CALGARY, Nov. 24, 2015 /CNW/ - The National Crowdfunding Association of Canada (NCFA) announced today that it is highly supportive of the Alberta Securities Commission's proposed Start-up Business Exemption (multilateral instrument 45-109), which would supercharge the growth and development of nascent companies in the province.
"NCFA is pleased to be assisting the Alberta Securities Commission (ASC) and the Alberta Government in facilitating public comments and consultations pertaining to the ASC's proposed Start-up Exemption at the NCFA's December 3rd Crowdfunding Bootcamp in Calgary," said Craig Asano, Executive Director of the NCFA who added, "We are expecting another sold out educational event with over 20 expert speakers, which is testimony to the huge interest there is in the province and across the country in crowdfunding, which is becoming the fastest-growing capital raising tool of the 21st century."
Since 2012, NCFA has been supporting the growth of a strong, vibrant, and inclusive crowdfunding ecosystem in Canada with a growing national base of 1300 members who run the gamut from equity, rewards, and lending marketplaces to issuers, investors and providers. It has brought together key stakeholders for discussions around securities crowdfunding in BC, Ontario, Saskatchewan and several other provinces that have now adopted rules to allow alternative finance markets to fill a crucial funding gap at early stages of the capital raising ecosystem while opening up participation to retail investors, and is working to build a robust and transparent infrastructure for the industry.
"We note with interest that several provinces, including Ontario, Québec and British Columbia have already enacted crowdfunding-specific exemptions aimed at helping new ventures access equity and debt financing from these innovative and emerging online capital markets," said Mr. Asano.
The NCFA is working hard to deliver programs for industry participants and governments to be better informed about how Canada can, collectively, maximize the economic and social potential that is inherent in crowdfunding. In this regard, events from the Calgary Crowdfunding Bootcamp on December 3 to the 2nd annual Canadian Crowdfunding Summit in Toronto on March 3 are playing a vital role in ensuring that our country is at the forefront of the financial innovation that is crowdfunding.
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About the National Crowdfunding Association of Canada
The National Crowdfunding Association of Canada (NCFA) 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 1300+ 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. For more information please visit: www.ncfacanada.org
SOURCE National Crowdfunding Association of Canada (NCFA Canada)
For further information: Media Inquiries: Craig Asano, Executive Director, 416-618-0254, [email protected]