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January 24, 2013

New Start-Up Visa Program to be Launched this Year

Posted by admin - Bellissimo Law Group PC

Minister Jason Kenney has announced today that on April 1st, a brand new program will be made available for immigrant entrepreneurs who are looking to enter and enhance the Canadian economy. The new Start-Up Visa will attract entrepreneurs from around the world to start up a business within Canada, and will help immigrant entrepreneurs connect with private sector organizations that are able to provide resources that can assist them with their endeavours, as continuing to build and restructure our economy through immigration remains a top priority for Minister Kenney.

The new Start-Up Visa is one of many factors that will help attribute to Canada’s economic needs. Individuals applying to the Start-Up Visa Program will require support from a Canadian angel investor group or venture capital fund before they can apply. Canadian Immigration and Citizenship will collaborate with two umbrella groups, Canada’s Venture Capital & Private Equity Association and the National Angel Capital Organization. With these groups, they will be able to determine the eligibility of the applicants for this program. The initiative of the program is to help channel Canada as a top destination for start-up companies, and will help connect individuals looking to create more Canadian jobs and expand the boundaries of our economy.

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