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Development Section

Intrastate Crowdfunding in Alaska

Crowdfunding is the funding of a project or venture through a large number of people each contributing a small amount of money. In 2016, the Alaska State Legislature passed the Innovating Alaska Act, which allows any Alaska resident, regardless of wealth or experience, to invest in Alaska businesses through crowdfunding. The Innovating Alaska Act allows Alaska businesses to raise up to $1 million from individual Alaskans in individual investments of up to $10,000 per person. The State of Alaska Department of Commerce, Community, and Economic Development, Division of Banking and Securities oversees the crowdfunding program, and the Division of Economic Development helps promote the program and provide education to companies and investors alike. Like any form of investing, investing via crowdfunding can be quite risky, and our goal is that businesses and investors have all the information they need before engaging in intrastate crowdfunding.

The Division of Economic Development (DED) has developed these Frequently Asked Questions about crowdfunding and a one-page information sheet to help Alaska businesses and investors decide if it is right for them, as well as a Prospectus Template that DED recommends using when engaging in intrastate crowdfunding. This prospectus should be given to prospective investors and helps them get to know your business, your plans for the capital raised, and to understand the risks.

For more information contact:

Dept. of Commerce, Community and Economic Development
Division of Economic Development
550 W. 7th Avenue, Suite 1770
Anchorage, Alaska
Phone: (907) 269-8150

Dept. of Commerce, Community and Economic Development
Division of Banking and Securities
550 W. 7th Avenue, Suite 1850
Anchorage, Alaska
Phone: (907) 269-8140