Presentation by ONEN Consultancy about the "Startup Visa" program of the Canadian Government which enables startups to get funding and move their business to Canada

1. Startup
Visa
Canada

2. Canada
at
a
Glance
ü Popula4on
of
35.295.770
(October
2013)
ü 10
states
and
3
territories
ü Area
of
9.984.670
km2
(Area
of
Turkey:
783.562
km2)
ü CPI
Annual
Infla4on
of
1.5%
(January
2014)
ü Entrepreneurs
and
small
businesses
are
the
backbone
of
the
Canadian
economy
ü There
are
more
than
1
million
small
businesses
that
employ
48
per
cent
of
Canada’s
total
workforce
and
provide
30%
of
the
total
GDP

3. Canadian
Advantage
A
welcoming
business
environment
Canada
is
the
best
country
in
the
G-­‐20
to
do
business,
according
to
both
Forbes
and
Bloomberg
A
strong
growth
record
Canada
led
all
G-­‐7
countries
in
economic
growth
over
the
past
decade
(2003–2012)
Unparalleled
market
access
Once
“Comprehensive
Economic
and
Trade
Agreement”
(CETA)
comes
into
force,
foreign
investors
in
Canada
will
have
assured
preferen4al
access
to
both
NAFTA
and
the
EU
A
highly
educated
workforce
Canada’s
workforce
is
the
most
highly
educated
among
members
of
the
OECD,
with
half
of
its
working-­‐age
popula4on
having
a
ter4ary
level
educa4on.

4. Canadian
Advantage
Low
tax
rates
Canada’s
overall
marginal
effec4ve
tax
rate
is
by
far
the
lowest
in
the
G-­‐7
-­‐
about
17
percentage
points
lower
than
that
of
the
United
States.
Compe==ve
R&D
environment
Canada’s
R&D-­‐intensive
sectors
enjoy
the
lowest
costs
in
the
G-­‐7,
with
a
cost
advantage
that
is
10.7
per
cent
lower
than
that
in
the
U.S.
Financial
stability
For
the
sixth
consecu4ve
year,
the
World
Economic
Forum
has
declared
Canada’s
banking
system
to
be
the
soundest
in
the
world
A
great
place
to
invest,
work,
and
live
Canada
is
one
of
the
globally
most
mul4cultural
countries
with
world-­‐class
universi4es,
a
universal
health
care
system
and
clean
and
friendly
ci4es
in
addi4on
to
having
the
second
highest
standard
of
living
in
the
G-­‐20,
as
measured
by
GDP
per
capita

5. Canadian
Advantage
Top-­‐=er
Ecosystems
Toronto
and
Vancouver
are
ranked
among
top
10
best
ecosystems
globally
(Startup
Genome
Project,
2012)
Loca=onal
Arbitrage
Short
haul
flights
to
San
Francisco
and
New
England
+
Cheap
rent,
availability
of
top
talent
and
advantageous
tax
credits
=
Canada
is
cost-­‐effec4ve
Quality
of
Life
Free
healthcare
and
educa4on
Mul4cultural
society

6. Canadian
Business
Life
Canada
has
successful,
globally
recognized
technology
and
Sojware-­‐as-­‐a-­‐Service
(SaaS)
start-­‐ups
which
are
acquired
by
top
companies
Eloqua
Marke4ng
automa4on
and
Revenue
Performance
Management.
Has
been
acquired
by
Oracle
in
2012
for
871M
USD
Taleo
On-­‐demand
unified
talent
management
solu4ons
for
organiza4ons
around
the
world
to
assess,
acquire,
develop
and
align
their
workforce.
Has
been
acquired
by
Oracle
in
2012
for
1.9B
USD
Radian6
Social
Media
Monitoring
Planorm.
Has
been
acquired
by
Salesforce
in
2011
for
326M
USD

7. Canadian
Business
Life
Canada
is
also
home
to
fast
growing
technology
and
Sojware-­‐as-­‐a-­‐Service
(SaaS)
companies

8. Startup
Visa
Canada
How
it
works
Gran4ng
of
permanent
residency
status
condi4onal
on
receipt
of
leoer
of
support
from
;
i. designated
VC
ii. angel
investor
group
iii. designated
business
incubator
Minimum
to
raise
$75,000
from
Angel
Group
$200,000
from
VC.
There
is
no
set
amount
of
investment
required
for
the
incubator
stream,
but
investors
can
provide
funding
Addi=onal
Requirements
Fluency
in
either
English
or
French
One
year
of
post-­‐secondary
educa4on
Sufficient
seolement
funds
($10K-­‐$25K)
Security
and
medical
clearance

9. Startup
Visa
Canada
Who
qualifies?
Up
to
five
co-­‐founders
(and
family
members)
can
relocate
as
long
as
they
own
at
least
10%
of
vo4ng
rights
individually.
Program
applicants
must
cumula4vely
own
shares
represen4ng
at
least
50%
of
vo4ng
rights.
Reincorpora=on
in
Canada
Required,
but
can
be
done
ajer
Permanent
Residency
has
been
granted.
Ci=zenship
Eligibility
ajer
thee
years
as
permanent
resident.
Success
of
start-­‐up
is
irrelevant.

10. Succesful
Applica4ons
-­‐
Zeetl
“As
an
entrepreneur,
I
feel
more
empowered
by
the
Startup
Visa
Canada
program.
I
can
now
focus
on
growing
an
innovaGve
company
in
Canada
to
disrupt
telecommunicaGon
industry
world
wide
instead
of
worrying
about
visa
applicaGons
and
extensions
for
me
and
my
family.”
Ukranian
Stanislav
Korsei,
co-­‐founder
and
CEO
of
Zeetl

11. Successful
Applica4ons
-­‐
Retsly
“Canada
has
done
a
fantasGc
job
supporGng
entrepreneurs
with
tax-­‐based
incenGves.
Now
that
the
Business
Incubator
stream
has
been
introduced,
foreign
business
owners
like
myself
can
finally
feel
secure
in
calling
Vancouver
home.“
Joshua
Lopour
(originally
from
California)
CEO
of
Retsly

12. Successful
Applica4ons
-­‐
Cognilab
“In
the
highly-­‐compeGGve
startup
environment,
entrepreneurs
cannot
afford
to
skip
a
beat.
Foreign
entrepreneurs
growing
their
companies
the
US
lose
valuable
Gme
dealing
with
a
broken
immigraGon
process
that
oRen
takes
years
to
complete.
Thankfully,
Canada
gets
it
–
the
recently
announced
Canadian
startup
visa
allows
foreign
entrepreneurs
to
easily
move
their
companies
and
start
creaGng
jobs
in
the
Canadian
economy.”
Jose
Barrios
(originally
from
Mexico)
CEO
of
Cognilab

13. Pivot
to
Canada

14. Cagdas
ONEN
cagdas@onenconsultancy.com