For foreign educated graduates from outside Canada who wish to obtain permanent residence by launching start-up enterprises and innovative businesses in Alberta.
The eligibility for Foreign Graduate Entrepreneur Stream:
- Work Experience
- Have a minimum 6 months of experience as business owner as a manager.
- Education (within last 10 years)
- Completion of College or University degree from education institutions outside Canada and must be equivalent to a Canadian degree
- Business Plan
- Must provide a business plan with financial projections included
- Pitch Deck
- Create a 10 minuets slideshow presentation that showcases the business and promotes it to investors
- Language
- A minimum of CLB level 5 in each reading, writing, listening and speaking
- Business Ownership
- Have a minimum of 34% ownership of the business. It increases to a minimum 51% for business located outside Edmonton or Calgary.
- Their business partner must be Canadian citizens or permanent residents
- Business Investment
- The minimum investment required is $100,000 for an urban centre
- the minimum investment decreases to $50,000 if the business is located outside Edmonton or Calgary.
- Higher amounts of investments results in additional points earned
- Letter of Recommendation
- Obtain a letter of recommendation from a designated agency approved by AAIP.
- Settlement funds
- Must demonstrate that they have enough funds for business and supporting themselves and their families, the minimum amounts are shown in the picture below.
