The Immigrant Investor Venture Capital (IIVC) Pilot Program accepts applications from international investors who possess the necessary skills and abilities to contribute to the Canadian economy and to become well integrated into Canadian society.

This program is currently reopened and is accepting applications from May 25 to December 30, 2015. The first 60 complete applications will be processed, with an additional 60 being placed on a waiting list. If 60 applications are processed and the additional 60 are placed on the waiting list prior to December 30, the program will close early.

Minimum Requirements

In order to be eligible for the IIVC Pilot Program, applicants must:

• have a personal net worth of at least CDN $10 million;
• be prepared to make a non-guaranteed investment in the IIVC Fund in the amount of CDN $2 million;
• demonstrate sufficient language proficiency (CLB 5) in either English or French in all four language abilities (reading, writing, speaking, and listening) by providing results from a language competency test taken in the past two years at an approved testing agency;
  • English:
    • International English Language Test System (IELTS)
    • Canadian English Language Proficiency Index Program (CELPIP) – available in Canada only
  • French:
    • Test d’Évaluation de Français (TEF)
  • have a Canadian post-secondary degree, diploma, or certificate of at least one year; or
  • have a foreign equivalent as validated by an Educational Credential Assessment (ECA) report from a designated organization.
    • If the applicant has a personal net worth of CDN $50 million or more, he or she can request an exemption from the education requirement