While details remain sketchy, Mr. Kenney said he envisions the program will allow organizations and “credible venture capitalists” to vet the business plans of entrepreneurs applying for immigration. The aim would be to find startups with the potential to compete globally and create jobs.
When successful applicants arrive, they would be matched up with mentors who are already established in Canada. “Linking immigrant entrepreneurs with private-sector organizations that have experience and expertise working with startups will be important, as newcomers often require outside assistance in successfully navigating the Canadian business environment,” Mr. Kenney said.
The program would have a limit of 2,750 applications a year, more than the 1,000 to 1,500 who were admitted under the previous entrepreneur class of immigration.The trial program will be limited to five years, but it could be extended by making it a permanent part of federal immigration legislation, Mr. Kenney said.
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