Startup Visa program in Canada: The New Mantra for Global Entrepreneurs

By |2018-08-20T06:24:13+00:00May 24th, 2018|Canada Work Visa|

Steven and Joseph Bennett were unsure about the prospects of gay marriage in Australia a year ago. As a result, they were determined to find a different country in which to settle with their two children and launch their third startup.
“Canada is a beautiful country, and we love it,” said Steven, a CEO, and co-founder of a reputed Vancouver virtual reality firm.

After doing some recon in Toronto and Vancouver, the couple applied for entrance into Canada in December 2016, through the Start-up Visa pilot, which is a startup visa program in Canada.

The program enables entrepreneurs from different countries with a chance of permanent residency if they get support from a venture capitalist, an angel investor group, or a business incubator to launch their startup plan with a startup visa in Canada.

The Startup Visa pilot was introduced in April 2013. It granted a total of 117 startup visas over 4 years before the Canadian government announced in July 2017 that it would make the program permanent the following year. As of the 30th of September 2017, another 21 applicants have been approved for the startup visa in Canada.

December 2018 marked the launch of Steven’s Virtual Reality firm’s first product: a VR game following players as they move through fantasy worlds. This is in spite of the fact that the Bennetts had to stay out of business operations as they awaited permanent residency while on Visitor Visas.

Steven’s startup already employs 5 full-time and 5 part-time workers, and he expects to ramp up hiring this year (2018). However, critics have been swift to pounce on the relatively small number of entrepreneurs to enter Canada through the startup Visa pilot startup Visa program in Canada.

Our immigration lawyer at The SmartMove2Canada stated that the pilot program only began to draw numbers in 2016. Since then, however, it has looked quite effective.

Meanwhile, the government of Canada is enforcing other programs to bring in foreign workers in an attempt to spur growth in the tech industry of the nation. The strategy promises to “process 80% of work permit applications for specialized tech works within 10 business days, while employers pay the government $1,000 per position.”

According to government spokesperson Faith St. John, Immigration, The IRCC (Refugees and Citizenship Canada) processed in excess of 2000 applications from the program’s launch in June 2017 till today.

Co-Ceo of Canada Drives Cody Green said that growth at his firm specializing in automobile financing has been overridden with difficulties while recruiting tech workers from Canada. The company has hired around a 100 workers in the past year, and Green plans to hire another 100 in the coming year.

Green says the company has been “exhaustively looking” for Canadian software designers, engineers, database analysts and computer programmers to fill in “niche” positions. Following the June rollout of the Global Skills Strategy by the Canadian Government, he said the company was able to hire several workers from countries like India.

The SmartMove2Canada specializes in all matters of Canadian Immigration, including the startup visa program in Canada. If you are interested in getting yourself a startup visa in Canada, do not hesitate to approach our reliable and efficient immigration attorneys for an initial consultation. The initial consultation will enable you to check your eligibility for the startup visa program Canada.

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About the Author:

Siddhant Menon is a writer by profession and a writer by heart. He is one of the lucky individuals whose personal and professional interests have converged. Blessed with the ability to communicate complex ideas through the power of words, Siddhant prides himself on being the person people can depend on in order to understand their work/thoughts/emotions and explain it to the general population. This is exactly what he does for SmartMove2Canada. He is an outsider with an insider’s view of the Immigration Law Consultancy.