Feds Support the Startup Ideas by Offering Visas to the Foreign Entrepreneurs

Posted by admin | 04.05.13

canada visaA new Startup Visa Program has been launched by the federal government. It is inviting the foreign entrepreneurs who have a good business plan along with financial assistance of the Canadian investors.

Canadian economy is based on two vital drivers, viz., Innovation & Entrepreneurship. Canada aims to emerge as a global destination for the startup innovators. Hence, the government plans to provide new foreign entrepreneurs permanent residency in Canada. Also the government wants to facilitate access to the business partnerships for these entrepreneurs. The other reason is creating new opportunities for Canadian people in terms of new jobs. The startup visa program is their means to complete with the world and to stimulate their economic growth.

There are certain conditions that the foreign entrepreneur must fulfill so as to apply for the permanent residency in Canada. The entrepreneur needs to get hold of a significant investment commitment from a renowned venture capital fund or an angel investor group. Proficiency in local language and a minimum one-year education at a post secondary institute is required.

The Canadian government is bringing transformations to the immigration system of Canada. These changes will make the system more flexible, focused and fast. This startup program would initiate exciting new opportunities for the growth of the Canada’s economy.

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