Entrepreneurs applying for Canada Startup Visa Program must gain the support of an IRCC-designated venture fund, angel investor, or incubator through presenting a scalable Canada startup visa business plan.

Suppose, you possess an innovative idea with the potential to bring distinctive value to various Canadian industries, especially in priority sectors such as agri-food, clean technology, advanced manufacturing, ICT & digital services, or biotechnology. In that case, a Canada Startup Visa Business Plan will help you to put across your distinct offerings and value additions, secure the essential support of relevant parties, and realize your entrepreneurial goals in Canada.

Also Read: IRCC has designated a number of organisations to support foreign entrepreneurs in setting up innovative businesses in Canada. View the complete list of designated organizations for Canadian start up visa that can offer you the mandatory support.

RELATED SERVICES: E2 Visa Business Plan, UK Innovator Founder Visa, Australia Entrepreneur Visa

Canada Startup Visa Requirements And Eligibility

Qualifying entrepreneurs will be awarded Perminent Resident status through the Canada Startup Visa Program. This allows them to live and develop the business in Canada, sponsor family members, access healthcare and social services, be protected under Canadian law. In time, they can also become citizens.

  • The entrepreneur (or entrepreneurial team, if applicable) must hold more than 50% of voting rights in a business, together with the designated organization(s) supporting it.
  • There must be evidence that the entrepreneur is actively managing a Canadian business.
  • A Letter of Support must be obtained from the designated organization, which serves as proof that they will support the entrepreneur’s business idea. The organization should also submit a copy to the IRCC, along with a commitment certificate.
  • Designated organizations that are venture capital funds must invest a minimum of $200,000 in the entrepreneur’s business. While angel investors must invest at least $75,000. The investment may be co-funded by multiple organizations. Designated organizations that are business incubators need not invest in the business but must accept the entrepreneur onto an incubation/acceleration program.
  • Be prepared to cover your living expenses, expenses linked with engagement/program costs of the designated organization, and fees payable to Canadian immigration authorities to process your application.
  • Pass the Canadian Language Benchmark (CLB) 5 in either English or French in speaking, reading, listening, and writing.
  • Submit an application for permanent residency, and apply for a temporary work permit to gain entry to Canada in the interim.
  • Evidence that the invested funds are obtained through lawful means must be provided.
  • Evidence of the entrepreneur’s qualifications to run the business must be provided.
  • For detailed information, please refer to the IRCC guidelines for the Start-up Visa Program.

A well-crafted Canada Startup Visa Business Plan is handy when migrating to Canada for entrepreneurial pursuits. It not only outlines, The viability and potential success of the business. But, also demonstrates your ability to navigate the Canadian marketplace, meet Canadian legal requirements and contribute to the Canadian economy. All these are essential factors that ensure your PR case gets a favourable adjudication from the IRCC.

Let’s strategize and build a strong business plan, together.

Get in touch with your bespoke requirements and we will design a customized package for you.

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Our Methodology

We can take the business planning work off your plate. So that, you shall focus on other things that  matter the most for your company. Our methodology to prepare The Canada Startup Visa Business Plan is outlined below:

Discover

1. Discover
Our process begins with a discussion regarding your business idea for the Canada Startup Visa Business Plan. Subsequently, we’ll outline a detailed plan of action, covering project scope, deliverables, and timeline. We will also send you a survey to gather basic information about your idea or company. This step is typically followed by an interactive Q&A session to ensure a comprehensive understanding of your business and project specifications.

Preparation

2. Preparation
Based on the insights and information gathered in the previous phase, we will commence the development of your Canada Startup Visa Business Plan. Projections will be finalized and shared with you for verification within the initial week. The intermittent plan draft will follow in the second week. A complete business plan draft will be circulated in the third week of commencing the plan development.

Completion

3. Completion
Your review of the complete Canada Startup Visa Business Plan is highly anticipated, and your feedback is invaluable to us. Any necessary adjustments will be incorporated into the plan, ensuring that the final version meets your needs. The final business plan will be circulated for your use.

4. Retain Us
Retain our services to keep your business plan up-to-date in the long-run. We will be responsible for updating the business plan as circumstances and variables change in the future. We will ensure you always have access to the up-to-date business plan to productively engage with any investors at any time.

Our Value Proposition

100%

WINNING BUSINESS PLANS

Our business plans are proven to generate results, whether it would be raising capital or steering the company’s operations to success. Our methodology also ensures your productive participation in developing the plan so that we can tailor it to exceed your expectations.

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AVERAGE PROCESSING TIME

Our average processing time is 3 weeks (15 working days). We can always expedite the business plan preparation to complete it quicker than 3 weeks. The fastest turnaround time we can achieve is 7 working days. The expedition is subject to our team’s availability and other terms and conditions.

2x

VALUE FOR MONEY

With our business plan services, you get two times more value for your money because of affordable pricing and amazing results.

How to Write a Canada Startup Visa Business Plan?

The development of a business plan for every company requires a unique approach, making the plan content vary case by case. However, the following template shall help in understanding our approach to develop a Canada startup visa business plan.

Executive summary provides glimpses of the entire business plan. It shall enable readers to gain basic understanding of the company, market and financial outlook without having them read the rest of the sections. In our Canada startup visa business plan, the core elements of the executive summary include preamble, business highlights, objectives (strategic, operational and financial), mission statement and keys to success.

This section provides in-depth information about the company and its operations. In the section, we will describe company’s shareholding, founding/management team, hiring plan, organisational structure, location, suppliers, and regulatory approvals.

This section describes the company’s offerings and value proposition. It should help in understanding the market problems and solutions, product/service description, unique selling proposition, and intellectual properties.

It is imperative to analyse the external environment of your company in which it operates and understand market factors that will have a positive or negative impact on its operations and revenue potential. This section will mainly deliver insights into the industry size and trends, competition and SWOT analysis.

Marketing plan is crucial for your business plan as it helps in explaining your customers and your strategies to increase your exposure to them. We will quantify the target market size, identify customer segments and provide strategies for marketing and promotion of your company.

Three to five-year financial forecasts will be provided, leveraging existing or estimated data of your business. The projections will include underlying assumptions, start-up costs, break-even analysis, sales forecast, profit and loss statement, cash flow statement and balance sheet.

This final section of the business plan provides supplementary information that may validate or support information provided in the main business plan. For instance, if a strategic partnership is mentioned in the business plan, a copy of the partnership agreement or memorandum of understanding can be provided as evidence in the appendix.