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Toronto Business Development Centre Start-up Visa Program

June 12

$18,000

Toronto Business Development Centre Start-up Visa Program

APPLY HERE

Applications open from February 12-June 12, 2019

Start-up Visa Program applications are now open!

About Start-up Visa Program (SUV)

Canada’s Start-up Visa Program targets immigrant entrepreneurs with the skills and potential to build businesses in Canada that are innovative, can create jobs for Canadians and compete on a global scale. Canada’s Start-up Visa (SUV) Program is intended to attract foreign entrepreneurs who wish to establish new, scalable businesses in Canada, which will support innovation and job creation.

Program Duration: 1 Year

Program Fee: CAD $18,000

Immigration Guide: Access Here

Application ProcessThe SUV program is driven by the endorsement of a designated entity and focusses on high-quality. Prospective applicants must be ready to provide detailed information regarding the potential viability of their business venture including a formal business plan, financial and legal documents and any other relevant information that a designated entity may require to issue a Commitment Certificate accompanied by a Letter of Support.

Required Documents

Corporate Documents:

  1. Incorporation
  2. Shareholders Agreement

Due Diligence Report:

  1. 1Customers and Suppliers
  2. Material contracts
  3. Intellectual Property
  4. Corporate Financing
  5. Employees and Benefit Plans
  6. Management Team

Program Features: 24/7 Office Space, Mentor Interventions, Access to Capital, Network/Events, Business Services, Partner Services

Tips for Start-up Visa Applicants

The proposed business should:

  • Demonstrate potential viability from both a financial & market perspective
  • Incorporate in Ontario after acceptance into the SUV program.
  • Access to sufficient working capital to meet the initial needs in the market.
  • Clearly articulate the market opportunity for your product/service.
  • Demonstrate early technology validation and/or customer traction.

The applicants must:

  • Have relevant education, experience and expertise for the business.
  • Effectively communicate and work in English or French language.
  • Meet the SUV program requirements established by the Government of Canada.
  • Hold at least 50% of the voting rights in the proposed venture for the application.
  • Be active members of the business with at least 10% voting rights each.