Tagged: ontario

Ontario Proposes New Rules for Crowdfunding

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In a release issued by the Ontario Securities Commission (OSC), the regulatory body for the Ontario’s capital markets.  A 90 day public comment period starts for four new exemptions.  These exemptions are intended to facilitate capital raising by businesses at different stages in their development, while maintaining an appropriate level of investor protection.  Crowdfunding will… Read More

Brief: MaRS SVX Off to Slow, Solid Start

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In a statement from Adam Spence, Associate Director of the MaRS Centre for Impact Investing and the founder of the SVX,  the SVX platform is described as being off to a slow but solid start. Toronto based SVX is a local, impact first platform that connects investors with local ventures that have a demonstrable social or… Read More

Ontario Couple Takes Heat Over GoFundMe Campaign, Planned Move To Scotland

scotland-gofundme

An Ontario couple has a crowdfunding campaign live on GoFundMe now. It seeks a goal of $7,000 to help fund the couple’s planned move to Scotland. Thus far they’ve raised just over $400 to put toward that goal. Recently a piece on the campaign ran on DailyRecord.co.uk. It seemed benign enough, but what followed the… Read More

Crowdfunding Canada (Deck)

Canada Equity Crowdfunding

The following presentation reviews investment crowdfunding for Canada and more directly the province of Ontario.  Notable quotes include: SME’s generate 50% of GDP and 55% of Jobs in Ontario 25% of SME’s cease in first 2 years, 50% within the first 5 years Canada ranks 13 out of 16 in world Innovation Rankings VC Funding… Read More

Polar Pen/Stylus Combo May Set A Canadian Kickstarter Record

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Innovative pens tend to do fairly well on rewards-based crowdfunding web sites like Kickstarter, and the Polar Pen is no exception. The “world’s first modular pen made from magnets” has raised CAD $700,000 with a week left in the campaign. To be fair, this pen does a bit more than write. The entire pen is… Read More

Canadian Impact Investing Platform SVX Launches in Toronto

MARS SVX

Impact investing crowdfunding platform Social Venture Connexion (SVX) rang the bell last week on the Toronto Stock Exchange, thus officially launching their new platform.  The Ontario Securities Commission had issued an “exemptive relief order” earlier this year to allow the non-profit entity SVX to sell securities via their crowdfunding platform.   The platform is designed… Read More

Rob Ford Gets His Own Crackstarter Video Game, “Stay Mayor”

stay mayor

Oh, to be Rob Ford. The now-infamous Indiegogo Crackstarter campaign has provided the inspiration behind a new Android game called “Stay Mayor”. Players try to navigate a crazy world of paparazzi, crack pipes and money in order to get $300,000 and buy the video from the leaker. Uh oh. Looks like the Mayor’s in a… Read More

Ontario Securities Commission Approves Crowdfunding for Accredited Investors For Specific Platform

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The Ontario Securities Commission (OSC) has approved crowdfunding in Ontario for accredited investors.  The OSC has announced an “exemptive relief order” which will permit the sales of securities via crowdfunding platforms.  This order pertains to a specific non-profit entity called Social Venture Connexion (MaRs SVX), located in Toronto, which is dedicated to assisting entrepreneurs.  The… Read More

OSC To Host Roundtable On Small Business Investment

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The OSC will hold a roundtable on June 11, 2013 to discuss ways investors can help start-ups and small businesses raise money in Canada. It wants to consider how companies can do this by issuing securities without first having to prepare and file a prospectus. For example, one of the options being suggested by the… Read More

Regulators struggle with crowdfunding model

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Ontario looked upon as key to setting pace When the U.S. Jumpstart Our Business Startups Act was passed last year, it included a “crowdfunding exemption” that opened the door to using social media and other Internet tools to raise capital. And while other jurisdictions, such as Australia, Britain and the Netherlands, have similar legislation, Canada… Read More

Ontario Securities Commission may allow crowdfunding for some businesses

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Social media wants to meet up with corporate finance on the Internet to let startup and small businesses raise money online. It’s called equity crowdfunding — different from Kickstarter which funds creative projects like movies, games or music and — because it would give these online investors shares in a company. CEO and president Chad… Read More

Interactive Ontario Urges Action on Crowdfunding Approval

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In comments filed with the Ontario Securities Commission (OSC), Interactive Ontario (IO) has urged the OSC to quickly approve proposed prospectus exemptions for crowdfunding capital. IO supports these exemptions as a means to increasing the available pool of capital for Ontario digital media companies.  IO believes acting prior to full implementation of the Jobs Act… Read More

Crowdfunding exemption would kickstart digital media companies

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Interactive Ontario (IO) is urging the Ontario Securities Commission (OSC) to approve proposed exemptions for raising capital in the province via crowdfunding. IO says it supports the exemptions as a means to increasing the available pool of capital for Canadian digital media companies. Crowdfunding empowers creators to raise public funds by publicizing their project using… Read More

OCE Weighs In On Crowdfunding

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OCE has weighed in on crowdfunding, a new way to solicit investments for innovative ideas and projects through social media that is gaining momentum in the United States and the UK. Responding to a call for submission from the Ontario Securities Commission (OSC), OCE recommends allowing crowdfunding as long as a limit is imposed on… Read More

Ontario Securities Commission Schedules Sessions on Crowdfunding

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As part of Ontario’s ongoing deliberations on their path to facilitating crowdfunding the Ontario Securities Commission a series of meetings.  These have been scheduled to discuss the merits and challenges specifically associated with crowdfunding. Staff of the Ontario Securities Commission (OSC) invite you to attend a consultation session in connection with the OSC’s exempt market… Read More

Ontario Minister Joins Crowd in Push for Crowdfunding Exemption

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At the recent Technicity conference in Toronto, Brad Duguid, Ontario’s Minister of Economic Development and Innovation, expressed support for introducing equity crowdfunding in Ontario.  Recognizing the need to keep innovators on the north side of the border, Minister Duguid explained that “it’s really important that Ontario keep pace if not even try to get out… Read More