Raising money for your business or product is one of the hardest hurdles you’ll have to vault. For some, gaining startup funds through sites like Kickstarter is one avenue to explore. For others, using the Internet to gain seed funding isn’t yet a possibility. Interestingly, business plans and roadmaps have very little to do with the way that North American entrepreneurs can access crowdfunding. Instead, it seems, it’s a matter of location.
According to current Canadian law, startups (non-profit or otherwise) are barred from offering any kind of revenue percentage when that revenue has been raised through crowdfunding – a law that many feel is outdated. But the Canadian Advanced Technology Alliance (CATA) has just starting campaigning for changes in the law to allow crowdfunding of startup organizations.
Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely
to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space,
Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding
practice expertise and unbiased thought leadership.