Luring, Retaining and unlocking talent is important for startup growth in Canada

May 03, 2016

According to the reports from Council for Information and Communications Technology (ICT), there are over 1,00,000 important ICT jobs that are waiting to be filled up in Canada.  For developing and implementing the strategies to lure and retain universal talent and for unlocking the entrepreneurial potential of latest citizens of Canada the Canada government should collaborate with the innovation and entrepreneurial ecosystems in Canada.

Luring, Retaining and unlocking talent is important for startup growth in Canada

Key policy amendments are important to expedite the process for businesses of Canada to employ skilled employees from outside of Canada, that includes update of existing  provisional job permit programs for making sure that the firms could link up with the skilled latest new comers in Canada more effectively.

Retaining talented students who had completed their graduation from the universities of Canada is a key challenge for addressing the skills gap in Canada.  According to the Bureau of foreign education of Canada there are around 3,36,000 foreign students in Canada and 51% of these plans to apply for Canada PR. 

For foreign students who seek to start a firm in Canada, there are many alternatives for them to obtain PR  apart from the Startup visa program.

Speeding up the process of PR applications for foreign graduate students would assist in filling the skills gap.

For filling the skills gap, Canada would require to leverage the skills of latest new comers in Canada who are residing there.  Reports has revealed that people who migrate to Canada looks to start their own business rather than citizens of Canada.

On 5th May 2016. the innovators, entrepreneurs and the anchor firms would provide direct inputs to the innovation agenda of Canada by taking part in on stage panels, hearing on policies at the Canada Startup Day at the Hill.

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