Startup Visa Program for Canada to be Announced Today?

11:30am EST Update: News Release – Minister Kenney launches consultations for a new “start-up visa” for immigrant entrepreneurs

According to an advisory issued by Citizenship and Immigration Minister Jason Kenney’s office yesterday, the Canadian government is expected to announce in Toronto today the next step in launching a Startup Visa program.

While the details are still vague, Kenney and Dragon’s Den TV star Kevin O’Leary are apparently scheduled to make an announcement today regarding a new system aimed at identifying and speeding the path for “high value innovators.”

Last month Kenney stated that the previous immigrant entrepreneur program, in place for a decade, “was administratively very burdensome and underwhelming in terms of the results.” 

When it was suspended last July, it had a backlog of nearly 10,000 applicants. And with an average of about 1,000 to 1,500 approvals a year, it would have taken nearly eight years to clear—even without any new applications.

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