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Alberta PNP: Launches Two New Streams for Startups and Entrepreneurs

March 2020, 18
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Alberta PNP: Launches Two New Streams for Startups and Entrepreneurs

The provincial government of Alberta will develop a new strategy of immigration that comprises two entrepreneur streams in order to support in overcoming labor market gaps and to create new jobs.

The Alberta Advantage Immigration Strategy, featured in the newly announced provincial budget, will comprise a new Program of Foreign Graduate Entrepreneur alongside the new Stream of Startup Visa. Both will work along with the Alberta Immigrant Nominee (A.I.N.P) Program.

One of the most significant obstacles to growth in Alberta’s digital economy is a lack of individuals with appropriate skills and work experience, the budget statement announced.

Although only introductory information is available for the new initiatives, the budget announcement did go into specifics regarding what candidates that the government aspires to bring.

Details About Two New Immigration Streams

On the Stream of Startup Visa, the budget stated: The startup visa will grant fast track visa processing for eligible graduates from top universities if they willing to launch a startup enterprise in the province of Alberta, with a bridge to Canada PR through the Alberta Immigrant Nominee (A.I.N.P) Program. The visa is originally expected to particularly target international student graduates in the USA.

Meantime, the Program of Foreign Graduate Entrepreneur will grant similar fast track immigration possibilities for international nationals who have graduated from the post-secondary institutions in Alberta, the budget statement stated.

It attached that the program would be backed by a renewed strategy to bring highly qualified international students to Alberta universities and colleges.

Presently, the only A.I.N.P that is offering for entrepreneurs is Alberta's Self-Employed Farmer Stream, aiming applicants with skills in farm management and adequate financial resources to invest in a farming business.

The province of Alberta also operates the Alberta Express Entry and Alberta Opportunity Stream for qualifying skilled workers and global graduates. The budget also launched a new plan to support new immigrants to find work more quickly.

Immigration initiatives involve fasting up and simplifying credential identification in the province, now being tackled through the Fair Registration Practices Act that passed in June 2019. Alberta province is calling its current policy as the Fair Newcomers Action Plan.

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