Support the Startup Visa Canada Initiative

Working with and meeting entrepreneurs from around the Globe is one of the things I love most about my job.  And since I am very proud to call Canada my home, I want the rest of the world to know that not only is Canada a great place to live – it is also a great place to start a company.

That is why today, we are pleased to announce and support the launch of Startup Visa Canada – an initiative designed to attract the best entrepreneurial talent from around the world, create jobs and enable qualified immigrant entrepreneurs to obtain a visa to start a company in Canada by removing the current red tape.  Simply put, we want to make it easier for the future, bootstrapping Sergey Brin to be able to come to Canada to start the next Google.

Current Legislation
As it stands, the Canadian federal and provincial government’s entrepreneurial programs contain minimum personal fixed asset provisions of about $300,000 and a long approval process.  Many immigrant entrepreneurs just don’t have the money or capital required under these programs and are denied a visa to start a company here.

This needs to change.

Here is what Startup Visa Canada is proposing
The Startup Visa Canada Initiative would create an alternate visa program that:

  • would swap the minimum asset provisions with a minimum Canadian investment of $150,000.
  • enable qualified Immigrants to partner with local investor(s) to expedite their temporary work permits.
  • would require Immigrants to have at least a third equity position in their companies, be active in management and create at least 3 full-time equivalent (FTE) jobs over the course of a 2-year program period.

Inspired by Startup Visa US
Startups Create Jobs. They boost the economy and help us compete on a global scale. Silicon Valley entrepreneurs and investors like Dave McClure, Brad Feld, Paul Graham and Canadian born, Paul Kedrosky have been pushing this message hard and lobbying the US government to approve a Startup Visa program. As a result, legislation is now pending in Congress.  

Let’s Beat the Americans to the Punch!
In the next 30 days, we would like to get the support of at least 100 key influencers, including investors, entrepreneurs and industry associations. Then, we can take this initiative directly to the Federal Government.

To endorse this initiative:
  • visit the Startup Visa Canada site
  • submit your name and fill out the brief form
  • spread the word and share via Facebook, Twitter etc.
  • Follow our blog and twitter for updates
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