Crowdfunding has become a very popular topic here in Canada, and for good reason, it\u2019s really the key to unlocking their future, in a pretty seismic way.<\/p>\n
By this I mean the nation has a notorious \u2018Innovation Gap\u2019 and lament a lack of Venture Capital as the reason, but really what is missing is a general culture of innovation and better processes for early stage commercialization. Most important it needs a tech sector policy because there isn\u2019t one.
\nIn absence of these things Crowdfunding offers a \u201csystem of the people\u201d approach, like Napster or EBay, and so it\u2019s not dependent on government policy or even funding, it could be entirely self-generated, and most likely will be.
\nIt\u2019s important for Canada because Crowdinvesting isn\u2019t about replacing the traditional VC or high-street bank, but rather it\u2019s about leveraging the Internet for new markets especially those at the grass roots level; lots of little projects of all shapes and sizes.
\nThis is actually what Canada needs more so than the VC part, which is going to be really difficult to pull off to be honest. In contrast a Crowdfunding platform is easily implementable for affordable venture rates and could support a lot of active Canadian ventures.<\/p>\n