Raising funds for your business can be a challenge. Crowdfunding — collecting financial contributions from many strangers not usually connected to the financial sector — represents an alternative to traditional forms of financing your business dream.
Crowdfunding is usually done over the Internet, for a fee, through crowdfunding platforms and funding portals. Participating in online communities dedicated to this type of fundraising can help you collect donations, offer rewards and take pre-orders. Equity crowdfunding is being considered by some provincial and territorial securities regulators, and could become an option in some regions. Stay informed about what you can and can't do.