CIC Extends Intake Period for the Immigrant Investor Venture Capital (IIVC) Pilot Program

The Immigrant Investor Venture Capital (IIVC) Pilot Program has reopened. CIC will accept applications until April 15, 2015, or until a maximum of 500 applications are received.

The program will offer permanent residency to approximately 60 applicants. However, following a review of the pilot program, the number of applications accepted could be expanded.

To qualify for the IIVC you must have a net worth of at least $10,000,000 CAD and make a $2,000,000 CAD non-guaranteed investment for 15 years into the IIVC fund. The fund will be used by the Business Development Bank of Canada to invest in Canadian start-ups.

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