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Canadian Immigrant Investor Venture Capital Program Accepts Applications from 28 Jan

January 2015, 24
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Canadian Immigrant Investor Venture Capital Program
Canada will begin accepting applications for the Immigrant Investor Venture Capital Pilot Program from 28 January 2015, announced the Citizenship and Immigration Minister, Chris Alexander along with Industry Minister James Moore.

Apparently, potential candidates will be able to lodge applications from 28 January to 11 February 2015 or till the program receives 500 applications. The funds of the program will be invested in innovative Canadian start-ups with high growth potential, which will benefit economy.

Reportedly, the introduction of the IIVC achieves Canadian government’s commitment in Economic Action Plan 2014, that is devised to create a more focused and efficient pilot program, which ensures that overseas nationals who come to Canada contribute for the betterment of the economy.

CIC will accept first 500 applications received within the given dates and randomly pick 60 applications. However, applicants must get a due diligence report from a selected service provider to evaluate and validate the source of their wealth.

Alexander stated that Canadian government is amending business immigration programming to get more active investment in companies and innovative entrepreneurs. He added that the pilot program is outlined to entice overseas investors who can easily assimilate into their society and benefit for the growth of the economy.

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