This program has specific guidelines on the ownership and shareholding requirements for a start-up.
Applicants for this permit must have the support or sponsorship of a specified Canadian venture capital fund, angel investor or business incubator to qualify for the permit.
The IRCC has designated specific venture capital funds, investor groups and business incubators to be part of this program.
Start-ups that succeed in getting through this program must be able to get the minimum investment required. If it’s from a venture capital fund, minimum investment should be USD 200,000. If the investment is from an angel investor group, the investment should be at least USD 75,000. Applicants must be accepted by a designated business incubator as a member of the business incubator program.