TORONTO, ON / ACCESSWIRE / June 20, 2017 / Today, the National Crowdfunding Association of Canada (NCFA Canada), a non-profit organization focusing on constructive engagement with investment and social Fintech stakeholders across the country, seeks the participation of all companies, investors, and online funding platforms to help define the future of alternative finance crowdfunding in Canada by sharing their voice in the 2017 survey before June 30.
This is a vital time for the alternative finance crowdfunding sector in Canada. While market volumes grew 48% from 2013-2015, and are predicted to reach CA$ 190 Million in 2016, many industry experts believe that Canadian markets continue to fall behind international competitors, such as the US, who have achieved industry volumes in the same period reaching US $34.5 Billion, due to non-uniform rules and market stifling regulations.
Your feedback is paramount to fill a void in Canadian Alternative Finance. “Capital allocation, especially in the exempt market, is largely opaque. The information gap is worse for small businesses because there are limited or no reporting requirements and financing sources are highly fragmented.” (Jun 15 Ontario Exempt Market Report, OSC Staff Notice 45-715).
With this data, NCFA Canada seeks to inform government, industry, and the general public of emerging online funding platform characteristics, while also capturing the sentiment of both prospective companies and investors relying on the new crowdfunding regime in Canada, with the results to be published later this year in the annual NCFA 2017 industry report. There is an overarching need to build a stronger effort for improved regulations, encourage nationwide acceptance, and adapt/catch-up to international comparators that are leaving Canada behind in an all too familiar story.
The crowdfunding sector in Canada offers tremendous potential to innovate and improve capital formation, storage, and the distribution of resources by leveraging technology to unlock transactional inefficiencies, provide more liquidity, and help small businesses, the backbone of the Canadian economy, to commercialize and globally compete in modern digital times. Increased advocacy for Alternative Finance will channel more opportunity for small businesses in Canada.
On the cusp of Canada’s 150th birthday, now is the time to rally support for Canada’s Alternative Finance Industry by participating in NCFA Canada’s 2017 Alternative Finance Survey. All responses will be kept strictly confidential and shared only on an aggregate basis. All responders will be entered into a draw to receive $150 value gift card incentive for their time.
Please take 5 minutes and show support for capital innovation, SME growth, and new investment opportunities in alternative finance markets and Have Your Voice Become a Momentum Changer for Canada.
About the National Crowdfunding Association of Canada
The National Crowdfunding Association of Canada (NCFA Canada) 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 1500+ 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.
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SOURCE: National Crowdfunding Association of Canada