Permanent residency in Canada for entrepreneurs trough Launch Academy’s startup visa program

on

Launch Academy’s startup visa program gives entrepreneurs permanent residency in Canada.


As the U.S. seems to be hellbent on making itself less attractive to immigrants and visitors, its neighbors to the north are sensing an opening and going the other way in an effort to attract the smartest tech entrepreneurs. The country launched its startup visa program a few years ago and even though growth was slow (maybe too slow) in the early years, it’s now ramping up. To apply for a startup visa, entrepreneurs had to first secure a minimum investment of at least $200,000 from a Canadian venture capital fund or $75,000 for a Canadian angel investor.
Launch Academy’s startup visa program gives entrepreneurs permanent residency in Canada

Posted 38 minutes ago by Frederic Lardinois (@fredericl)
As the U.S. seems to be hellbent on making itself less attractive to immigrants and visitors, its neighbors to the north are sensing an opening and going the other way in an effort to attract the smartest tech entrepreneurs. The country launched its startup visa program a few years ago and even though growth was slow (maybe too slow) in the early years, it’s now ramping up. To apply for a startup visa, entrepreneurs had to first secure a minimum investment of at least $200,000 from a Canadian venture capital fund or $75,000 for a Canadian angel investor.

Launch Academy, the Vancouver-based not-for-profit startup accelerator, is starting a new program in partnership with the Canadian government that does away with this requirement. Instead, Launch Academy and its advisers will vet applicants and recommend them to the Canadian government for the visa and permanent residency process. Because of this, it’s not just an option for startups but also for founders of more mature companies that want to put their roots down in North America.
Successful applicants — and their families and core team — will be immediately eligible to apply for work visas and permanent residency. Those visas should arrive within weeks (and potentially faster) and the residency process should take about six months.
The team is especially looking for companies that work in AI, VR/AR/MR, blockchain, fintech, data science, quantum computing, healthtech and cybersecurity, though others can apply.
Entrepreneurs will also get access to the Launch Academy network of mentors and support and services from companies like Microsoft, Amazon and Google (mostly in the form of cloud credits). Sadly, entrepreneurs will not receive a lifelong supply of delicious poutine.
Source: TechCrunch

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s