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Canada Creates New Class of Visa to Attract Tech Entrepreneurs to Launch Startups Here


Posted by Rob Lewis on 2012-09-11 4:00:00 PM

Canada today revealed that it plans to create a new class of visa, according to Reuters.

Officials hope it will attract technology entrepreneurs to immigrate to the country to start new companies.

The immigration department consulted with Canadian venture funds, including Boris Wertz’s Vancouver-based Version One Ventures.

Quoth Reuters:

It has put a moratorium on issuing its existing entrepreneur visa, which only required an immigrant to hire one person for one year, and intends to initiate a visa that would be issued to people identified by venture capital funds as candidates to create start-up firms in Canada. The venture funds would be required to invest in the start-ups. The start-up visa is one of several changes being undertaken by Citizenship and Immigration Minister Jason Kenney in what he says is an effort to make the immigration system more responsive to Canada’s economic needs.

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(Source: camtaylor)

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