empirical perspective by leveraging a database of over 400,000 crowdfunding campaigns. Follow HiveWire on twitter @hivewireCA or via email at info@hivewire.ca
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada crowdfunding hub providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. NCFA Canada is a community-based, membership-driven entity that was formed at the grass roots level to fill a national need in the market place. For more information please visit the website: ncfacanada.org
TICKETS ARE LIMITED - SEE YOU THERE!!