TORONTO – Angel Investors Ontario (AIO) announced today that The Ontario Securities Commission (OSC) is providing $189,000 in funding for the development of investor education initiatives.
Angel Investors Ontario will use the funding to develop investor education materials for accredited investors participating in early-stage investments. The funding is an allocation from the OSC’s Designated Fund and will be provided in two installments over two years.
“The OSC’s funding will help Angel Investors Ontario perform outreach to the growing pool of sophisticated retail investors in our province to strengthen financial literacy and build awareness of available resources,” said Grant Vingoe, CEO of the OSC.
Mark Lawrence, Chair, AIO Board, says “This funding from the OSC will help to strengthen our educational resources for accredited investors. These educational modules will help to increase the capital pool available to entrepreneurs while increasing investor protection measures.”
AIO convenes Ontario’s Angel investors, who directly provide capital and volunteer mentorship to innovative start-ups province-wide. Ontario’s Angels represent approximately 60% of Canadian organized Angel investments into entrepreneurs, many of whom are leading the charge in the Canadian innovation economy. Organized Angel groups are regarded as the most effective means to help entrepreneurs attract critical funding and experienced mentors.
AIO fosters the success of Ontario’s angel groups by sharing information and educational tools to transfer the best practices across the angel-investing ecosystem. Ontario’s angel groups are drivers of economic development and job-creation. At Angel Investors Ontario, our mission is to grow Ontario’s Angel investing ecosystem to build prosperity, create jobs and strengthen communities.
The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://osc.ca.
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