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The federal government is expanding its new startup visa program for immigrant entrepreneurs even though it has yet to issue a single visa since the program launched six months ago.
Immigration Minister Chris Alexander announced Monday a new business incubator immigration stream to complement existing venture capital and angel investor streams.
As part of the program, entrepreneurs seeking permanent residency in Canada must first gain the support of an angel investor group, venture capital fund or new business incubator before they can apply for the startup visa.