At the moment we don’t receive startups in ideation.
The Startup Visa program has undergone significant changes, allowing Global Startups to support up to 10 companies annually through this initiative. For more details about the program, please visit: https://www.globalstartups.tech/startup-visa-program.
This program is divided into two phases:
Phase I:
Starting in September, this phase lasts three months and focuses on validation. Please note that no Letter of Support is provided during this phase. The cost for Phase I is $15,000 CAD.
Phase II:
Commencing in January, this phase is open to the cohort successfully validated in Phase I and runs for nine months. A Letter of Support is issued at the start of this phase. The cost for Phase II is $45,000 CAD.
We’re a not-for-profit organization and we don’t take equity over any startups. The fees that are required cover the costs of operating the different levels of the program.
As a not-for-profit, all income is redirected to cover expenses related to mentors, staff, office space, internet and other costs applicable to the program.
In some cases, we do. Depending on the stage of the company, we may require the solo-entrepreneur to commit to hiring local talent to grow the company in expectation.
You need to start your process. Our ideal case is to fill out IP in Canada. We understand this process may take months or years, depending on if you’re pursuing patents or copyrights. If you don’t have IP filled out, you will need to work in an IP strategy during our program if you get accepted.
Consider having enough budget for the first year of operations. This budget should include any costs related to incorporation, salaries for co-founders moving to Canada, any local talent you need to hire, and any other expense related that you believe will occur during the first year of operations.
Please consider that as a new company in the Canadian market, in your first year of operation is likely that you won’t generate revenue.
Our ideal cases are technology companies with intellectual property. They should also have revenue in their home countries.
No, we receive startups from many regions other than Latin America.
Yes. Technology applies to many fields, including agricultural technology, biotechnology, and many others. We don’t work with creative industries unless the solution has AI or VR components.
Some companies may not wish the co-founders to move to Canada but may want to establish a second headquarters in Canada as a point of entry to North America. For those cases, we have different programs, please check in this link https://www.globalstartups.tech/programs
We have frequent webinars and info sessions. You can also find videos on our Youtube channel or visit the events page on our website (https://www.globalstartups.tech/events) You can also receive information through our newsletter.
