The Canadian government today officially launched its Start-Up Visa Program, as part of an ongoing effort to lure foreign-born entrepreneurs within its borders — and away from Silicon Valley. The initiative, first announced in January, offers permanent residence to foreigners who obtain a "significant investment" from Canadian venture capital companies or angel investors. The program begins its pilot phase today with an initial annual allotment of 2,750 visas, though Jason Kenney, Canada's Minister of Citizenship, Immigration and Multiculturalism, expects it to broaden over time.
The goal, according to Kenney, is to boost Canada's burgeoning startup economy by offering a comparatively fast track to citizenship. Countries such as Chile...
via The Verge - All Posts http://www.theverge.com/2013/4/1/4170022/canada-startup-visa-program-challenges-silicon-valley-immigration
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