This program is for talented and qualified foreign graduates from outside of Canada to launch a startup business in Alberta and get permanent residence.
How to apply?
A foreign graduate must work with a designated agency that will review their business plan and they will issue a recommendation letter for foreign graduates if they think the plan is meeting the AINP requirements.
|Point System||FGSVS points grid.|
|Pass score||Pass or fail based on FGSVS mandatory minimums.|
|Language||Minimum of CLB/NCLC 7 in English or French language.|
|Experience||Minimum of 6 months full-time work experience in business management or ownership of business or combination or equivalence.|
|Job Offer||n. a|
|Education||Must have completed a post-secondary degree outside of Canada within the last 2 years and have obtained an ECA.|
|Settlement Funds||Must have sufficient settlement money based on LICO for yourself and dependents while on work permit and during the pre-profitability stage.|
|Others||Networth: n. a Investment: Minimum of $100,000 investment if the business is going to be established in urban centers, if not in the urban center then a minimum of $50,000 is required. The more investment ability the better chances of selection. Business Plan: present the business plan including projected financials. Pitch Desk: provide printed slides of a 10-minutes presentation about the business venture. Business ownership: A minimum of 34% ownership if the business is located in an urban center, or a minimum of 51% ownership if the business is located in rural areas outside of Calgary and Edmonton.|
LINKS AND RESOURCES:
https://www.alberta.ca/ainp-foreign-graduate-start-up-visa-stream.aspx (Accessed in Sep 2021).https://extern.labour.alberta.ca/AINPSAT/ainpsat-fgsvs.aspx (Accessed in Sep 2021).