Canada immigration news: Angel investors are one of the three designated categories of organizations who must back an applicant for permanent residence in Canada under the Start-Up Visa program.
They can belong to any one of nine groups.
Those include:
Angel investors are high-net-worth individuals who provide financial backing for small start-ups or entrepreneurs, usually asking for ownership equity in these companies.
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In day-to-day business, angel investors can be members of the entrepreneur’s family or friends.
Under the Start-Up Visa program, the groups that provide access to these much-needed investment dollars can only come from that list approved by the Canadian government.
When a prospective immigrate to Canada decides to apply under the Start-up Visa Program, his or her business idea must get the support of either a venture capital fund, angel investor group, or a business incubator.
These organizations choose which business proposals to review and each has its own intake process for proposals and criteria used to assess them.
If that organization gives the Start-Up Visa program applicant’s proposal the two thumbs up, it will provide a letter of support, allowing the prospective immigrant to continue with the process.
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