Canada opens its doors to Hong Kong-based tech entrepreneurs through a new program offering them permanent Canadian residency with the goal of boosting the country’s tech sector. Through Launch Academy’s Maple Program, these immigrant tech entrepreneurs receive the networking, mentorship, resources, and business matchmaking to make their move to Canada a successful one.
The two phase program works hand-in-hand with entrepreneurs over a six to eight-month period to assist in their immigration Canada using the Start-up Visa Program, The first phase is entirely virtual and lasts only a month, with a series of virtual workshops and office hours to prepare startups for their move. The second phase takes place at Launch Academy itself, with approved companies receiving office space and additional resources to make their immigration and integration into Canada smooth.
Both the federal and provincial governments of Canada are increasing funding towards tech “superclusters” for AI and digital data, with VR, AR, blockchain, and cybersecurity serving as key areas of interest. Additionally, investor activity in the Canadian tech sector is on the rise, with Hyperwallet and Tio Networks acquired by PayPal for USD $400 million and $233 million respectively, and other big names like Microsoft, Amazon, and SAP maintaining significant presences in Vancouver.
“Canada is a legitimate global contender in technology and has designed policies to open its doors to the world’s best tech start-ups,” said Launch Academy’s CEO, Ray Walia. “Canada is a dynamic nation, home to a variety of diverse cultures, and arguably the best option for tech entrepreneurs looking to move into the North American market.”
