The York Entrepreneurship Development Institute (YEDI) is now an officially designated Venture Capital fund by the Government of Canada under its Start Up Visa Immigration Program. YEDI has been a designated Incubator since 2017 and has supported an array of international entrepreneurs thus far. This important milestone will enable YEDI to support growth-oriented international ventures who look to Canada as a new home for both themselves and their organizations.
Securing funding is a critical step on the path to success for most start-ups. Often, investors are looking to invest in companies who have achieved certain milestones – a potential challenge for many early stage ventures and especially for those abroad. This is precisely why the YEDI VC Fund was created. YEDI collaborates with private investors, angel investor groups and VCs to help client ventures obtain the needed investment.
YEDI aims to use this Start-Up Visa VC designation to help innovative start-ups from around the world become established in Canada and realize the full potential of their ventures. Hopeful applicants may apply to YEDI for an opportunity to obtain a Letter of Support and begin their Start-Up Visa application process. As a designated Venture Capital fund, YEDI will support selected candidates through a minimum investment of $200,000 in addition to education, mentorship and network support.
As of January, 2019, YEDI became a member of the Canadian Venture Capital Association as a general partner – an opportunity that provides YEDI with access to additional capital and funding resources.
To learn more about the Start-Up Visa immigration program, please visit http://www.cic.gc.ca/english/immigrate/business/start-up/