The start-up visa program, started last year in Canada is being given a great push by the Minister of Canada Citizenship and Immigration, Chris Alexander in order to meet the labor demands of the country and also to generate employment.
This initiative is considered the first of its kind in the world as it provides the aspiring immigrant entrepreneurs to create a link with the experienced private sector organisations. It has also managed to bring together angel investor groups and business incubators hence throwing more limelight on this newly introduced program and its benefits.
Chris Alexander has had meetings and discussions with many business leaders who aim to attract innovative ideas to be a part of the country adding to its prosperity and growth. He feels it important to build an efficient, strong and flexible immigration system which leaves no stone unturned in fulfilling the needs of the Canadian economy.
This program encourages existing, strong business firms to come up with exciting start-up opportunities to help Canada compete on the global scale.
To stand eligible for the start-up visa program, the entrepreneur must:
• Prove that the business idea or venture is supported by a designated Canada angel investor group, business incubator or venture capital fund.
• Have a confirmation of completing one year education at a post-secondary institution.
• Be fluent with English, French or both. Should have a command over the language to communicate and also good writing skills.
• Be having enough funds to support his/her family and dependents after stepping into the country. This money should not be borrowed as it helps bear the expenses of the family before establishment of the business and commencement of a regular income.
In order to give a boost to the applications for the start-up visa, Citizenship Immigration Canada will also launch an ‘Express Entry system’ in 2015 which will welcome the economic immigrants in a much better way and faster pace through electronic management.
A number of round table dialogues, discussions and analysis between business incubator ‘Communitech’ and Chris Alexander have set the aim straight for the country. These efforts to promote the program will ultimately prove to be very positive for the citizens as well as the new-comers in the entrepreneurial group. Better ideas generating more employment will also pump the dynamic entrepreneurs to come up with more creative innovations all contributing to the well-being and welfare of the nation.