Three types of designated organisation
| Type | Role under the programme |
|---|---|
| Venture capital fund | Invests in the business (minimum CAD 200,000 under the original programme) |
| Angel investor group | Invests in the business (minimum CAD 75,000 under the original programme) |
| Business incubator | Accepts the business into its incubator programme |
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 founding team’s ability and commitment
Designated organisations can set their own process and criteria for assessing proposals.
Why the incubator route was most common
The incubator route requires no large investment, which suits start-up teams built around technology or an innovative idea.
After securing support
The designated organisation issues a commitment certificate and a letter of support, which the applicant uses to apply for permanent residence. The programme is currently paused and new commitment certificates are not being issued.