Looking to launch your business and start a new life in Ontario? The Ontario Startup Visa, officially the Federal Startup Visa program, offers an exciting pathway for entrepreneurs to immigrate, innovate, and grow in one of the country’s most dynamic provinces.

With its thriving startup ecosystem, access to global markets, and strong government support, Ontario provides the perfect environment for visionary founders ready to turn their ideas into successful ventures. In this guide, discover how the Ontario Startup Visa can open doors to opportunity and Set you on the path to entrepreneurial success.

What is the Ontario Startup Visa?

The Ontario Startup Visa is not an official program, but it is mentioned within the context of the federal Start-up Visa Program. The Start-up Visa Program offers entrepreneurs a pathway to immigrate permanently to Canada to launch a new business. To qualify, immigrant entrepreneurs must show that their idea is innovative, has the potential to create jobs for Canadians, and can compete internationally.

Key Features of the Ontario Startup Visa

Permanent Residency

Qualified applicants can apply for Canadian permanent residency, enabling them to bring their families to Ontario.

Eligibility Requirements

  1. Innovative Business Idea: The business idea for the Start-up Visa must be innovative and have the potential for global scalability.
  2. Qualified Business Ownership: To qualify, each applicant must own at least 10% of voting rights and, together with a designated organization, hold over 50%.
  3. Support from Designated Organizations: To apply for a Start-up Visa, applicants must obtain a letter of support from at least one designated organization (venture capital funds, angel investor groups, or business incubators).
  4. Language Proficiency: Canadian Language Benchmark (CLB) level 5 or higher in English or French.
  5. Proof of Settlement Funds: Applicants must show that they have sufficient funds to support themselves and any dependents upon arriving in Canada. The required amount varies based on family size.
  6. Health and Security Clearance: Applicants and their family members must complete medical exams and may need to provide police certificates.

Read all about Canada Startup Visa Eligibility Requirements.

Eligibility and benefits of Ontario Startup Visa for international founders.

Focus on Innovation

Immigration, Refugees and Citizenship Canada (IRCC) prioritizes applications supported by one of the Venture capital funds, Angel investor groups, Business incubators with committed capital, or designated organizations within Canada’s Tech Network.

The Ontario Centre of Innovation (OCI) accepts applications for its Collaborate to Commercialize program, targeting life sciences and human health projects.

Success Stories of Startups in Ontario

  1. Shopify: Founded in Ottawa in 2006, Shopify transformed e-commerce and now supports over 1 million businesses worldwide. Early investments and local mentorship helped fuel its growth.
  2. Wealthsimple: Launched in Toronto in 2014, Wealthsimple revolutionized wealth management by making investing accessible to all. It manages over $10 billion in assets, backed by major investors and Toronto’s FinTech community.
  3. Clearco: Founded in 2015, Clearco offers revenue-based financing to startups without equity dilution. Early support from Ontario venture capital helped it scale globally.
  4. Ecobee: Since 2007, Ecobee has led the smart thermostat market with over $200 million raised and strong local backing from investors and government partnerships.
  5. Top Hat: Established in 2009, Top Hat innovated education technology, serving thousands globally and securing significant venture capital through Ontario’s networks.
  6. Vidyard: Based in Kitchener-Waterloo, Vidyard provides video marketing solutions worldwide, supported by local angel investors and startup communities.
How to launch a startup in Ontario through the Startup Visa program.

Benefits of the Start-up Visa Ontario Pathway

1. Thriving Entrepreneurial Ecosystem

Ontario boasts a dynamic startup ecosystem, particularly in cities like Toronto and Kitchener-Waterloo. These hubs are home to numerous designated organizations—including venture capital funds, angel investor groups, and business incubators—that actively support immigrant entrepreneurs.

2. Access to Global Markets

Ontario’s strategic location provides entrepreneurs with access to both Canadian and international markets. The province’s strong trade relationships and proximity to the U.S. make it an ideal base for businesses aiming to expand globally.

3. High Quality of Life

Ontario offers a high standard of living, with excellent healthcare, education, and infrastructure. The province’s diverse and inclusive communities ensure that newcomers and their families can integrate smoothly and enjoy a fulfilling life.

4. Proven Success Stories

Ontario has been the birthplace of several successful startups that began under the SUV Program. Companies like Shopify, Wealthsimple, and Clearco have thrived in Ontario’s supportive environment, demonstrating the province’s potential for nurturing successful businesses.

Please read our article about Canada Startup Visa Benefits to learn all about it.

How to Get Started The Ontario Startup Visa Program

  1. Develop a Business Idea: Create an innovative and scalable business plan aligned with Ontario’s startup ecosystem.
  2. Get Support from a Designated Organization: Secure a letter of support from an Ontario-based designated venture capital fund, angel investor group, or business incubator.
  3. Apply for Permanent Residency: Submit your application to Immigration, Refugees and Citizenship Canada (IRCC), indicating Ontario as your intended place of settlement.
  4. Complete Medical Exams and Security Checks: After applying, you and your family must undergo medical exams and provide police certificates to meet Canada’s health and security standards.
  5. Prepare to Settle in Ontario: Once approved, establish your business and start your new life in Ontario’s vibrant entrepreneurial environment, benefiting from local resources and support.

Your Future in Ontario Awaits

The Ontario Startup Visa, formally the Federal Startup Visa program, offers more than just a path to Canadian permanent residency; it’s a gateway to launching your business in one of North America’s top innovation hubs.

If you want to get Canada permanent residency under the Start-Up Visa, take the first step today to find your eligibility through a free CanadaPass assessment form. Our experts provide specific and useful services and consultations to help you achieve a successful immigration journey to Canada.