SVX, a crowdfunding portal that has been granted a two-year approval by the Ontario Securities Commission, launches officially on the Toronto Stock Exchange on September 19. Designed to facilitate “impact investing,” or the financing of early-stage companies, nonprofits and other organizations that aim to solve social and environmental challenges, the platform is sponsored by innovation hub MaRS Discovery District. SVX was profiled by peHUB Canada in July.
PRESS RELEASE
Launch of SVX impact investing platform
TORONTO, Sept. 18, 2013 /CNW/ – MaRS Discovery District will officially launch its new impact investing platform, SVX (Social Venture Connexion), at the Toronto Stock Exchange on Thursday, Sept. 19 at 9:15 a.m. It is the first local impact investment platform of its kind in North America.
To celebrate the launch, Ilse Treurnicht, CEO, MaRS Discovery District will join Tom Kloet, CEO, TMX Group, the Hon. Dr. Eric Hoskins, Minister of Economic Development, Trade and Employment, and Adam Spence, Associate Director, MaRS Centre for Impact Investing to open trading.
The announcement will be followed by a venture demo day, featuring short presentations from ten of the ventures on the SVX.
SVX started from a simple idea: Mobilize private capital for public good. The online platform will connect investors and funds with local ventures – including not-for-profits, co-operatives and for-profit corporations – that have a demonstrated social and/or environmental impact and the potential for financial return. The platform allows investors to identify screened investment opportunities, reducing the time and cost burden of due diligence, and provides ventures and funds with increased access to capital and financial expertise at low cost.
SOURCE MaRS Discovery District
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