Ottawa sweetens immigration pitch to foreign
entrepreneurs with promise of mentorship

Foreign entrepreneurs have a new reason to set up shop in Canada: the promise of mentorship.

Ottawa announced on Monday plans to bolster its existing startup visa program to include a new stream that connects prospective immigrant entrepreneurs with Canadian business incubators.

Business incubators provide guidance to young business owners on everything from how to attract investors to advice on how to grow your startup into a fully fledged business.

The federal government already offers immigrants visa streams aimed at helping steer them into funding partnerships with venture capital firms and angel investors.

The new initiative, which is open to applications starting October 26, is aimed at attracting early-stage and high-growth businesses that could help generate new jobs in Canada.