The Canadian Advanced Technology Alliance (CATA) today sent an open letter to Industry Minister Christian Paradis calling for federal support of crowdfunding.
The federal government should take a lead role and develop a model framework for equity-based crowdfunding, the alliance says. Provincial governments could then use that to pursue it separately.
The federal government could also provide tax credits targeted at investments that help entrepreneurs, the letter says. It could be aimed at eliminating the funding gaps identified on the innovation chain – in the phase where a company takes technology from pilot to commercial production, according to research by Sustainable Development Technology Canada.
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.