Comments on Funding:
No funding involved.
The program cost is $3,000 per month with a minimum 12 month commitment to the Startup Visa Program.
The applicant must:
- each applicant holds 10% or more of the voting rights attached to all shares of the corporation outstanding at that time (up to 5 people can apply as owners) AND applicants and the designated organization jointly hold more than 50% of the total voting rights attached to all shares of the corporation outstanding at the time they get a commitment from a designated organization;
- they provide active and ongoing management of this business from within Canada, an essential part of the operations of the business happens in Canada and this business is incorporated in Canada, at the time they receive their permanent residence.
In addition to the Federal requirements, the Accelerator Centre requires Startup Visa applicants must:
take a language test from an approved agency and include the results with their application, or the application won’t be processed;
give proof that they have the money to support themselves and their dependents after they arrive in Canada. They can’t borrow this money from another person. The amount depends on the size of the family and amounts are updated every year.
Applicants must submit:
- their test language results;
- proof that they have money to support themselves.
- their pitch deck.
Other Things to Note:
SUV applications are currently closed. Please sign-up for updates and we will notify you when applications open.