Monday-Friday 10:00 - 18:00 Telephonic Appointment Only
Investor Venture Capital Pilot Program
The goal of Immigrant Investor Venture Capital Pilot Program is to stimulate the Canadian economy and promote innovation by inviting experienced business professionals. This program process the first 60 complete applications. CIC accepts up to 60 additional applications that will be placed on a waiting list after PR approval of first 60 applications.
Eligibity REQUIREMENTS FOR IIVC
Net worth eligibility:
Must have a minimum personal net worth of CAD $10 million acquired through lawful, private sector business or investment activities. Net worth will only be verified if application submission is accepted.
Non-guaranteed investment in a venture capital fund:
Must be willing and able to make an at-risk investment (non-guaranteed) ofCDN$2millionin the Immigrant Investor Venture Capital (IIVC) Fund.
Any immigrant investor is approved under this program will be required to enter into an agreement with CIC committing a sum of CDN $2 million to the IIVC Fund for about 15 years.
As nature of this investment – venture capital – there are no guarantees that investor will receive proceeds over time or at the end of the terms. As with any venture capital investment, investors could receive proceeds over time or at the end of the investment term. Proceeds will depend on the fund’s performance and will be based on its gains or losses, including fees and expenses incurred to manage it.
Language proficiency:
Must prove your proficiency CLB 5 in English or French in all four language skills (speaking, reading, listening and writing)
Education requirement:
Must have a completed Canadian post-secondary degree, diploma or certificate of at least one year;or
Must have a foreign equivalent, as certified by an original Educational Credential Assessment (ECA) report from a CIC-designated organization. The ECA report must specify that your completed foreign education credential is equivalent to a completed Canadian post-secondary education credential of at least one year.