NACO has worked diligently over the summer, with its partners to analyze the proposed changes to Canadian Controlled Private Corporations (CCPC), in order to understand the impact they may have on Angel investors, and our domestic innovation ecosystem more broadly.
Stimulating Investment in Canadian Ventures
NACO is proud to publish its first whitepaper with the objective to promote policy initiatives intended to increase the number of successful startup companies, jobs, and wealth creation by supporting early stage capital investment provided by Angel investors in Canada.
NACO suggests the following policy initiatives:
- Provide incentives for Angels to increase the supply of investment capital
- Eliminate deemed benefit on insurance of CCPC founders' shares or stock options to employees
House of Commons Standing Committee on Finance
As the national industry association for Angel investors, NACO is able to leverage the knowledge, experience and networks of its membership to support Canadian early-stage investors. While NACO is establishing long-term, sustainable funding through membership fees, corporate partners and events, achieving organizational growth objectives will require near-term support from government.
NACO recommends the following:
- Funding a nationally-coordinated network supporting Angel investment
- Refinancing existing programming supporting Angel investor networks and supporting the priorities of the committee
OSC Staff Consultation Paper
NACO was asked to respond to the OSC's Consultation Paper 45 710: Considerations for New Capital Raising Prospectus Exemption, which deals with proposed changes to the definition of an accredited investor, creation of education or experienced based exemptions, crowdfunding as a concept, among others.