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Designated Organizations for the Start-up Visa Immigration

The Start-up Visa Program targets entrepreneurs and innovative business people. It is a federal immigration program for those who intend to immigrate to Canada, and their destination is anywhere but the province of Quebec. A vital component of the Start-up Visa program is to receive a Letter of Support from a designated organization by IRCC (Immigration, Refugees and Citizenship Canada). These organizations fall into three major groups:

  • Venture capital funds – According to bdc.ca, “a venture capital (VC) fund is a sum of money investors committed for investment in early-stage companies. The investors who supply the fund with money are designated as limited partners. The person who manages the fund is called the general partner. The general partner decides which early-stage companies the fund will invest in based on criteria established by the fund partners.” A valid letter of support from a designated venture capital fund means they agreed to invest your idea in a minimum amount of CAD 200,000.
  • Angel investor groups – A group of angel investors create an angel investor group. According to bdc.ca, angel investors “are wealthy, experienced business people who invest their time and money in your high-growth business in exchange for equity.” IRCC expects a minimum of CAD 75,000 along with a letter of support from a designated angel investor group to consider the letter acceptable.
  • Business incubators – According to bdc.ca, “a business incubator is a program that gives very early-stage companies access to mentorship, investors and other support to help them get established.” Business incubators usually do not invest capital in a business but offer their services to them. Acceptance by a business incubator and a letter of support without any investment is good enough for IRCC.

You only need one letter of support from one designated organization. For example, if you receive a letter from an incubator, you do not need a venture capitalist or angel investor letter.

The following lists show the existing designated organizations for the Start-Up Visa program. I copied them verbatim from the IRCC website on December 9, 2018, and updated the list on December 27, 2020. Please visit their website for the official version. The following list is not official and is not endorsed by IRCC.

<<Read: What is happening with the Start-up Visa and Self-employed Class applications 2021>>

Venture Capital (VC) Funds

Angel Investor Groups

Business Incubators

Read the following article for more information about the Star up visa immigration.

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Update: May 28, 2021

*Note: For the official list of designated organizations for the Start-up visa program click here.

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Al Parsai, MA, DTM, RCIC
Regulated Canadian Immigration Consultant
Ashton College Instructor – Immigration Consulting
Author – 88 Tips on Immigration to Canada

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This article provides information of a general nature only. Considering the fluid nature of the immigration world, it may no longer be current. Of course, the item does not give legal advice. Therefore, do not rely on it as legal advice or immigration advice. Consequently, no one could hold us accountable for the content of these articles. Of course, if you have specific legal questions, you must consult a lawyer. Alternatively, if you are looking for immigration advice, book an appointment.

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Al Parsai

This article has been expertly crafted by Al Parsai, a distinguished Regulated Canadian Immigration Consultant (L3 RCIC-IRB – Unrestricted Practice) hailing from vibrant Toronto, Canada. Al's academic achievements include an esteemed role as an adjunct professor at prestigious Queen's University Law School and Ashton College, as well as a Master of Laws (LLM) degree from York University. A respected member of CICC and CAPIC organizations, Al's insights are further enriched by his experience as the dynamic CEO of Parsai Immigration Services. Guiding thousands of applicants from over 55 countries through the immigration process since 2011, Al's articles offer a wealth of invaluable knowledge for readers.