The Federal Start-up Program (FSUP)” pilot was the first pilot program implemented through Ministerial instructions. The start-up visa was designed to attract innovative foreign entrepreneurs who would contribute to the new & innovative needs of the Canadian economy & facilitate the entry of innovative entrepreneurs who would actively pursue business ventures in Canada. There are currently thirty-two (32) venture capital funds, six (6) angel investor groups & fourteen (14) business incubators that have been designated to participate in the Start-up visa program.

The Canadian Federal Start-up program is designed to meet some specific goals for Canada:

• Create employment.
• Increase Foreign Direct Investment (FDI).
• Increase population growth with immigrants.
• Increase the tax base of the economy.
• Develop innovative companies that can play in the international stage.

The program attracts business professionals from all over the world to set up & develop business in different sectors of the economy in Canada.