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Immigrate to Canada through startup; Getting a Canadian work visa and startup
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Getting a startup visa and immigrating to Canada is a sure solution that will lead to success in the future. Because Canada welcomes economic projects with financial, cultural and social benefits for its citizens. It is enough to present a detailed and executable business plan and go through the administrative procedures to obtain a Canadian visa one after the other.
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By receiving a Canadian startup visa, you can bring your family members to Canada. Of course, a number of other benefits will include your status due to the creation of a new business in Canada. But to receive these benefits and stay in Canada, you must meet the following conditions:
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- Having a minimum English level of IELTS 6.5
- Sufficient capital to launch your business plan
- Planning to stay in Canada (province other than Quebec)
- Having a medical certificate and necessary security documents
- Approval and support of business and business plan by a designated organization
- Demonstrating that the business you want to start meets the ownership requirements.
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With these conditions (for the applicant and the proposed business plan), it is possible to get a Canadian work visa and stay in this country.
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What is an incubator in a startup? Should everyone use an incubator?
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The first thing that comes to mind when hearing the name of incubator is the advanced devices found in hospitals and premature babies. In the hospital, premature babies are placed in an incubator. With this, both the child will be taken care of and the process of growth and development will speed up. We must say that the incubator in the field of startups in Canada has exactly the same protection and support role.
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In this way, the incubator sets help startups to launch and progress by providing a series of services and facilities. In some cases, incubators provide workspace or initial capital to startup entrepreneurs. In other cases, by providing training or guidance, they will take the first steps, move forward and even progress the startup plan. There are various incubator institutions operating all over the world, one of the most famous of which is TechStars.
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When are incubators used in startup startups?
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Immigration, Refugees and Citizenship Canada (IRCC) has established the following 3 programs to support startups and investment projects:
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- business incubator organizations
- angel investor groups
- venture capital funds
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Which plan should be approved by which sponsoring institution or sponsored by that institution depends on the type of business plan. For example, startups with an investment of at least $200,000 are included in the group of Canadian venture capital funds. But plans with a minimum capital of 75,000 dollars will be placed in the group of supporting investors (angel). Placement of business plans in the incubator group does not need to provide initial capital. But the plan must be accepted by the incubator organization.
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If the applicant to establish a start-up has all the documents and conditions, but feels that he is not ready to implement it; You can get help from active institutions and groups in this field. The collections that are active in setting up new businesses are called incubators.
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What are the conditions for receiving support from a Canadian startup in one of the designated programs?
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After sending the business plan that meets the necessary conditions and documents, Canadian support organizations make the necessary decisions. 3 Angel support organizations, incubators and venture capital funds evaluate the proposals based on their approved criteria. It should be noted that some of these organizations set special conditions for applicants to establish a new business in Canada. For example, some of these organizations ask the applicant to personally present his business plan according to the given plan.
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If the business idea is approved by the incubator or one of the other two organizations, a letter of support will be sent to the applicant.
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Is it a company incubator or an academic educational institution?
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In most cases, incubators are non-profit organizations associated with universities or business organizations. For this reason, it uses elite students and outstanding professors to participate in special startup programs. Due to the many support and resources that incubators have, their cooperation in small and new startups will have a high impact on the business growth of small and new businesses.
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The role of the incubator in startup migration; Why get help from incubators?
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According to the definition of the incubator in Startup Canada and the facilities it provides for start-up businesses. We can say that these institutions act like a ladder to climb. For example, an incubator in Canada can facilitate work space, workshop equipment, initial capital, access to the primary resource market or sales market. In this case, the fledgling startup will not have a problem selling its products or buying raw materials. So, if you are not sure about the progress of your startup in Canada or if you face obstacles, get help from incubators.
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What are the advantages and disadvantages of incubators in Canadian startups?
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Different types of investment in Canada have their own challenges and benefits. For this reason, getting to know the advantages and disadvantages of using an incubator in a startup provides good information to the applicants of this project. Among the most important advantages of incubators in Canadian startups, we can mention the following:
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1- Using the experience of success and failure of other incubator members
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In order to prevent errors and facilitate working conditions, incubators provide their experiences and those of other group members to their accepted startups. In this case, the applicant can grow his business by learning or following the experiences of people in the same field. Providing the failure and success experiences of the incubator members prevents mistakes and errors in the work path and accelerates the growth process.
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2- Getting support from other entrepreneurs
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Having a space where investors can talk about their business problems and obstacles has a high impact on their progress. Thinking together, getting advice or getting ideas from other investors is useful for business growth.
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3- Placement of small and new businesses in a network of investors and the country's industry
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Perhaps the most important advantage of being placed in incubator programs in Canada Startup is this particular advantage. In this case, the start-up business connects with a large network of successful Canadian labor market and business partners.
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4- No need for significant financial budget
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In most cases, incubators do not set a minimum or maximum initial capital for a business plan. In this case, there is no need for the applicant to prove the financial ability for investment along with presenting his business plan. Because incubators have countless financial resources that can invest in your plan.
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5- Doing marketing on a wide scale
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By being included in the incubator program, you will deduct a large amount of your marketing and PR expenses. Because the communication network of the incubator in Canadian startups is very large. When they are in these networks, you can easily find and access your primary sources or market.
