Startup Visa Canada looks for changes in 2011

Posted by Rob Lewis

Last September Vancouver's Danny Robinson wrote an open letter to Tony Clement, federal minister of industry, explaining why Canada needed to have a better Startup Visa to try to attract talented entrepreneurs from around the world to start their businesses here.

 

Now that Robinson is CEO of BCIC he's turning up the heat. Together with fellow Vancouverites Boris Wertz of W Media Ventures and Maura Rodgers of the Bootup Entrepreneurial Society, Robinson has started Startup Visa Canada and is looking to the Canadian tech community to show their support. Here's what they're proposing with Startup Visa Canada:

Currently, the federal and provincial governments’ entrepreneurial programs contain minimum personal fixed asset provisions of about $300,000 and a long approval process that make it nearly impossible for immigrant entrepreneurs to start companies here. The Startup Visa Canada Initiative would create an alternate visa program that:

  • would swap the minimum asset provisions with a minimum Canadian investment of $150,000.
  • enable qualified Immigrants to partner with local investor(s) to expedite their temporary work permits.
  • would require Immigrants to have at least a third equity position in their companies, be active in management and create at least 3 full-time equivalent (FTE) jobs over the course of a 2-year program period.

Robinson is hoping to get the support of 100 key influencers in the next 30 days in order to put some pressure on the Federal Government.

Show your support by endorsing the initiative and keep up to date on their progress by following it on Twitter.

Company:
BCIC
Website:
http://www.bcic.ca
Location:
Vancouver, British Columbia, Canada

BCIC encourages the development and application of advanced or innovative technologies to meet the needs of industry in BC. We accelerate technology commercialization by supporting startups and developing entrepreneurs. With our partners, BCIC delivers programs and initiatives that promote company growth, resulting in jobs, increased revenue and economic development in BC. BCIC is a Crown Agency of the Province of... more

Company:
W Media Ventures
Website:
http://www.wmediaventures.com
Location:
Vancouver, British Columbia, Canada

W Media Ventures is a Vancouver-based venture capital firm focusing on Consumer Internet opportunities in the Pacific Northwest and Western Canada. We are looking for entrepreneurs that want to build remarkable companies in the fields of digital media, e-commerce, social networks or platforms. Having founded and run Internet companies ourselves, we not only understand the space but also the challenges of starting... more

Company:
Bootup Entrepreneurial Society
Website:
http://www.bootup.ca
Location:
Vancouver, British Columbia, Canada

The Bootup Entrepreneurial Society (BES) is a non-profit society dedicated to expanding the entrepreneurial ecosystem in Vancouver, the province of BC, and across Canada. more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more




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