Venture Capitalist: Immigration System

Canadian Partners Dept: Mr. Wertz is one of the backers of an initiative called Startup Visa Canada, a group calling for the creation of a new kind of immigration class for entrepreneurs. He says the current requirement that entrepreneurs invest $300,000 of their own money is unrealistic. Many are just out of school and, if they had those resources, they would probably not need to migrate, according to Globe And Mail. “Their companies are going to hire people,” Mr. Wertz said. “They’re going to pay taxes. In the end, the biggest thing we can do in a world that is more and more globalized is to start new companies in the tech space.” Boris Wertz, a Vancouver venture capitalist, says Canada needs urgent reform of its immigration system if it wants to lure some of the world’s best tech talent. He proposes the barrier be securing $150,000 in investments from established Canadian partners. The new arrivals would be eligible to work only for their new company. If after two years their business had failed or if they hadn’t created three full-time jobs, their visas would expire and they would have to leave Canada. As reported in the news.
@t globe and mail, visa canada