“Nova Scotia companies are continuously finding innovative ways to use crowdfunding to raise money for specific projects, but it has never involved the issuance of securities,” said Sarah Bradley chair and CEO of the Nova Scotia Securities Commission. “The proposed crowdfunding exemptions are intended to cut through the red tape to give Nova Scotia companies a new cost effective way to raise capital, and give local investors more opportunities to invest in small and start-up businesses.”
The Crowdfunding Exemption and the Start-Up Exemption are designed to meet the needs of start-ups and small and medium enterprises (SMEs) at different stages in growth. The proposed exemptions also include a number of investor protection measures.