Created by the Government of Canada, the Start-up Visa (SUV) Program is intended to attract foreign entrepreneurs who wish to establish new, high-growth businesses in Canada, that will support innovation and job-creation.
To be eligible for the Start-up Visa program, entrepreneurs must be accepted into a program offered by a designated Canadian business incubator.
Prospective applicants must be ready to provide detailed information regarding the potential viability of their business venture, including business plans, financial documents, founder biographies, curriculum vitaes (CV) and other relevant information as required by Alacrity.
The proposed business must demonstrate that it is potentially viable from both a financial and market perspective. Entrepreneurs must have relevant education, experience, and expertise that will support the success of the proposed business in Canada.
Applicants must be able to effectively communicate and work in English or French languages to conduct their business in Canada.
Applicants must meet the eligibility requirements established by the Government of Canada for the Startup Visa Program.
The applicant(s) must clearly articulate the market opportunity for their product/service offering in Canada and internationally.
The entrepreneur should demonstrate early technology validation and/or customer traction.
The proposed business must have access to sufficient working capital to meet its initial needs.
Applicants under the Start-up Visa Program may apply as a single entrepreneur, or as an entrepreneurial team of up to five members.
Each applicant must be an active member of the venture team with at least 10% of the voting rights to qualify. The combination of the applicant and the designated incubator must also hold at least 50% of the voting rights in the proposed venture to qualify.
Alacrity’s Start-up Visa Program application process starts with applicants contacting our start-up visa team. They will provide you with additional program details and ask you to fill out an online application form. If applicants successfully pass this initial stage, a thorough due diligence consideration of the applicants, their proposed business and business plan is required before formal acceptance by Alacrity.
Please email email@example.com to begin the application process.
From the Reference Date until the expiration of the Term, Alacrity will make the following shared services available to the Applicant’s Venture (the “Shared Services”):