Hong Kong
Taiwan
VietnamThree types of designated organisation
| Type | Role under the programme | Original minimum investment |
|---|---|---|
| Venture capital fund | Invests in the business | CAD 200,000 |
| Angel investor group | Invests in the business | CAD 75,000 |
| Business incubator | Accepts the business into its programme | Not applicable |
These amounts applied under the original SUV; arrangements for any new programme are subject to official announcements.
What designated organisations assess
- Whether the business is innovative
- Whether it can create jobs for Canadians
- Whether it can compete globally
- The team’s background, ability and commitment
- How far the product or prototype has progressed
Designated organisations set their own process and criteria.
Why the incubator route was most common
It needs no large investment, which suits start-up teams built around technology or an innovative idea.
The usual process
- Prepare the business plan and pitch deck
- Build a product prototype
- Submit a proposal to a designated organisation
- Pitch and interview
- Once accepted, receive the commitment certificate and letter of support
The commitment certificate
The commitment certificate and letter of support are the core of the permanent residence application, showing the organisation supports the business. The programme is currently paused and new certificates are not being issued.