The Canadian government invested $3 million into an Ontario business incubator's network to assist foreign entrepreneurs to start new businesses in the province and obtain Canadian permanent residency.
Last year, Canada accepted 375 international entrepreneurs via the Start-Up Visa program. During the first four months of this year, 185 foreign entrepreneurs immigrated to Canada as new permanent residents through the program, putting it on track to welcome 555 more by the end of the year.
The goal of the program is to bring innovative entrepreneurs in touch with Canadian private sector businesses, such as angel investor groups, venture capital funds, or business incubators, and help them launch their companies in Canada.