Canada, which already has one of the world’s largest immigration programs, is launching a new type of visa for foreign entrepreneurs today. It’s not an April Fool’s Day joke.
Foreign nationals who secure funding from Canadian venture capital firms or angel investors can apply to the new Start-Up Visa program for immediate permanent residency. Canada’s new program is the latest in a score of startup visas recently created or revamped by governments, including Australia, Chile, and the U.K., to woo foreign entrepreneurs.