Bengaluru
In a move to attract entrepreneurs around the globe, Canadian government recently announced that the pilot program for newcomers launching companies in Canada will be made permanent.
“Our government’s innovation and skills plan has identified the nurturing of entrepreneurship and the growth of startups as vitally important to Canada’s economy, making the Start-up Visa Program permanent supports this very agenda,” said Ahmed Hussen, Minister of Immigration, Refugees and Citizenship.
Some facts about Startup Visa:
-As of July 15, 2017, 117 principal applicants have been approved for permanent residence. These entrepreneurs represent 68 start-ups launched in Canada with the help of the Start-up Visa Program.
-More than 50 Canadian venture capital funds, angel investor groups and business incubators are now designated to participate in the program.
-During the first three years of the pilot program, Start-up Visa Program entrepreneurs received over $3.7 million in investment capital from designated entities to get their companies established and making contributions to the growth and innovation of the Canadian economy.
Are you an entrepreneur? Exploring Canada and interested to know more about this Start-up visa? Contact us at contact@vsnimmigration.com
