The 2nd annual Canadian Crowdfunding Summit (#CCS2016) on March 3, 2016 brought together a diverse crowd of companies, investors, providers, industry experts and leaders in the crowdfunding, fintech and altfi sectors. Over 440 attendees were in attendance, including 75+ speakers, 30 sessions and 12 pitching companies.
Now in its second year, the Canadian Crowdfunding Summit (hosted by the National Crowdfunding Association of Canada) is Canada’s only national event on crowdfunding, alternative finance and fintech that brings together Canadian and international industry experts, leaders and innovators in the fast growing and lucrative crowdfunding alternative finance industry. With the newly released equity crowdfunding regulations across Canada and the emergence of marketplace lending and investment bank 2.0 platforms, 2016 is anticipated to be a year of exponential growth.
This year’s Summit was officially opened by Ontario Finance Minister Hon. Charles Sousa, who endorsed the emerging industry, which helps build on the province’s plan for economic growth and job creation.
— Charles Sousa (@SousaCharles) March 3, 2016
Master of Ceremonies Michael Brancroft (Executive Producer of Bloomberg Canada TV and co-host of The Feed with Amber Mac on Sirius XM), Tim Jackson (EVP Corporate and Community Development, MaRS) and Craig Asano (founder and Executive Director of the National Crowdfunding Association of Canada) kicked off the summit at 8:30 am, with Hon. Charles Sousa ringing the opening bell.
— Michael Bancroft (@MBancroft80) March 3, 2016
Following the official opening came the Summit’s keynote speaker Bill Morrow (founder and CEO, Angels Den), who discussed what it takes for a crowdfunding ecosystem to thrive in a country, and not just exist based on over 8 years of insight from having operated Angels Den in the UK and internationally. There is an implied assumption from most crowdfunding platforms that startups “just” need cash to get up and running… but cash is only #3 on most angel investor’s list of important factors to consider, after passion / excitement about the company, and altruism.
Following the keynote were a number of shorter TEDx-style talks and presentation on diverse topics covering Canadian and global market data and trends; the sharing economy; trust and transparency in the internet of money, diversity in crowdfunding; P2P lending and the future of banking; virtual reality; equity crowdfunding’s impact on private and public markets, and marketing to millennials.
|Teri Kirk (CEO, Funding Portal)||
Ted Graham (Innovation Leader, PwC)
|Bernd Petak (Founder and CEO, Finstripe)||Amy Cortese (founder and editor, Locavesting)|
Cato Pastoll (Co-founder and CEO, Lending Loop)
|Christopher Charlesworth (Co-founder and CEO, HiveWire)|
|Peter-Paul Van Hoeken (CEO, Frontfundr)
Sophie Nicolaou (Head of Marketing and PR, Lending Arch) and Ryan Laidlaw (FinTexpert, Lending Arch)
Next came the much-anticipated panel ” Fireside Chat with Crowdfunding Rockstars” moderated by Mark Evans (Principal, ME Consulting) with panelists Daniel Blumer (CEO/Co-founder, Revol Technologies Inc, whose raised over $2.6 million USD for their Revols product – Bluetooth earphones that mold to the contours of a person’s ears, earning them the new record for Canada’s top crowdfunding campaign; Behrouz Hariri (Co-founder, Smart Nora), raised more than $1 million USD in pre-orders for Nora, the non-invasive and smart snoring solution and Judeh Siwady (CEO/Founder, Spacefy), who recently raised capital through equity crowdfunding for Spacefy, which gives creators access to unique and under-utilized spaces while allowing space owners to further monetize their spaces.
— Mell (@MellFeurtado13) March 3, 2016
— Daryl Hatton (@DarylHatton) March 3, 2016
Finally, the morning session wrapped up with an industry experts panel on Regulatory Perspectives: What to Expect in 2016 with securities lawyers, the Ontario Securities Commission, an founders of leading crowdfunding and crowdlending platforms moderated by Alixe Cormick (President, Venture Law Corporation) and panelists Daryl Hatton (CEO, Sponsifi & FundRazr), Monica Kowal (Vice Chair, Ontario Securities Commission), Jason Saltzman (Partner, Dentons Canada LLP) and Kevin Sandhu (CEO, Grow).
