Once in a while, I come across something so exciting that it’s hard to not blog about it. Like this Social Venture Connection (SVX) just given a green light at MaRS.
Social finance is exploding in Canada. Social Venture Connection is the latest addition to this revolution that Don Tapscott wrote about at length in The Guardian last week. Similarly, our local startup scene is exploding. We have over 600 startup HQs in Toronto, and that number is only going to grow.
“What if we could connect money and meaning?” – SVX.ca
SVX represents just the kind of breakthrough we need in Canada.
where even Kickstarter famously falls into the legally grey area under our government regulations. [update: Kickstarter is now fully legal and available in Canada!] It’s a sign of good things to come, and a huge incentive for local ventures to spend their time on projects that really matter, and not just toil on yet another way to display your Facebook and Twitter feeds (cause, Facebook! In 3D! Who cares). I’m looking forward to the progress MaRS, CSI, and others make as they tackle social finance and crowdfunding challenges in Canada.
- Bonus for social finance supernerds: legalese on SVX.
While crowdfunding and social finance might fall in a buzzwords category for many of us, alongside big data and anything open and disruptive, social problems like the number of young people in Canada looking for work and rising costs of living that force people to go hungry every day in the GTA are very real. We need initiatives like SVX. We need to connect money and meaning better.