If you are an entrepreneur with a potentially awesome startup, it’s time to consider Canada. We will give you cash (literally), connections, and the guidance to help you scale and help you immigrate to the Canadian city of your choice.
By Ray Sharma, CEO of Extreme Venture Partners
Canada and Extreme Venture Partners would like to send a broadcast message to all international startup entrepreneurs (including from our southern neighbour, the United States): We are launching a new fund focused on bringing exceptional startups from across the world to Canada. You bring your tech startup — including up to five members of your team and your families — to grow, flourish, and help us build the Canadian startup ecosystem. In return, we will invest in your company and provide not only cash, but also exceptional support from mentors and the government, and permanent residency. Without the distractions and hassles of visa issues, so that you can focus on building an incredible company.
We will help you with winning.
A little background:
The Start-up Visa program in Canada was the first of its kind in the world.
The government of Canada took a bold step in the evolution of its immigration policy by replacing its fast-track immigration program, traditionally for the wealthy, in favour of one designed to welcome startups and their founders.
This is why we are excited to announce EVP Fund III, the next evolution in our innovation model. Just like the previous two venture funds, our new fund is more than just venture capital. Along with our third fund, we put together a new accelerator program called Extreme Accelerator.
Extreme Accelerator is Canada’s first immigration-focused start-up program. As a designated organization under the government’s start-up-visa program, we seek out the best founders and early-stage companies from around the world, and bring them to Canada to break into the North American market.
In the past decade Extreme Venture Partners has invested in and helped guide startups that were eventually acquired by Google, Apple, Electronic Arts, Salesforce and others, providing thousands of jobs and stoking the economic engine in several countries.
Our program will seed Canada with individuals who have entrepreneurial energy and teams that will help build our nation.
There has been news about US citizens — even celebrities — emigrating to Canada. Our focus is on entrepreneurs and we will provide investment funds as well as help with the immigration if you qualify.
Sound too good to be true? Well, it’s actually true. Our fund will begin with 30 high-growth startups. We already have companies joining us from around the world.
In fact, inbound inquiries to our program tripled after the US election. But this isn’t really about politics. It’s about diversity. At EVP, we believe that great talent can look like anyone and come from anywhere. But even more important? The different perspectives that come with diversity have an outsize impact on creativity, innovation and entrepreneurship.
We have built a startup ecosystem — and quite a track record in follow-on investments and exits —based on this thesis that diversity results in serendipity. Call it accidental innovation. A bolt of lightning. If a team has roughly the same age, background, religion, race, or sexual orientation, it naturally leads to groupthink. Instead, diversity brings together the different perspectives and ways of solving problems that sow the fertile ground from which world-changing ideas and technologies grow.
Immigrants and entrepreneurs share a common willingness to take risks, seek opportunities, and work hard to create a better legacy. It is not yet clear if immigrants are natural entrepreneurs but it is apparent already that entrepreneurs make for good immigrants.
The US and Canada enjoy the greatest trading relationship in the World. Our economies are so well integrated that we serve as a model for all other unions. But our policies and cultural views on diversity are heading in different directions.
If this were baseball, I’d say that the US is making an unforced error. Immigration helped make the US an economic, intellectual and cultural force. But, just as in baseball, we are happy to capitalize on that error — not just figuratively but literally, with cash.
We will help you win on our team.