The Start-Up Visa program is unique to Canada and has been implemented to encourage foreign entrepreneurs to come to Canada, create new jobs and stimulate economic growth. 

A program such as the Start-Up Visa expects a limited number of applicants due to its narrow focus, but the focus is on quality not quantity, and achieving a track record of success. To be a member of the start-up business class, a foreign national must:

  • have obtained a written commitment for a total investment of at least $75,000 by one or more designated angel investor groups,
  • obtain a written commitment for a total investment of at least $200,000 by one or more designated venture capital funds,
  • have the commitments signed by a person with proper authority,
  • have attained the specified level of language proficiency,
  • have completed at least one year of high school in good standing,
  • have the appropriate funds available as designated by Statistics Canada under the Statistics Act.