Ryerson says the startup visa program offers a new channel for the university to recruit top talent from around the world.
“We select incubators with the capacity to assist newly-arrived entrepreneurs by connecting them with an established and supportive ecosystem,” said Gail Gillian-Bain, President of the Canadian Association of Business Incubation and Acceleration. “Ryerson Futures offers entrepreneurs all the tools needed for success, with the unparalleled network needed to accelerate great companies.”
Those who are granted a startup visa through Ryerson Futures “can benefit from a supportive ecosystem with access to seed funding, co-working space and advanced acceleration support from Ryerson Futures.”
“Entrepreneurship isn’t a trend, it’s key to the future of economic prosperity in Canada,” said Alan Lysne, Managing Director, Ryerson Futures. “The DMZ is helping strengthen that future by fuelling the success of emerging entrepreneurial leaders from across the globe.”
There has been controversy surrounding the program though: 21 months into Canada’s highly touted Startup Visa program, a paltry five visas have been awarded.
It was heralded as a five-year pilot program with a “limited” number of applicants—but that limit has not come even close to being reached.