It is to be launched on 01.04.2013 and the goal is to unite Canadian money and foreign brains. The Canadian start-up visa would grant permanent resident status, which can then lead to citizenship. Officialdom URL http://startupvisa.ca/
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Canada seeks innovative entrepreneurs who have the potential to build dynamic companies that can compete on a global scale. The Start-Up Visa Program will link immigrant entrepreneurs with experienced private sector organizations that have expertise in working with start-ups.
The pilot will run for up to five years. Citizenship and Immigration Canada (CIC) expects that due to the narrow focus of the Program, initially, the number of applications will be limited. However, the focus of the Start-Up Visa will be on the quality of the applicants and on establishing a track record of success, so that the Program can be expanded quickly to fill what we hope will be a growing demand. If the Program proves successful during the five-year trial period, CIC may formally introduce it as a new economic class in the Immigration and Refugee Protection Regulations.
Benefits of the Program
The Start-up Visa Program will enable immigrant entrepreneurs to launch innovative companies that will create jobs in Canada, and eventually, compete globally.
The Program will provide entrepreneurs with valuable assistance in navigating the Canadian business environment which can sometimes prove challenging for newcomers.
The Program will provide private sector firms with access to a broader range of entrepreneurs, including the best and the brightest minds from around the world.
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