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Posted in: Incubators/Accelerators | Funding

Jul 10, 2017

Local Startup Program Attracts Global Talent

By Lynn Tay

Startup Source has covered the potential impact of Trump’s presidency on Canada’s startup space. A Toronto-based investment fund and accelerator, Extreme Venture Partners (EVP), is Canada’s latest to vie for global talent. In an active response to Trump’s travel and immigration policy, EVP announced its third venture capital fund. Extreme Accelerator is a new accelerator program targeting immigrant entrepreneurs. EVP and Extreme Accelerator will work with Canada’s Startup Visa Program to vet potential candidates and to streamline their movement into Canada.

EVP expects to fund 10 international startups per year for three years, with an initial investment of $50,000 to $100,000. If an international startup is accepted, Extreme Accelerator will assist in immigrating up to five members of the startup, along with their families, to Canada, providing them with the opportunity for permanent residency. This new fund also intends to invest in 20 promising local startups. Along with the initial investment, startups will have access to mentorship, resources, connections and the potential for future funding.   

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