Which city has the best startup ecosystem under Canada Entrepreneur Visa?

 Canada entrepreneur visa is the globally renowned business immigration pathway for talented foreign business owners, entrepreneurs, and investors. The country has carved a niche in the global startup scene wherein it competes with the giants of Silicon Valley. As per the reports, Canada’s economic competitiveness is greater than the U.S which gives them greater flexibility to innovate in the business ecosystem. For any new business under Canada Investor Visa, the startup ecosystem is very essential for the initiation, operation, and success of the business.

What is the startup ecosystem?

The ecosystem comprises of all the stakeholders – including suppliers, competitors and distributors – that propel and attribute to the delivery of the entire business channel. Similar to biological ecosystems, the business ecosystems heavily depends on both competition and cooperation. All the businesses in an ecosystem influence and are influenced by each other.

Why is a startup ecosystem important?

The flourishing ecosystems have transformed the way of business model, operations, and economic value. They have made it possible to show the significance of vendors, employees, and government policymakers rather than only focusing on customer trends and best-selling products. Ecosystems are important to establish a correlation between one other that allows everyone to collaborate and grow together. It develops processes that encourage the flow of concepts, talent, and resources.

 Which city has the best startup ecosystem?

The Toronto-Waterloo corridor is the largest technology hub in Canada and one of the world’s fastest-growing innovation hubs. As per the studies, there are more than 20,000 companies in the Toronto ecosystem including 5,137 startups and tech giants like Twitter and Amazon. Every day there is a new shop or business in opening in the belt due to the highly functional and robust ecosystem prevalent in the city.

 If you wish to start a new business in Toronto, you can apply for a Canadaentrepreneur visa under the Ontario Business Immigration Stream. You need to meet the following requirements:

·  Experience of a minimum of 24 months as a business owner or a senior manager in business management

·     Minimum Net Worth of CAD 800,000 if the proposed business is located in GTA (Greater Toronto Area) and CAD 400,000, if outside GTA

·     Minimum investment of CAD 600,000 if the proposed business is located in GTA and CAD 200,000, if outside GTA

·  Conduct minimum one business-related visit Ontario to establishing or purchasing an existing business in Ontario

To know more on the Canada entrepreneur visa application process, you may call us at 8595338595 or write us on web@businessimmigrationvisas.com for free counseling.