Kenney’s solution for Canada’s future: Brain drain from poor countries

 

Kibera (Kenya) street scene. Would this be an  entrepreneur fit for Canadian permanent residency?

Immigration Canada to lure foreign entrepreneurs with prize of permanent residency
Published on Thursday January 24, 2013

Nathan Denette/THE CANADIAN PRESS
Immigration Minister Jason Kenney hopes a new entrepreneur program will make “Canada the destination of choice for the world’s best and brightest to launch their companies.”
Nicholas Keung
Immigration Reporter

www.thestar.com
21 Comments

Ottawa hopes to lure innovative entrepreneurs from abroad to Canada by offering them permanent residency.

Immigration Minister Jason Kenney said Thursday the move will put Canada ahead of its competitors, such as Australia, the United Kingdom and United States, where entrepreneurs are offered only temporary residency, and their ultimate status hinges on business success.

“Our new Start-Up Visa will help make Canada the destination of choice for the world’s best and brightest to launch their companies,” said Kenney, who is planning a trip to Silicon Valley, the world’s start-up capital, to find foreign entrepreneurs looking for a permanent home.

“Recruiting dynamic entrepreneurs from around the world will help Canada remain competitive in the global economy.”

The new program, which will accept applications starting April 1, will link immigrant entrepreneurs with private sector organizations in Canada that offer support and resources for their ideas. Candidates must be sponsored by Canadian investors.

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Brain drain

In addition to a sound business plan, applicants must meet an intermediate language requirement in English or French, possess one year of post-secondary education and pass the necessary medical and criminal checks.

Kenney said the five-year pilot program will accept 2,750 applications a year and be made permanent if the government is satisfied with the results. Applications are expected to be processed within one year.

“Canada’s future relies on today’s entrepreneurs,” said Kenney.

The initiative is an evolutionary leap from Canada’s archaic entrepreneur program, which had been in place since the 1970s by offering conditional residency to foreign entrepreneurs who opened mall kiosks, corner stores and small businesses.

Immigrant entrepreneurs admitted to Canada dropped sharply to 184 in 2011, down from 1,176 in 2002.

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2 thoughts on “Kenney’s solution for Canada’s future: Brain drain from poor countries”

  1. Citizenship should not be sold to people who bring in a business to Canada!!! The businesses brought in will only hire their race which is being proven by the Chinese store in London only hiring Chinese. Sikhs in a trucking company want you speaking Pujab. I know because my son applied and was not hired. My cousin who worked for a bank in BC was told she had to learn Mandarin. Bringing more foreign people in to open a business will be of no benefit to Canadian born people. People wake up!!!!!

  2. As far as the brain drain issue goes, we’ve been moaning about our brain drain to the USA for decades. But now it’s OK to take third world thinkers from the places they’re needed the most? What about encouraging our own kids into enterpeneurship and innovative research?

    That just leads to the ludicrousness of that Sikh fellow a few years ago who sought “sancturary” in a Sikh temple in the Vancouver area because he said there were no doctors in India to treat his medical condition. Maybe he had a point – all the East Indian doctors are here!

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