An applicant must meet the following requirements in order to enroll in the program:
Have a personal net worth of at least C $ 600,000.
Possess management experience in one of the following ways:
1. More than three years as an active owner-manager of a company.
2. More than four years as a senior manager.
3. A combination of at least one year as an active owner-manager of a business and at least two years as a senior manager.
4. Minimum of two years of postsecondary education, or have been an active owner-manager of a 100% -owned business for at least three of the past five years.
Show that an eligible personal investment of at least $ 200,000 CAD will be made in the proposed business.
Show that the proposed business will create at least one new full-time equivalent permanent job for a Canadian citizen or permanent resident.
A short business concept that will be awarded points based on proposed business viability, transferability of the applicant’s skills, and financial benefits.
If a key staff member is included (who does not have company ownership or an equity interest of less than 10%), the eligible personal investment is set to a minimum of $ 400,000 CAD and a total of three must be made. new full-time equivalent jobs.