Alberta Foreign Graduate Entrepreneur Stream
The Foreign Graduate Entrepreneur Stream is a program that nominates talented foreign graduates from outside Canada for permanent residence when they launch start-up businesses in Alberta.
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Table of Contents
- Minimum Requirements
- Settlement Funds
- Points Assessment
- Pass/Fail Assessment Grid
- Contact us for Assistance
The Foreign Graduate Entrepreneur Stream is a collaboration between Alberta and approved designated agencies. If you're interested in applying to immigrate to Canada under this stream, you are required to work with a designated agency.
If you meet the requirements set out by the Alberta Advantage Immigration Program, the designated agency will issue a letter of recommendation.
You will then be required to submit that letter with your Expression of Interest (EOI) through AAIP Portal, the province's online portal. You are required to submit an EOI to show your interest in immigrating to Alberta.
The designated agency will review your business plans based on your ability to demonstrate the potential for successful market entry, customer acquisition, business development, key partnerships and financial plans to fund the development and operation of the business. The agency will provide a report on their assessment of the business plan. You must submit this report as part of your Foreign Graduate Entrepreneur Stream Business Application.
Approved Designated Agencies
If you are interested in the Foreign Graduate Entrepreneur Streams, you should contact one of the following agencies:
Minimum Requirements
To apply for the Foreign Graduate Entrepreneur Stream, you must meet the following requirements:
Work Experience
You need to have at least 6 months of full-time work experience of actively managing or owning the business, or work experience with a business incubator or business accelerator.
Education
You must have completed a degree from a post-secondary institution within the last ten years. You must also obtain an Educational Credential Assessment (ECA).
Business Plan
You are also required to submit a business plan with projected financials.
Pitch Deck
You must prepare a 10-minute presentation that outlines the proposed business. Assume this presentation is for an investor.
Language requirements
You must have a minimum Canadian Language Benchmark (CLB) level of 5 for each English language skill (reading, writing, listening and speaking)
OR
Niveaux de compétence linguistique canadiens (NCLC) of 7 for each French language skill (reading, writing, listening and speaking).
Test results that are more than two years old at the time of EOI submission will not be accepted.
Business establishment
You must have at least 34% ownership if the business is located in an urban centre, or at least 51% ownership if the business is located in a regional area outside Calgary and Edmonton.
Business investment
Before coming to Alberta, you must make an investment of at least CAD $100,000 if the business is located in an urban centre, or CAD $50,000 if it is located in a regional area. The more you invest, the more points you will gain.
The investment must be from your own equity, or from a recognized Canadian financial institution, venture capital or angel investment firm.
Letter of recommendation
You must have a letter of recommendation from an AAIP-approved designated agency.
Settlement Funds
In addition to the above, you are required to demonstrate that you have the funds required to set up your business and support yourself while you are doing so.
The amount you need to have to support yourself depends on two factors: how many people are in your family, and the population of the community you will launch your business in.
Points Assessment
Human Capital | Points |
---|---|
Language proficiency (maximum 30 points) | |
CLB 5 | 10 |
CLB 6 | 15 |
CLB 7 | 20 |
CLB 8 | 30 |
Education (maximum 35 points) | |
Bachelor's degree (mandatory minimum) | 5 |
Master's degree | 10 |
Doctoral degree | 15 |
Degree completed within the last 5 years at the time of EOI submission | 10 |
Degrees in Science, Technology, Engineering and Mathematics | 5 |
Business degrees | 5 |
Business management, ownership or equivalent experience (maximum 35 points) | |
6 months (mandatory minimum) | 5 |
more than 6 months to less than 1 year | 10 |
1 to 2 years | 15 |
More than 2 years | 20 |
Additional Points: Business ownership experience | 15 |
You are also required to meet the following business requirements:
Business Factors | Points |
---|---|
Business Plan (maximum 40 points) | |
A business plan with projected financial information according to the AAIP guidelines | 40 |
Investment prior to coming to Alberta (maximum 25 points) | |
Urban Centre: | |
$100,000 (mandatory minimum) | 5 |
$100,001 to $500,000 | 11 |
$150,001 to $200,000 | 18 |
Over $200,000 | 25 |
Regional Area: | |
$50,000 (mandatory minimum) | 5 |
$50,001 to $100,000 | 11 |
$100,001 to $150,000 | 18 |
Over $150,000 | 25 |
Additional investment after launch (maximum 20 points) | |
Urban areas and communities outside the Edmonton and Calgary Metropolitan Regions: | |
$100,000 to $150,000 | 5 |
$150,001 to $200,000 | 10 |
$200,001 to $250,000 | 15 |
Over $250,000 | 20 |
Regional Areas: | |
$50,000 to $100,000 | 5 |
$100,001 to $150,000 | 10 |
$150,001 to $200,000 | 15 |
Over $200,000 | 20 |
Job Creation (maximum 15 points) | |
1 job | 5 |
2 job | 10 |
3 jobs or more | 15 |
Pass/Fail Assessment Grid
Criteria | Pass or Fail |
---|---|
Ownership of start-up (mandatory minimum) | |
Must have a minimum of 34% ownership if the business is located in an urban centre, or 51% ownership in a regional community. | Pass or Fail |
Businesses in key or priority sectors (mandatory minimum) | |
Business must be connected to one of the following sectors:
| Pass or Fail |
Settlement funds (mandatory minimum) | |
You are required to have enough funds to support yourself and your family while you are on a work permit and starting your business in Alberta. | Pass or Fail |
Pitch deck (mandatory minimum) | |
A 10 minute slides-only presentation that describes you and your proposed business. | Pass or Fail |
Letter of recommendation (mandatory minimum) | |
You must obtain a letter of recommendation from an approved designated agency | Pass or Fail |
Contact us for Assistance
Cohen Immigration Law is a leading Canadian immigration law firm with over 45 years of experience. Cohen Immigration Law features over 60 immigration lawyers, paralegals, and professionals who are dedicated to helping you immigrate to Canada.
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Complete our FREE assessment to find out if you are eligible for Canadian immigration!