Then comes the mad dash to the buffet tables as lunch time rolls around! Several guests avoided the lines by going to R2CROWD’s Lunch & Learn in the green room: How to Achieve 8-12% Annual ROI in Commercial Real Estate through Crowdfunding.
— AllysonHewitt (@AllysonHewitt) March 3, 2016
— NCFA Canada (@NCFACanada) March 3, 2016
— OSC News (@OSC_News) March 3, 2016
After lunch, the crowd chose from 5 concurrent afternoon streams of workshops, panel sessions and live pitching. Here’s a look at the highlights from the Main Stage (Auditorium B+C), where the following sessions took place:
- 1:15 PM: The Emergence of Fintech in Lending: What it Means for Banks and Main St. [Moderator: Sarah Efron (Small Business Editor, The Globe and Mail), Panelists Kevin Clark (Co-founder and President, Lendified), Tabitha Creighton (CEO/Co-founder, InvestNextDoor) and Jeff Mitelman (CEO, Thinking Capital)]
- 2:00 PM: Investment Strategies: Why Leading Angels/VCs are Joining the Crowd [Moderator: Sunil Sharma (Managing Partner, Extreme Venture Partners), Panelists Janet Bannister (General Partner, Real Ventures), Karen Grant (Executive Director, Angel One Investor Network) and Jim Orlando (Managing Director, OMERS Ventures)]
- 3:00 PM: Market Makers: Equity Crowdfunding’s Impact on the Innovation Economy [Moderator: Megan Cornell (Founder & CEO, Momentum Law), Panelists Sandi K. Gilbert (Founder & CEO, SeedUps Canada), Rubsun Ho (CEO, Crowdmatrix) and David Shore (Director, Investor Relations, OurCrowd)]
- 3:45 PM: Hot Vertical: Real Estate Crowdfunding, an Emerging New Asset Class [Moderator: Brooks Barnett (Manager, Government Relations & Policy, Real Property Association of Canada), Panelists Ann Kaplan (CEO, Brix RCR), Amar Nijjar (President & CEO, R2Crowd) and Hitesh Rathod (CEO, NexusCrowd Inc.)]
— R2CROWD (@R2CROWD) March 3, 2016
Highlights from the Tactical Stream (Auditorium A), where the following sessions took place:
- 1:15 PM: Big Data Investment Trends and Digital Finance Technologies [Moderator: Asier Ania (Co-Founder, HiveWire), Panelists Steven Dryall (Principal, Incipient Technologies), Craig O’Neill (CEO & Director, Versapay) and Angela Wang (Associate Director, Big Data, North America, UnionPay Smart)]
- 2:00 PM: How Dubuc Motors, Canada’s first EV car, is raising $25M in the US?[Moderator: Carlos Pinto Lobo (Chief Compliance Officer), Panelists Alixe Cormick (President, Venture Law Corporation), Mario Dubuc (Co-Founder & CEO, Dubuc Motors) and Mike Kakogiannakis (Co-Founder & COO, Dubuc Motors)]
- 3:00 PM: The Marketplace Lending Opportunity for Banks and Institutional Investors [Moderator: Dr. Sean Geobey (Assistant Professor at the School of Environment, Enterprise and Development, University of Waterloo), Panelists Jeff Brown (Vice President, Community Banking, Meridian), Tabitha Creighton (CEO/Co-founder, InvestNextDoor) and Colin Kilgour (Co-founder, First Marketplace Group)]
- 3:45 PM: Making the Most of Every Dollar Raised: Financial Planning for SMEs [Presenters: Darryl Irwin (Tax Partner, PwC) and Alan Lio (Senior Tax Associate, PwC)]
Highlights from the Tactical Stream (CR2), where the following sessions took place:
- 1:15 PM: Crowdfunding Best Practices: Pre, Launch, and Post Campaign [Moderator: Christopher Charlesworth (Co-Founder and CEO, HiveWire), Panelists Bret Conkin (Founder & CEO, Crowdfund Suite), Khierstyn Ross (Founder & Podcaster, Uncut Entrepreneur) and Jaimy Warner (Executive Director, Raindance Canada)]
