Almost 20+ venture capital funds in Canada can contribute the $200,000 minimum investment required to apply for permanent residency under the Start-Up Visa program. A venture capital fund is formed when a group of investors pool their funds to invest in start-ups that have the potential to grow quickly. Investors seek ownership and are willing to bear the increased risk associated with these enterprises in exchange for a bigger potential return.
Immigration, Refugees and Citizenship Canada (IRCC) has designated the following 21 venture capital funds as permitted to give funding to immigrant entrepreneur applicants under the Start-Up Visa program.
When a potential immigrant to Canada applies for a Start-up Visa, his or her business plan must be supported by a venture capital fund, an angel investor group, or a business incubator. These organisations select which business proposals to analyse, and each has its unique proposal intake procedure and evaluation criteria. If the Start-Up Visa programme applicant’s idea receives two thumbs up, that organisation will send a letter of support, allowing the potential immigrant to complete the process.
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