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
The Canadian government has recognized several business incubators for their role in helping startups grow. Click here to view a list of notable business incubators designated by the Canadian government.
The Canadian government has recognized several Venture Capital Funds for their contributions to supporting startups. These funds provide essential financial backing for high-potential businesses, helping them scale and succeed in Canada’s competitive market.
Explore a comprehensive list of top Venture Funds officially designated by the Canadian government.
Canada’s Angel Investors play a key role in supporting early-stage businesses. Recognized by the government, these groups provide crucial investment and mentorship to help startups get off the ground.
Discover Angel Investor groups recognized by the Canadian government for their role in supporting innovative startups.
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.