What Are Business Incubators?

The Role of Business Incubators in Immigration

Business incubators are specialized organizations that support startup projects throughout their development, from idea generation to commercialization. They help new ventures through various stages of growth.
After completing a program at a business incubator, you will need to present a business plan for your project in Canada. Once your business plan and idea are evaluated, the incubator may invite you to become a resident and provide you with a letter of support.

The letter of support is a critical document for obtaining immigration documents and securing permanent residency status in Canada. It serves as essential evidence in your application process.
From Plan to Permanent Residency

List of Designated Organizations

New Developments in 2024

Conclusion

Starting April 2024, new incubators have introduced expedited processing for letters of support. These letters are reviewed faster and given priority. To further accelerate your application, demonstrating additional investments in your startup can enhance the speed of processing.
Business incubators are crucial for obtaining a letter of support necessary for Canadian immigration. Selecting the right incubator and understanding their process can significantly impact your ability to secure permanent residency and establish your business in Canada.

Connect with us

If you are interested in understanding more about these designated organizations and how they can help your start-up immigrate to Canada, we at CBGA can assist you with the process. We provide support in navigating the Startup Visa application and connecting you with the right designated organizations to fast-track your business's success.
  • Anna Pospelova
    Business Growth
  • Daniil Tyan
    Innovative Technologies
  • Mariana Fedorova
    Business Consulting
  • Fedor Belomoev
    Strategic Leadership

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