- 2:00 PM: The Longest 40 Days of Your Life: AMA (Ask Me Anything) [Moderator: Sunny Shao (Advisor, National Crowdfunding Association of Canada), Panelists Gareth Everard (Co-founder, Rockwell Razors), Viktor Grabovskyy (Co-founder, Forever Spin) and Corey Herscu (President, Herscu and Goldsilver)]
- 3:00 PM: Protecting Yourself, Your Business and Your Crowdfunding Investment [Moderator: Jeff Musson (President, Dynamite Network), Panelists Chantal Cipriano (Lawyer / Manager, Compliance, BMO Private Banking), Marvin Huberman (Barrister, Mediator, Arbitrator, Marvin J. Huberman) and Monica Tigleanu (Financial Institutions Underwriter, AIG)
- 3:45 PM: Community Capital and Locavesting [Moderator: Amy Cortese (Founder & Editor, Locavesting), Panelists Jennifer Bryan (Community Investment and Marketing Manager, SolarShare), Trish Nixon (Director of Investments, CoPower) and Adam Spence (Founder & Director, The SVX, MaRS Centre for Impact Investing)
— Crowdmatrix (@crowdmatrixinc) March 3, 2016
— Startup Peel (@Startup_Peel) March 3, 2016
Highlights from the Meet & Greet (Green Room), where the following sessions took place:
- 1:15 PM: Meet & Greet with Dentons: Crowd Financing Options for Start-Ups [Kris Miks (Senior Associate, Denton and Jason Saltzman (Partner, Dentons Canada LLP)]
- 2:00 PM: Presentation & Discussion by OSC: Ontario’s Crowdfunding Regime (MI 45-108) [Maria Carelli (Senior Accountant, Compliance and Registrant Regulations, Ontario Securities Commission) and Rick Whiler (Senior Accountant, Corporate Finance Branch, Ontario Securities Commission)]
- 3:00 PM: Hosted by NexusCrowd: Crowdfunding Real Estate Primer for Accredited Investors [Hitesh Rathod (CEO, NexusCrowd Inc.)]
And last but certainly not least, highlights from the Live Pitching stream (CR3) where 12 startups pitched in front of a panel of judges and the crowd for “Front of the Line” Golden Tickets to CBC Dragon’s Den auditions.
- 1:15 PM: Live Pitching Live Pitching 1 – Session Lead: DMZ (post-revenue)
Pitchers: Pinnguaq (Ryan Oliver), SmartHalo (Xavier Peich), Riipen (Richard Tuck)
Judges: Bill Morrow (Angels Den), Sherif El-Tawil (DMZ), Kathryn Wortsman (MaRS)
- 2:00 PM: Live Pitching Live Pitching 2 – Session Lead: Founder Institute (pre-revenue)
Pitchers: Vizwik (Simon Gauvin), Flipd (Andres Moreno), Rna Diagnostics (John Connolly)
Judges: Kamal Hussein (IncMind), Dr. Marat Ressin (YEDInstitute), Russell Samuels (Whitecap Venture Partners)
- 3:00 PM: Live Pitching Live Pitching 3 – Session Lead: Startup Canada (post-revenue)
Pitchers: Stashbelt (Jonah Brotman), Comfable (Neda Ghazi), The Sharing Depot (Ryan Dyment)
Judges: Sean Burke (Frontfundr), Jim Orlando (OMERS Ventures), Sean Wise (Ryerson University)
- 3:45 PM: Live Pitching Live Pitching 4 – Session Lead: MaRS (3:45 PM pre-revenue)
Pitchers: Yirego (Megan Savage), NERv (Amr Abdelgawad), Eye-LIVE (Murray McKercher and David Baker)
Judges: Ben Zlotnick (INcubes), Mark Skapinker (Brightspark Ventures), Anthony Lipschitz (Thinking Capital)
The crowd gathers back in the main auditorium for the closing panel, closing keynote and closing remarks for the day, including a power panel of experts discussing the future of crowdfunding and the democratization of finance moderated by Erin Bury; a look at P2P decentralized networks by Anthony Di Iorio, who raised over $18 million for his Ethereum crowdfunding campaign (the 5th largest crowdfunding campaign in the world, also partially funded by bitcoin); and finally closing remarks by Adam Nanjee, Head of Fintech at MaRS.
— Manan Buch (@MananRBuch) March 3, 2016