I have a project want to apply for start-up visa, do you have the service for helping people to get funds from designated Canadian Venture Capitalist? How to contact your team
We do not have a service to help with the application process. I will see if my peers have recommendations on trustworthy and helpful Immigration Consultants.
This is a JOKE!!!!!! if you are investing in companies Located in NEW BRUNSWICK then who would you facilitate people from abroad!!! FAILURE OF CIC and FAILURE OF STARUP VISA
LOOK AT THE REPLY I GOT FROM ONE OF THE VENTURE CAPITALIST!!
Thank-you for your interest in the Startup Visa program. This program is designed to attract innovative foreign entrepreneurs with the skills to create new companies that can compete on a global scale. Before applying to immigrate through the program, immigrant entrepreneurs will have to secure a commitment from one of the designated venture capital funds. All of the information regarding the New Brunswick Innovation Foundations’ Venture Capital fund can be found on our website at http://www.nbif.ca, and
–>>our organization only invests in companies located in New Brunswick<<–
Further information on the startup visa program can be found at http://www.startupvisa.ca or http://www.cic.gc.ca/english/immigrate/business/start-up/index.asp.
Nicole LeBlanc, CGA
Director of Finance
It’s not a joke but it is a new program. I have reached out to NBIF and Nicole to find out more about their process for immigrant entrepreneurs. Before the Startup Visa Program, they may have only invested in New Brunswick entrepreneurs.
I will share more information on their new process as soon as I hear back.
I studied it in details but still i am confused that whether i have invest $200,000.00 or $75,000.00 or only i need to show strong business project to those two organization? Your answer will be highly appreciated.
You need the investment commitment from one of the designated investors on the list:
200,000 from a Venture Capitalist or 75,000 from an Angel investor.
You do need to convince the investors to believe in your team and your company and decide to invest really money into your venture. In a sense, the investor is like a sponsor. You can be sure that if the investor likes your idea, s/he will do their due diligence before investing money. Once you have the investment commitment, the investor will have to provide you with proof (a letter of support http://www.cic.gc.ca/english/pdf/kits/forms/imm0008_13e.pdf) to submit along with your application and any other info the CIC requires. All criteria and the application package is listed on their site via this link: http://startupvisa.ca/apply/
Hope that helps.
Than you for your prompt answer.
I have a BSc in software engineering and Master in Entrepreneurship from Sweden. I have following questions over which I would like to hear your words.
1. I have a mobile app project proto-type but not a big business plan. Should we write a full business plan before initiating any discussion with any investor?
2. Is it really safe sending an idea to an investor. Any NDA’s here?
3. Is that the commitment from investor is only for companies or it can be on idea and later we can start a company in Canada?
Let me do my best to answer your questions from my Point of view:
1) You don’t need to write a full business plan. I would recommend you write a concise two pager outlining:
– What your business is.
- Highlight the Opportunity
- Why Your company solves this problem and can capitalize on the opportunity
- Business Model (how you make money)
Keep it high level but it should cover all of those points
2) Signing NDA’s are not really standard for technology business in Canada/US for funding. Ideas are a dime a dozen and VCs will probably get pitched the same idea several times over. What matters is execution and their belief that you/your team are the ones who can pull it off and build a big business. The designated VCs are all in good standing with good reputations.
3) The investor is the one who will decide what to invest in. Most VCs want to see traction, not just an idea and will want to see a demo of your product.
Thank you so very much!
HI Maura, i’ve had small businesses in the past related to my career (IT), i’ve been working as an IT administrator in the last 15 years. Now, i have several “Business Ideas” that i would like to develop but not in my country.
Right now i don’t have any business running, if i meet all others requirements (language,education and sufficient settlement funds) what chance do i have to apply?
I think that is going to be tough. Most of the designated investors right now are looking to invest in more than just an idea. They want to see a bit of development/traction.
What are you waiting for???
There are only 3 angel groups and all east coast based. I want to be in Vancouver as we will also be targeting west coast USA. Will any of the the angel groups invest in a company in Vancouver/outside of their geographical area. As for VCs we don’t need that scale of capitalist at this stage ie $200,000. Thanks.
If you are not looking for that much funding at this stage, you may also want consider looking into an accelerator program like GrowLab in Vancouver. Boris Wertz also has a micro VC firm and has made many angel investments in BC. But before reaching out, definitely check to see if there is a fit with their investment thesis and your company.
Sorry, auto correct changed ‘capital’ to ‘capitalist’! No Freudian comment there!
Hi Maura, can you give me more details about it?
We(1 Canadian, three Chinese) wish to set up an online service firm that collect and study the customer data and relating info, provide the market analysis and strategies. We met with an angel investor and got their approval by phone today. Can my friends all apply for this start-up visa program and how long does it take? The angel investor said his offer is valid for a short time period.
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