Apply for a Start-up Visa
Canada welcomes innovative business ideas and invites entrepreneurs from other countries to benefit from the strong Canadian economy. The Start-up Visa (SUV) program launched by the Citizenship and Immigration Canada (CIC) targets foreign start-ups that have the potential to build innovative businesses within Canada that further innovate its entrepreneurial ecosystem. The process is intended to allow for the expedited migration of foreign owned businesses looking to operate in Canada by providing up to five (5) founders or core team members with a permanent residency, provided that they meet the criteria established under the program and CIC’s normal requirements for immigration.
VANTEC Angel Network is one of British Columbia’s designated organizations that can support applications for a SUV. As a Designated Angel Group participant in the SUV program of the Citizenship and Immigration Canada - this would be the first level of assessment of your intention to apply.
Overall requirements :
-English or French proficiency in reading, writing, speaking and listening
-Minimum of one year post-secondary education
-Prove investment commitment from either venture capital organization or angel network with a letter of support
-Minimum investment commitment of either $75,000 from an approved angel network or $200,000 from a venture capital organization
What we can provide :
-An initial assessment for the SUV Program
-Potential investors to hear project pitches
-A letter of support for your CIC application, after collecting $75,000 investment
Preparing your Application
The first part of the application is an initial assessment and validation of the potential applicants to the SUV program. We have partnered with Can Achieve Consultants to review your application.
Please note that there is a small Fee for this initial service to cover administration costs. You are not obligated to use the services of Can Achieve Consultants. Further, this is not a promise that your application to the Start-up Visa Program would be successful as we have no latitude to make such promises nor are we accredited by the Canadian Government to make such promises.
Submitting your application :
-Fill out the Start-up Visa Assessment Form
-Email form to Can Achieve Consultants
Successful applicants of the initial VANTEC assessment and validation will continue to pitch the business for investment. VANTEC’s assessment and qualification are rigorous and may require pitching your project to its members. Pitching procedures may include a 90 second Elevator Pitch, Peer Group Pitch acceptance, and a final lengthier Pitch to Vantec Members consisting of Angel Investors who may invest in your project. Therefore, please note that you may be required to be present to attend to the pitch process.
Please read through our page about pitching to Angel Investors carefully to ensure your project is within our scope of interest.
Please note that due to the volume of SUV Applications, we may not have time to respond to each inquiry. Suffice to say that if you do not receive a response from us within 21 days, your assessment did not qualify with us.