Committment Certificate from Venture Capitalist inform of buying equity of $200,000 Or
Committment Certificate from Angel Investor buying equity of $75000
Or Business Incubator conrming acceptance in one of its program
The applicant should have Required money to settle
Upto 05 owners or partners with more than 50% rights are eligible
Incorporation of Business & operations in Canada should prevail
Police Clearance Certificate
Medical Exam Clearance
Certificates of Educational Certificates Post Secondary & Above
General CELPIP, IELTS for Eng or TEF, TCF for French - Results Min 5
Funds to settle
The applicant Should have $13000 to $30000 + according to family size for living purpose.
Entry & COPR (Conformation of Permanent Residency)
In process of startup Visa, U can apply WP for setup There is no requirement of self investment in Startup Business
In process of startup Visa, U can apply WP for setup
There is no requirement of self investment in Startup Business
Venture capital funds You must get at least one of these groups to agree to invest a
minimum of $200,000:
7 Gate Ventures
Arete Pacific Tech Ventures Corp
BDC Venture Capital
Celtic House Venture Partners
Extreme Venture Partners LLP
Golden Venture Partners Fund, LP
iNovia Capital Inc.
Intrinsic Venture Capital
PRIVEQ Capital Funds
ScaleUp Venture Partners, Inc.
Top Renergy Inc.
Vanedge Capital Limited Partnership
Version One Ventures
Westcap Management Ltd.
Yaletown Venture Partners Inc.
York Entrepreneurship Development Institute (YEDI) VC Fund
Angel investor groups
You must get one or more investors connected to these groups to agree to invest a
minimum of $75,000:
Canadian International Angel Investors
Golden Triangle Angel Network
Keiretsu Forum Canada
Oak Mason Investments Inc.
Southeastern Ontario Angel Network
TenX Angel Investors Inc.
VANTEC Angel Network Inc.
York Angel Investors Inc.
You must be accepted into one of these programs:
Alberta Agriculture and Forestry
Agrivalue Processing Business Incubator
Food Processing Development Centre
Biomedical Commercialization Canada Inc. (operating as Manitoba Technology
Creative Destruction Lab
Empowered Startups Ltd.
Highline BETA Inc.
Innovation Cluster - Peterborough and the Kawarthas
Interactive Niagara Media Cluster o/a Innovate Niagara
Knowledge Park o/a Planet Hatch
Business Immigration Program – Start-up Business Class
Canada welcomes successful business people who are seeking new opportunities and challenges. The Business Immigration Program is designed to encourage and facilitate the admission of these individuals. Both the federal and provincial/territorial governments welcome business immigrants and offer services to help immigrants start a business and settle in Canada.
A start-up business must be a new business intended to be operated in Canada which meets the criteria of a qualifying business, meaning that the new start-up business has received a commitment from:
1. A designated angel investor group confirming that it is investing at least $75,000 in a qualifying business or two or more designated angel investor groups confirming that they are together investing a total of at least $75,000 in such a business
2. A designated venture capital fund confirming that it is investing at least $200,000 in a qualifying business or two or more designated venture capital funds confirming that they are together investing a total of at least $200,000 in such a business; or
3. A designated business incubator confirming that it is accepting the applicant into its business incubator program.
Note: An investment is defined as “buying shares or other forms of equity in the applicant’s business” and
An angel investor group/venture capital fund/business incubator designated by the Minister and eligible to issue commitments under the Start-up Business program.
A qualifying business meets the following requirements:
• A corporation that is incorporated in and carrying on business in Canada is a qualifying business if, at the time the commitment is made, both of the following are true:
o Each applicant holds 10% or more of the voting rights attached to all shares of the corporation outstanding at that time
o Applicants and the designated entity jointly hold more than 50% of the total voting rights attached to all shares of the corporation outstanding at that time
In order to qualify for the Start-up Business Class, a business should be incorporated and carrying on business in Canada at the time the commitment is made. However, consideration will be made for a qualifying business whose incorporation is conditional upon the attainment of permanent residence by the applicant(s).
A "commitment" is an agreement between the applicant and the designated entity to establish and incorporate a qualifying business in Canada. The designated entity must be one which appears in the list of designated private sector businesses. Proof and details of this agreement will be submitted in the form of a term sheet/client agreement along with the Commitment Certificate for the purposes of processing.
• A person who has been issued a permanent residence document based on their application as a member of the Start-up Business class
• A designated angel investor group
• A designated venture capital fund.
A person who is considered to be essential to the business and who has been identified as essential by the designated angel investor group, venture capital fund or business incubator on the commitment certificate and Letter of Support. If the application for an essential person is refused for any reason, all other applications related to that commitment will also be refused.
A term sheet/client agreement (Signed by the designated entity) in combination with a Commitment Certificate completed by an authorized member of the designated entity, binding the applicant to a designated entity. (See angel investor network, venture capital fund or business incubator above).
A commitment sent electronically to IRCC from the designated angel investor group, venture capital fund or business incubator along with the term sheet/client agreement.
Letter of Support
A letter given to the applicant by the designated angel investor group, venture capital fund or business incubator which the applicant must include with their application.
Requirements for Start-up Business Class
Your application to come to Canada under the Start-up Business Class will be assessed on a pass/fail basis against three requirements. The three requirements are:
• Requirement 1: Commitment from a Designated Entity
• Requirement 2: Ability in English, in French or both