This is a crucial part of the Start-up visa process. There is high competition to secure support from a Designated Organization in Canada and the applicant needs to exhibit relevant skills with your innovative idea or show scalability for your business.

These are the following key steps for obtaining a letter of support from a designated organization:

1.      Prepare your business proposal.

2.      Apply to a designated organization for assessment.

3.      Attend an interview with the designated organization.

4.      Formalize an agreement with the designated entity.

5.      Fulfill the financial obligations to the designated organization.

6.      Secure a Letter of Support from the designated organization.

7.      Submit your application for permanent residency and work authorization.

Your business concept or venture must gain the backing of one or more of the approved entities mentioned below:

·      Venture capital funds

·      Angel investor groups

·      Business incubators

These Designated Organizations are authorized to invest in or provide support to prospective start-ups through the Start-up Visa Program. If an organization opts to review your business idea, it will assess the potential of your proposal and its likelihood of success.

These organizations exercise discretion in selecting the business proposals they evaluate. Each entity maintains its own process for accepting proposals and has specific criteria for assessment. There is a different minimum investment that the applicant needs to secure from either designated organization.

Canreach can help you navigate all the complexities of the Start-up Visa Program with expert guidance on every step of the process from Preparing a business proposal for the designated organization to applying for the permanent Residency.

‍