Incubators asking for large amount of money to get letter of support.

[Sidhu420]

I am not in Canada yet as I don't have a WP.

hi jdutta i also want startup can you name the consultant

 

[ARMAH]

Great feedback! Thanks!

Hello Dear jdutta

We have got support and commitment letter from one incubator and get mentoring now but unfortunately yesterday we received refusal letter telling that we don't have money tie and we don't leave Canada at the end of stay. could you get approval visa?

 

[jdutta]

Hello Dear jdutta

We have got support and commitment letter from one incubator and get mentoring now but unfortunately yesterday we received refusal letter telling that we don't have money tie and we don't leave Canada at the end of stay. could you get approval visa?

Sorry I didn't understand the reason for refusal! That's absurd in my opinion. No, I haven't got approval for my visa yet.

 

[jdutta]

hi jdutta i also want startup can you name the consultant

Please don't use a consultant - I haven't used one. You will be better off investing that money in your business. I contacted one and they asked me 15,000 CAD.

 

[ARMAH]

Sorry I didn't understand the reason for refusal! That's absurd in my opinion. No, I haven't got approval for my visa yet.

yes you are right we got support letter from the incubator in Manitoba. I think you too, Am i right?

 

[ARMAH]

Please don't use a consultant - I haven't used one. You will be better off investing that money in your business. I contacted one and they asked me 15,000 CAD.

Hello
Could you get your WP visa approval?

 

[ahs]

Please don't use a consultant - I haven't used one. You will be better off investing that money in your business. I contacted one and they asked me 15,000 CAD.

could you please share some details of ur consultant who u quoted above. I am also looking for applying for start up Visa category
would appreciate your response

 

[cooolideal]

Anyone can share how much minimum investment is required for startup visa? And we can connect with incubators?

 

[Azizhk]

Incubator fees vary - Mine is asking for 2100 CAD per month. I get office space in return (which due to the Covd 19 situation I haven't been able to use). I also get CEO mentoring from a very experienced person and have learned a ton of stuff in the past 6 months. (Started in April 2020). So yeah, while this is expensive route I think it is worth it - especially if you are over 40 and do not qualify for any express entry category.

Hello, which Incubator have you used please?

 

[kabayan]

Hi All,
My US based startup got accepted in a business incubators which is among the listed designated organization by CIC for the startup visa program.
However they asked for 20k CAD as an administration fee to issue the support letter. During our discussions and the whole application process this fee wasnt brought up even though we asked them explicitly what would be the cost.


Is this the normal way incubators work in Canada ? It seems like it defeats the whole purpose of the SVP as startups have limited funds to begin with. It looks like they are selling the visa.

I’m considering other options right now beside SVP given that I need to have a temporary work permit as soon as possible in Canada. Any pointers on where to look?
Could we incorporate the company in canada and make it a subsidiary of the US company then just hire ourselves?

Any help would be appreciated!

You may want to read up on the USMCA/previously known as NAFTA if you already have an existing/operational business in the US

 

[Nomad80]

Incubator fees vary - Mine is asking for 2100 CAD per month. I get office space in return (which due to the Covd 19 situation I haven't been able to use). I also get CEO mentoring from a very experienced person and have learned a ton of stuff in the past 6 months. (Started in April 2020). So yeah, while this is expensive route I think it is worth it - especially if you are over 40 and do not qualify for any express entry category.

Hi,
I am also planning to immigrate through startup visa. I am not sure which incubator to contact. Could you please share the name of your incubator.
I wish you good luck
Thanks,
Sherzod

 

[Antiseptic]

Let me know that you want to know exactly, there is not much else about the payment with the incubator. I signed the contract that said I have to pay when I get my PR. I actually paid them after 3 weeks of being there they did not rush me with the payment at all.

Hello Kingcoon
I would like to know the name incubator? Person in charge? Contac no? Email address? Who really genuine to help start-up visa to get a letter of support. We dont mind to pay a reasonable if we are successful to get the work permit and start our Production asap.

We really appreciate your help and attention.

Regards
Thomas

 

[Startup_Visa]

Hello Kingcoon
I would like to know the name incubator? Person in charge? Contac no? Email address? Who really genuine to help start-up visa to get a letter of support. We dont mind to pay a reasonable if we are successful to get the work permit and start our Production asap.

We really appreciate your help and attention.

Regards
Thomas

@Antiseptic - You will have to contact the designated incubators and find that out for yourself. And nobody can gurantee you SUV WP or PR. You will have to do the ground work yourself as each startup is different and might not be relevant to the incubator someone else got through.

 

[Naturgrl]

Hello Kingcoon
I would like to know the name incubator? Person in charge? Contac no? Email address? Who really genuine to help start-up visa to get a letter of support. We dont mind to pay a reasonable if we are successful to get the work permit and start our Production asap.

We really appreciate your help and attention.

Regards
Thomas

All the designated incubators are listed on the IRCC website. You need to decide which one fits best with your business concept.