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Toronto’s MaRS startup incubator is one of the backers of the MaRS VX trading portal.
Toronto’s MaRS startup incubator is one of the backers of the MaRS VX trading portal.
(Fernando Morales/The Globe and Mail)

OSC approves first online investment platform

The Ontario Securities Commission has granted its first-ever approval for an online investment platform that connects social- and economic-impact businesses to accredited investors, such as venture capitalists.

The portal is called MaRS VX, and it works like an online dating site, matching as it does investors with companies in Ontario that meet MaRS’s financial, social-impact and governance standards. The platform caters to both for- and non-profit organizations tackling problems such as climate change, persons with disabilities or poverty. Issuers must also have less than $25-million in revenue.