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“Immigration is vital to meeting Canada’s economic and labour needs”

Building on the momentum of the launch of Canada’s Start-Up Visa (SUV) Program, Citizenship and Immigration Minister Chris Alexander spoke to members of the start-up community and industry leaders as part of Startup Canada Day on the Hill.

“Innovation and entrepreneurship drives economic growth and helps to secure future prosperity for all Canadians,” said Alexander. “Immigration is vital to innovation and to meeting Canada’s economic and labour market needs,” he said.

StartUp Canada Day on the Hill is organized by StartUp Canada, which represents more than 55,000 entrepreneurs, over 400 partner organizations and over 250 volunteers.

The SUV is a five-year pilot program and is limited to 2,750 applications per year. 

It is designed to attract high quality and select entrepreneurs who can advance Canada’s innovation agenda. In addition to standard admissibility requirements, SUV applicants must meet certain program eligibility criteria.

Last October, the program was expanded to include a new stream for business incubators. The Business Incubator stream complements existing venture capital and angel investor streams by attracting early-stage and high growth businesses, and entrepreneurs who can contribute to a culture of innovation and commercialization in Canada.

“Government plays an important role in supporting and empowering entrepreneurs, who are the backbone of Canada’s prosperity,” said Alexander. 

“We will continue our efforts to attract the best and brightest immigrant entrepreneurs, who have the potential to build innovative companies that can create jobs and compete on a global scale.” 

Posted: Jan 2, 2014

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