Ideavibes founder and CEO, Paul Dombowsky, and CATAAlliance (Canadian Advanced Technology Alliance) CEO John Reid, have announced the launch of an attitudinal survey focused on determining what Canadians think about crowdfunding and their willingness to participate as a funder or a start-up / social enterprise seeking funding.
Crowdfunding describes the collective cooperation, attention and trust by people who network and pool their money and other resources together, usually via the Internet, to support efforts initiated by other people or organizations. Crowdfunding occurs for any variety of purposes from disaster relief to citizen journalism to artists seeking support from fans, to political campaigns, to funding a startup company, movie, or small business. Crowdfunding is a form of crowdsourcing.
According to Paul Dombowsky, operator of the year old Fundchange, “We know there is a great deal of hype around crowdfunding, and we are playing a role in the effort to encourage the provincial governments to adopt supportive legislation for start-up funding. We also know from our experiences with Fundchange that Canadians’ funding behaviour is different online than the Americans or British. We wonder whether our conservative nature is getting in the way of attracting broad based support for crowdfunding – whether it be for start-ups, social enterprises or charities.”
“The results of this survey should help us understand what Canadian’s think about crowdfunding and how willing they are to actually sign-up to solicit funds or be a funder of promising ideas and start-ups,” stated John Reid. “We believe the lack of crowdfunding in Canada is hurting our economy as more and more start-ups look to the U.S. for funding on crowdfunding sites such as Kickstarter. That is a key reason why we support efforts to change legislation making crowdfunding for start-ups legal in Canada.”
Please complete the survey before August 25th and add your thoughts on crowdfunding in Canada.