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In this case, placing the startup in the programs of the incubators will have nothing but profit.
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What are the disadvantages of placement in the incubator plan?
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Each plan will have certain disadvantages along with different types of advantages. For this reason, at the time of choosing, you should determine whether the benefit of this plan is greater or its loss. Regarding incubators, we can say that it is possible to make changes in the set program and your plan on behalf of the institution. Also, in some programs, it is possible that the incubator, according to the services and resources it provides you, Request some of the company's shares.
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In general, there are 3 categories of incubators whose purpose is to help startups in Canada as follows:
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- Provincial, state and university incubators who are active in the economic, cultural and social development of their country and region.
- Non-profit incubators which will help grow the economy of their region.
- For-profit incubators By providing resources, they demand some of the company's shares to earn money.
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According to the business plan, the desired location for its launch and a number of other factors, the plans will be divided between the above 3 incubators.
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List of Canadian incubators; Approval required to register a company in Canada as a startup
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According to the list published on the Canadian Immigration website, incubators include the following. If you have a new business idea and register a company in Canada as a startup, you must receive acceptance from one of the following institutions.
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| Alacrity Foundation | Creative Destruction Lab | Intrinsic Innovations |
| Alberta Agriculture and Forestry | DMZ Ventures | Invest in Ottawa |
| Agricultural processing business incubator | Powerful startup with limited liability | ISM Arts & Culture Ltd |
| Food processing development center | Extreme Innovations | Knowledge Park or Planet Hatch |
| Alberta IoT Association | Cleantech Foresight Accelerator Center | Global startup accelerator |
| Altitude Accelerator | Genesis center | Academy launch – Vancouver |
| Bhive | Highline BETA Inc | LaunchPad PEI Inc |
| Biomedical Commercialization Canada Inc (operates as Manitoba Technology Accelerator) | Invest in Nova Scotia | Millworks Entrepreneurship Center |
| Brilliant Catalyst | Innovate Calgary | NEXT Canada |
| Niagara Business and Innovation Fund | Innovation factory | Roseview Global Incubator |
| North Forge East Ltd | Pacific Technology Corporation | Spark Commercialization and Innovation Center |
| North Forge Technology Exchange | Platform Calgary | Spring Activator |
| Niagara Business and Innovation Fund | Pycap | DMZ at Ryerson University |
| Toronto Business Development Center (TBDC) | True Investment Fund III LP o/a FounderFuel | Think8 Global Institute |
| Treefrog | Red Leaf Capital Corp | TiE Toronto |
| University of Toronto Entrepreneurship Hatchery | ventureLAB innovation center | YSpace (University of York) |
| Waterloo Accelerator Center | York Entrepreneurship Development Institute | VIATEC |
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Each of these institutions has special conditions in mind. If your business plan is accepted by one of these institutions, you can start your business in Canada.
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What is the difference between incubators and accelerators in Canadian startups?
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To review and understand the best difference between incubators and accelerators in Canadian startups, it is better to get acquainted with the concept of accelerators. In the investment world, they call accelerator institutions that help businesses grow their business. Accelerators usually support companies that have the right foundation and structure and sustainability programs.
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Accelerator support includes valuable resources that most fledgling but established businesses need. From these sources, we can mention the following:
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- Monitoring the work process and giving training
- Providing legal services
- Bringing business into the industry and labor market and connecting it with other institutions and influential people in the industry
- Establishing relationships between active investors
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Note that accelerators may provide the seed capital required for a business. But in this case, they will receive a certain amount of company shares.
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Getting the best incubator in Canada's startup with the help of Rasam's experienced consultants
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Presenting a detailed and workable business plan that will be accepted by Immigration Canada is a very difficult task. In the business plan, you should include all the points related to starting up to running and managing the business. In the next step, you need to attract the opinion of the investor or a supporting institution such as incubators. In this case, your plan to establish or register a company in Canada will be accepted as a startup. But do all business plans get an incubator? The answer is no, it is very difficult to find good and supportive incubator projects.
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You can come up with a great plan by getting advice from experienced immigration agencies like Rasam Immigration Holding. Rasam's consultants will accompany you in setting up a business plan and getting the best incubator in Canada's startup. To speak with Rasam's immigration experts and lawyers, contact the following:
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- Telephone call to Tehran office
- Communication through the Instagram page
- Visiting the Tehran office in person
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We should mention that Rasam Holding has representative offices in Vienna, Berlin, Vancouver, Toronto and Athens. That's why you can proceed with immigration to Canada or other countries with ease.
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The most frequently asked questions by users about incubators in startup Canada
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How much does a Canadian incubator cost?
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The cost of incubators depends on the services you receive from them. These services may be membership in your network, business training, provision of work space or equipment.
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Is the incubator the business accelerator?
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No, incubators are institutions that help businesses start up and grow. Meanwhile, the accelerators are those investors and financial and credit institutions that will help established and stable businesses to grow.
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Can we find the right incubator for our business?
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Using the list of startup incubators on the website of the Immigration Department of this country, you can find the website address of each of these institutions. Then find the conditions and information needed to receive support for each.
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