The Canadian Advantage For Startups Looking to Scale Globally
The decision for a founder to move their business away from their home country can be daunting, especially for older entrepreneurs who have added responsibilities like family, a mortgage and their children’s education.
What do Bill Gates, Mark Zuckerberg, Elon Musk, Larry Page & Sergey Brin have in common? They all achieved massive success before turning 30. That begs the question, do entrepreneurs need to start early to achieve this type of noteworthy success? According to research performed from Kellogg School of Management, a person who is 40 is twice as likely to have a successful startup as a person who is 25.
Starting a company at any age can be a stressful endeavour. Removing the age factor, many international founders can also have unfavourable socio-economic backgrounds, limiting their ability to succeed on a global level. Challenges faced by such entrepreneurs can include a lack of infrastructure, funding opportunities, and government support, which can cause them to look for opportunities in other countries.
The decision for a founder to move their business away from their home country can be daunting, especially for older entrepreneurs who have added responsibilities like family, a mortgage, and their children’s education.
The most sought-after destination for international entrepreneurs entering the North American market has always been the USA but the silicon valley dream can be cut short due to international companies’ barriers to entering the American market. However, unlike the US and many other countries, the Canadian Start-up Visa Program has evolved over the years to provide international entrepreneurs exactly what they are looking for.
Canada’s Start-up Visa Program