Canada's Start-up visa program growing in demand
The Start-up visa program of Canada has attracted a good number of entrepreneurs to become permanent residents of Canada. As this program began with a focus on recruiting innovative foreign national entrepreneurs who will create new jobs and drive economic growth, the initiative seems to move at a good pace. As of the reports of May 2, 2016, 51 entrepreneurs, coming from popular countries like Australia, China, Costa Rica, Egypt, India, Iran, South Africa and Uruguay, etc. achieved successful permanent residence in Canada. These successful applicants represent 26 start-ups that have launched or to-be-launched soon in communities across Canada, including Sydney, Halifax, Fredericton, Toronto, Mississauga, Waterloo, Thunder Bay, Calgary, Whistler, Vancouver and Victoria. As major applicants reflect work experience in industries like technology, food product manufacturing, education, medical research, banking, human resources, and advertising; Canada is expecting a growth in its immigrant numbers through skilled business professionals.
The reports also throw a light on the increasing demand of the program by stating that about 50 additional permanent residents still lay in process, who are aided by designated Canadian capital fund, angel investor group or business incubator to launch their start-ups in Canada.
On having achieved this success rate in a short period of time, Arif Virani, Parliamentary Secretary to the Minister of Immigration, Refugees and Citizenship proudly quotes:
"The start-up visa started slowly but has steadily picked up steam. Every start-up that is established here has the potential to provide jobs and economic opportunity for Canadians, contributing to our country’s growth and diversity."