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Jan 25, 2013

New visa program to woo start ups and entrepreneurs

Advocate Daily Post

A new program designed to lure start-up companies and entrepreneurs to Canada will launch in April.

The start-up visa will be limited to those who already have the backing of a venture capital firm in Canada.

Immigration Minister Jason Kenney says it’s aimed at enticing the best and brightest minds around the world to start new businesses in Canada.

The government will grant a maximum of 2,750 visas a year for each of the five years of the pilot program.

But Kenney says he only expects to see a few hundred people come through the program in the first year as companies figure out how it works.

Toronto immigration lawyer Lloyd Ament tells AdvocateDaily.com he’s skeptical about the program, noting the requirement to secure backing from an existing firm muddies the process.

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