Since the launch of Canada's Start-Up Visa program in 2013, the number of applications has steadily increased. Initially, the program attracted only a few foreign entrepreneurs, but as the success of startups based in Canada became more visible and the country established itself as a welcoming destination for entrepreneurs and established business owners, the number of applications began to grow.

Approval rate over the last 10 years: The Start-Up Visa program has three main categories: Incubator, Angel Investor, and Venture Capital. Each has different approval rates, which may influence your choice.

Incubator: This category has the highest approval rate, averaging 81% over the past 10 years. It's ideal for entrepreneurs seeking support and mentors to develop their ideas.

Angel Investor: With an approval rate of 79%, this category is for those seeking individual investors willing to back innovative projects.

Venture Capital: With an approval rate of 55%, this option is for entrepreneurs seeking large-scale investment and willing to compete for limited resources.

actors such as Canada's strong economic environment, cultural diversity, and focus on innovation have contributed to this trend. Furthermore, the startup visa program offers significant advantages, such as the opportunity to obtain permanent residency, which is attractive to entrepreneurs seeking stability and long-term growth opportunities.

Written by:

Juliana Cloutier

Investment Migration Expert

Residence and Citizenship Solutions

www.altainvestor.com