In order to be eligible for a Canadian Start Up visa applicants must secure investment and/or a letter of support from one of several eligible venture capital funds, investment groups, or business incubator programs. A full list of eligible organisations can be found below.
Venture capital funds
To use a Canadian venture capital fund as a supporting organisation the business must receive a minimum of CND $200,000 in investment and a letter of support from one of the following groups:
Blackberry Partners Fund II LP (doing business as Relay Ventures Fund II)
Celtic House Venture Partners (Celtic House Venture Partners Fund III LP; Celtic House Venture Partners Fund IV LP)
PRIVEQ Capital Funds (PRIVEQ III Limited Partnership; PRIVEQ IV Limited Partnership)
Quorum Group (Advantage Growth (No.2) LP; Ontario SME Capital Corporation; Quorum Investment Pool Limited Partnership; Quorum Secured Equity Trust)
Westcap Mgt. Ltd. (Canadian Accelerator Fund Ltd)
Angel investor groups
To use an angel investor group as a supporting organisation the business must recieve at least CND $75,000 and a letter of support from an investor or investors affiliated with one of the following:
Business incubators
In order to use a business incubator as a supporting organisation the business must be accepted into, and receive a letter of support from, one of the following programs:
Further information, help, and advice
Workpermit.com's team of specialists has over 25 years of experience in immigration services, and have helped thousands of people to study, work, and invest in Canada. All applications for Canadian visas are dealt with in-house by a member of the Law Society of Upper Canada.
For more information and advice on Canadian immigration law and Canadian visa applications please contact us on 0344 991 9222 or at london@workpermit.com
