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.
