If coming from a designated Canadian venture capital fund, the investment must be at least $200,000. If coming from an angel investor group, it must be at least $75,000. Applicants are not required to invest any of their own money. If their Canadian start-up is unsuccessful, individuals granted permanent residence through this program will retain their permanent resident status.
A Venture Capital firm secures money from private investors and makes investments on their behalf. Business Angel Investor groups, on the other hand, are comprised of individuals who invest their personal funds in an exciting business opportunity. Generally speaking, Angel Investors may choose to take a ‘hands on’ or ‘hands off’ approach with regard to setting up a business. Venture Capitalists, on the other hand, may require a seat on the company’s board of directors. Both are able to assist entrepreneurs in establishing business contacts in Canada.
Below is a list of organizations the government has designated to work with entrepreneurs in the Start-Up Visa program.Venture capital fundsBDC Venture CapitalBlackberry Partners Fund II LP (doing business as Relay Ventures Fund II)Celtic House Venture PartnersCeltic House Venture Partners Fund III LPCeltic House Venture Partners Fund IV LPDRI Capital Inc.Extreme Venture Partners LLPGolden Opportunities Fund Inc.iNovia Capital Inc.Lumira CapitalMobio Technologies Inc.New Brunswick Innovation Foundation Inc.Oak Mason Investments Inc.OMERS Ventures Management Inc.Pangaea Ventures Fund III, LPPRIVEQ Capital FundsPRIVEQ III Limited PartnershipPRIVEQ IV Limited PartnershipQuorum GroupAdvantage Growth (No.2) LPOntario SME Capital CorporationQuorum Investment Pool Limited PartnershipQuorum Secured Equity TrustReal VenturesRho Canada VenturesRogers Venture Partners, LLCSummerhill Venture Partners Management Inc.Tandem Expansion Management Inc.Top Renergy Inc.Vanedge Capital Limited PartnershipVersion One VenturesWellington Financial LPWestcap Mgt. Ltd.Canadian Accelerator Fund Ltd.Yaletown Venture Partners Inc.Angel investor groupsAngel One Network Inc.Canadian International Angel InvestorsFirst Angel Network AssociationGolden Triangle Angel NetworkOak Mason Investments Inc.Southwestern Ontario Angel GroupTenX Angel Investors Inc.VANTEC Angel Network Inc.Business IncubatorsCanada Accelerator Co (d/b/a HIGHLINE)CommunitechEmpowered Startups Ltd.Extreme InnovationsINcubes Inc.InnovacorpInnovate CalgaryInteractive Niagara Media Cluster o/a Innovate NiagaraKnowledge Park o/a Planet HatchLaunchPad PEI Inc.Real Investment Fund III L.P. o/a FounderFuelRyerson Futures Inc.Toronto Business Development CentreWaterloo Accelerator Centre