Crowdfunding Industry Overview

. • • Market Overview: Strong Political Incentives Crowdfunding is a hot topic amongst start-up, new venture, finance, technology, marketing, government and academic circles OSC has taken a leading role in engaging public discussions. Released a consultation paper in Dec 2012 and received 100+ responses, as set out in its August 2013 progress report CSA viewing Offering Memorandum exemption as Canada's equity crowdfunding exemption CSA released a blanket order that relaxed some financial reporting requirements last Dec 2012 and is reviewing OM exemption options Jun 17, 2013, OSC issued an exemptive relief order for MaRs SVX to sell securities over the internet to Ontario Al investors for 'social impact' deals in Ontario only ($25-50k/year cap) - relief from Suitability Jul 9, 2013, FCAA in Saskatchewan issued a new proposal for comment, which has been called 'Crowdfunding lite' Canadian deal flow is going South to raise capital on US rewards-based portals such as Indiegogo and Kickstarter and equity portals such as AngelList Slide | 29 Employment and Social Development Canada NCFA Michal Chowdurcing Association Canara

View entire presentation