Canada Set To Launch A Startup Visa Program In 2018 Officially Starting Issuing Startup Visas

04 Sep 2018

Canada has a plan to formally start issuing Startup Visas for entrepreneurs in the present year. This is after, the success of pilot of the program launched in 2013. The government is taking 50 Angel Investor Groups, Canadian Venture Capital Funds, and Business Incubators on board to take part in the program, and soon it will become permanent and regular feature of Canadian immigration scenario.

The visa will also give permanent residency status to entrepreneurs when the Angel Investor Group or the Venture Capital Fund of Canada invests in their business. This will also apply in case they get acceptance into a Business Incubator.

Fresh Approach of Companies

Ahmed Hussen, Minister of Immigration, expressed the opinion that the companies, which will be set up in Canada, by gaining the help of this Startup Visa Program, will provide a victory to the country. They will also help in creating middle-class jobs. Moreover, it will give a boost to the economy.

Furthermore the government has an Innovation and Skills Plan which identifies and nurtures entrepreneurship. The startups are extremely important for the growth of Canada’s present as well as future economy. The pilot has launched 68 startups, and was successful in bringing a combined investment capital of $3.7 million. Furthermore 117 foreigners became Canadian residents.

The minister of Innovation, and Economic Development Navdeep Bains said that many countrymen will benefit from the jobs that these entrepreneurs create, after arriving from all corners of the world to start Canadian businesses. We at Opulentus will help in making a progress in this great step.

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