Businesses Can Access Capital through Crowdfunding
Last month, President Obama signed the Jumpstart Our Business Startups (JOBS) Act, a bill designed to stimulate the creation of more startups and support our nation’s vital small businesses by allowing them to raise capital from investors more efficiently.
Among the key provisions, the legislation allows small businesses and startups to harness “crowdfunding” as a means of accessing capital. As a result of the bipartisan measure, growing businesses will be able to access financing while maintaining investor protections. In addition to crowdfunding, it calls for the expansion “mini-public offerings,” and creation of an “IPO on-ramp” consistent with investor protections.
According to Tom Guy, who oversees Innovate New Albany, crowdfunding gives businesses in the New Albany incubator another route to raise capital in addition to traditional venture capital firms. He plans to offer workshops on crowdfunding when the federal program is implemented. Guy worked with Pelotonia to utilize crowdfunding as a fundraising mechanism for the annual cycling event that raises money for cancer research at The Ohio State University James Cancer Hospital and Solove Research Center.
For more information, visit this link.
Expert Office Hours
Your Questions • Our Experts
Private Appointments
9:00 am – 12:00 pm
2025
Thu Apr 24 | Thu Sept 18 | Thu Dec 11 |
Thu May 22 | Thu Oct 16 | |
Thu June 19 | Thu Nov 13 |
Register 2-3 weeks in advance
Have Expertise?
Subscribe to Our Updates!
Why New Albany?
As a community created by innovators for innovators, New Albany offers a robust ecosystem that leverages entrepreneurship, business connectivity, public-private partnerships and quality of life to inspire creativity and accelerate commerce.