Bizfield Start Up Visa Program
No group or individual participating in this program may invest in or support the program for the sole purpose of immigration. The goal of the program is to attract outstanding foreign start-ups with innovative technology to relocate to Canada, therefore generating increased Canadian employment and tax revenue.
What is Canada's Start-Up Visa
The Start-Up Visa Program was established by Immigration, Refugee and Citizenship Canada (IRCC) on August 1st, 2013, and is administered by NACO (National Angel Capital Organization), Canada’s national organization supporting angel investing. This Program is an immigration incentive designed to attract innovative technology and start-up companies to move to Canada where they can develop and expand their entrepreneurial projects.
The criteria for being accepted for permanent residency under the Start-Up Visa immigration program is that your business plan and related documentation needs to be approved by an organization designated by Immigration, Refugee and Citizenship Canada (IRCC). Upon approval, a designated organization will provide a Letter of Support that will enable you to apply for immigration under this program.
To be approved for the program, an eligible company needs to attain the following from one of the three types of designated organizations:
Designated Venture Capital Fund: the company needs an investment of at least $200,000 from the fund.
Designated Angel Investment Fund: the project needs a minimum investment of $75,000 from the fund.
Designated Business Incubator: the company must be accepted into and complete an incubation program delivered by the Designated Incubator.
Bizfield Angel Network is a professional angel investment organization based in BC, Canada, specializing in cross-border investing. Bizfield is an active member of the angel investment and entrepreneurship ecosystem in the Canadian market.
Bizfield's strong angel investment knowledge, experience, and connections can help high potential international start-ups to attain the required letter of support that enables them to successfully access Canada’s SUV program and relocate to Canada.
Sample of the Letter of Support
Bizfield is here
Benefits of Applying With Bizfield Angel Network？
Bizfield Angel Network leverages its team of consultants, investment advisers, and active angel investor members to assist foreign founders of start-ups applying for the Canadian Startup Visa. In combination with partners, we can provide the following services:
Business plan preparation and refinement
Pitch preparation and training
Matching venture partners to entrepreneurial projects
Introduction to local and global angel investors
Provision of due diligence services
Advice in navigating the SUV process to receive a support letter from a designated organization
Post-investment management and advisory services
Who We Are Looking For？
Bizfield is focused on finding and partnering with outstanding start-ups in five sectors: health technology，artificial intelligence，education technology，cleantech，information/internet technology.
Companies need to meet the following criteria:
The company is interested in relocating the bulk of their business operations to Canada and has a strong business case for choosing Canada as their headquarters.
They should be early stage companies that ideally have generated at least $100,000 CAD annue revenue, and have products/services that are in production, or at least in the MVP (minimum viable product) stage.
Their product or service needs to have the potential to be competitive on a global scale
The company’s products and services should demonstrate that they have immediate and long-term competitive advantages.
The company has innovative technology that have been put into practical use and can provide proof of intellectual property rights.
The company has identified a strategic market target and can provide financial projections that demonstrate strong revenue and sales growth.
How To Apply？
To apply for the program, you will need to fill out an application form, which is available on Bizfield's website. After completing the application and attaching the required list of documents, Bizfield will evaluate the application. For selected projects, Bizfield will reply with an invitation to the pre-screen process within 20 working days.
Preparation For Applying
Applicants are required to have a complete understanding of their products and services, including market needs, solutions and business model.
Applications need to include a business plan, financial statements from the previous three years, and detailed resumes of each team member.
What To Expect After Submitting Your Application?
Bizfield would like to respond to all applications. However, due to the large number of applicants, only projects selected for the preliminary review stage will receive a response. We intend to reply to selected founders within 20 working days.
As an angel investment organization, Bizfield will only accept and evaluate applications from an investment perspective and will not be involved in any immigration-related qualification review or subsequent immigration-related processing. If you need immigration-related services, please contact a professional immigration agency.
Ready To Apply?
If you or a friend/client meet our investment criteria, please refer to the information above or visit Bizfield’s website to view the SUV program in more detail and apply. If you have any further questions about the program, please email firstname.lastname@example.org.