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.