The number of Start-Up immigrants to Canada has seriously dropped
According to data by IRCC, the number of immigrants through the Start-Up Visa Program (SUV) has seriously dropped in 2020. For instance, in the first half of the year, Canada admitted only 140 SUV permanent residents. Last year Canada welcomed 515 start-uppers. Such a significant reduction in numbers is caused mainly by the outbreak of the COVID-19 pandemic. At the same time, many business incubators have postponed their programs or switched to online mode. Venture capital funds and angel-investors became more cautious in assessing risks regarding investments. Experts assume that Canada may restore the volume of applications next year, once the economy will recover from the crisis.
#business_immigration, #Start_up_visa, #SUV, #entrepreneurs