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New entrepreneur program to launch

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by Toronto

The federal government has announced it will launch a new program on April 1 to recruit innovative immigrant entrepreneurs to Canada.

The federal government has announced it will launch a new program on April 1 to recruit innovative immigrant entrepreneurs to Canada.

“Our new Start-Up Visa will help make Canada the destination of choice for the world’s best and brightest to launch their companies,” said Citizenship, Immigration and Multiculturalism Minister Jason Kenney in a news release. “Recruiting dynamic entrepreneurs from around the world will help Canada remain competitive in the global economy.”

The program will link immigrant entrepreneurs with private sector organizations in Canada that have experience working with start-up companies and who can provide resources.

The government says the program is part of a series of changes it is making to make the Canadian immigration system faster, more flexible and focused on the country’s economic needs.

Initially, Citizenship and Immigration Canada (CIC) will collaborate with umbrella groups Canada’s Venture Capital & Private Equity Association (CVCA) and the National Angel Capital Organization (NACO) who will identify which members of their associations will be eligible to participate in the program. CIC is also working with the Canadian Association of Business Incubation to include business incubators in the list of eligible organizations as soon as feasible.

“Working with CIC and angel groups across the country, this initiative will create Canadian jobs and position Canada as a leader in innovation,” said NACO board chair Michelle Scarborough in a news release.

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