Start-up via program allows entrepreneur immigrants to go to Canada
Are you a
budding entrepreneur with a business idea that you think could build a solid
company and provide employment? Then you might not be aware of a new Start-up
visa program that was launched earlier in 2013 to encourage immigrant entrepreneurs
to Canada so they can help to further grow the Canadian economy.
Countries
often rely upon immigrants to help a country thrive by filling gaps in the work
force or by establishing a business that
will eventually go on to provide employment for local people, but for
any would-be entrepreneur taking the steps needed to immigrate and to start
setting up a business can be a huge challenge.
The new
Start-up visa program is set to run as a pilot over the course of the next five
years. As part of the program, immigrant entrepreneurs will be able to work
alongside organizations from the private sector to get the advice they need so
they can get their business running and hopefully onto the path for business success.
New businesses will also receive advice on the basics of running a business in
Canada.
Citizenship
and Immigration Canada has stated that the program is to be limited to a small
amount of immigrants to begin with. However, the focus for the visa program is
to be different, with entrepreneurs will having to show that they have a proven
level of success in a previous business.
This unique
scheme will offer immigrants the chance to start a new business in a new
country, and will help to boost the Canadian economy by bring new and exciting
businesses to the country.
However,
there are some restrictions for immigrant entrepreneurs hoping to apply to the
program. First of all, business owners will need to have some financial backing
for their promising new venture. This means having the backing of a Canadian
angel investor, a venture capital fund, or the support of a business incubator
before they can apply.
Entrepreneurs
will also have to be able to demonstrate that they have the required level of
spoken English. Entrepreneurs will also need to show that they hold the relevant
qualifications. Moreover, applicants would be subject to other criteria before
they could be considered for the program.
It is hoped that there will be a growing need
for this type of scheme, and that the program will become increasingly popular.
There are also plans to continue to expand the scheme once the demand requires
it.
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