|Table of Contents
|1. What is a Letter of Support for a Canada Start-up Visa?
|2. Designated Business Organizations (DBOs)
|2.1 Categories of DBOs
|2.2 Authorized Organizations for LOS issuance
|3. Importance of a Letter Of Support (LOS) for the Canada SUV Program
|4. How to Obtain a Letter of Support for Your Start-Up
|4.1 Qualification Stage
|4.2 Assistance and Guidance
|5. Achieving Permanent Residence through the Start-Up Visa
|5.1 Application Process
|5.2 Program Criteria
|6. Important Questions Asked in 2024 on Canada Letter of Support (LOS)
|6.1 Purpose of a Letter of Support
|6.2 Authority to Issue
|6.3 Ideal Length
|6.4 Issuers for Canada Startup Visa Program
|6.5 Mandatory for Application
|6.6 Multiple Entrepreneurs under the Same Commitment
|6.7 Details Included in a Letter of Support
|6.8 Contribution to the Visa Application Process
|6.9 Importance for Permanent Residence
|6.10 Obtaining a Letter of Support
|6.11 Requirements for Presenting a Business Idea
|6.12 Single Designated Organization for Multiple Co-applicants
|7. Fast Global Migration Success Stories for Canadian Startups
|7.1 Unparalleled Success Rate
|7.2 Tailored Solutions
|7.3 Proven Track Record
What is a letter of Support for a Canada Start-up Visa?
The Start-Up Visa serves as a pathway to permanent residence, necessitating individuals to obtain a Letter of Support (LOS) from a designated business organisation (DBO). Securing a Letter of Support is the primary requirement to be considered for program admission. Entrepreneurs with groundbreaking ideas that have the potential to generate employment and contribute to economic growth use the Letter of Support to submit their application for Permanent Residence in Canada.
Designated Business Organizations
Designated business organisations (DBOs) are enterprises officially authorised by the Canadian government. There are three categories of DBOs: Venture Capital Funds (VCF), Business Incubators, and Angel Investor Groups (AIGs).
Any DBO can issue a Letter of Support, and the issuing organisation’s identity is irrelevant as long as it is government-authorised. As of November 2021, the following organisations exclusively have the authorization to issue Letters of Support under the Start-Up Visa Program:
1.Venture Capital Funds
|Venture Capital Funds
|7 Gate Ventures
|Arete Pacific Tech Ventures (VCC) Corp
|BDC Venture Capital
|Celtic House Venture Partners
|Extreme Venture Partners LLP
|Golden Venture Partners Fund, LP
|iNovia Capital Inc.
|Intrinsic Venture Capital
|Nova Scotia Innovation Corporation (o/a Innovacorp)
|PRIVEQ Capital Funds
|Red Leaf Capital Corp
|ScaleUp Venture Partners, Inc.
|Top Renergy Inc.
|Vanedge Capital Limited Partnership
|Version One Ventures
|Westcap Management Ltd.
|Yaletown Venture Partners Inc.
|York Entrepreneurship Development Institute (YEDI) VC Fund
2.Angel Investor Groups