How the Start-Up Visa Works
Unlike traditional investor programs that require large capital deposits, the SUV is merit-based. You must pitch your business idea to a designated Canadian organisation and receive their formal Letter of Support. The organisation's endorsement is the cornerstone of your application — it replaces the need for a minimum net worth or investment threshold.
Designated Organisation Types
Venture Capital Funds
Must commit a minimum investment of $200,000 CAD in your business. Currently, 13+ designated venture capital funds participate in the program, including BDC Capital and prominent tech-focused VCs.
Angel Investor Groups
Must commit a minimum investment of $75,000 CAD in your business. National Angel Capital Organisation (NACO) member networks and other designated angel groups participate.
Business Incubators
No minimum investment required — incubators provide mentorship, workspace, and networking. Must be designated by IRCC. Includes programs at Communitech, MaRS, Vancouver's BCIC, and universities across Canada.
Eligibility Requirements
Language
Minimum CLB 5 in all four abilities (speaking, listening, reading, writing) in English or French. Demonstrated through IELTS, CELPIP (English) or TEF/TCF (French).
Education
No minimum educational requirement — however, in practice, most designated organisations expect post-secondary credentials and demonstrated technical or business expertise.
Settlement Funds
Must demonstrate sufficient settlement funds to support yourself and your family upon arrival: $14,690 for 1 person, $18,288 for a family of 2, scaling up to $38,875 for 7 or more.
Business Ownership
Each applicant must hold at least 10% of voting shares in the business. All SUV applicants combined must hold more than 50% of voting shares. Maximum 5 co-founders per business can apply through the SUV.
Active Management
You must intend to actively manage the business from Canada. The business must be incorporated in Canada (or in the process of incorporation).
Admissibility
Must be admissible to Canada — no criminal convictions that would result in inadmissibility, no security concerns, and pass immigration medical examination.
Application Process
Industries Where SUV Thrives
- Artificial Intelligence and Machine Learning
- Clean technology and green energy
- Health technology and life sciences
- Financial technology (fintech)
- Software as a Service (SaaS)
- Agriculture technology (agtech)
- Cybersecurity
Is Your Business SUV-Ready?
David Johl, RCIC R519520, works with entrepreneurs to structure their SUV applications and connect with the right designated organisations. Book a free strategy session.
💬 WhatsApp Free ConsultationThis page is for general information only and does not constitute immigration legal advice. Program rules change frequently — always verify details at canada.ca. For personalised guidance, consult a Regulated Canadian Immigration Consultant (RCIC). Mirus Immigration · David Johl · RCIC R519520.