Converting capital into innovative ideas, technologies and companies takes people. Access to high quality human resources remains a consistent challenge in the private capital industry. In turn, the CVCA works closely with both educational institutions and governments to ensure that Canada continues to cultivate the talent required to fuel innovation and growth, as well as leverage its immigration programs, such as the Global Talent Stream of the Temporary Foreign Workers Program and the Startup Visa Program to access high-demand skills.
Startup Visa Program (SUV)
Having been operating on a pilot basis in its first few years, the Startup Visa program was made permanent by Immigration, Refugees and Citizenship Canada (IRCC) in 2018. The CVCA won the RFP bid to continue managing the program for the Canadian venture capital industry until 2024. The program provides designated Canadian venture capital funds with the opportunity to entice talented entrepreneurs outside of Canada to build high-growth companies in Canada. As of January 2020, there are 24 designated Canadian venture capital funds enrolled in the program.
To learn more about the program and requirements to become a designated organization, visit IRCC’s informational page.
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