India is the top source for immigrants in Canada, which is offering a raft of incentives for budding and established entrepreneurs from the Asian giant
Vikram Khurana, a Canadian entrepreneur and chair of the Toronto Business Development Centre (TBDC), who is in India for the G20 meetings, said TBDC had recently launched a new initiative that promotes entrepreneurship, innovation and economic growth in both India and Canada. India is the top source for immigrants in Canada, which is offering a raft of incentives for budding and established entrepreneurs from the Asian giant, reported Moneycontrol.
TBDC is a leading business incubator that has been internationally recognised for its efforts in nurturing the growth of new and emerging businesses in the Greater Toronto Area.
“TBDC focuses specifically on India. We run an awareness and attraction campaign in India with the goal of creating a mutually beneficial relationship between Indian entrepreneurs and the Canadian economy.”
— Vikram Khurana, Canadian entrepreneur
Khurana said that the TBDC initiative aids potential immigrant entrepreneurs in identifying business opportunities within the province of Ontario, and provides experienced entrepreneurs with a pathway to permanent residence in Canada by either starting a new business or acquiring an existing one.
TBDC plans to facilitate the arrival of 100 entrepreneurs from India who are willing to invest $200,000 or more in either buying or establishing a business within Ontario. TBDC is a not-for-profit organisation established by the Department of Economic Development and other departments to aid in the understanding and improvement of entrepreneurship, mitigate risks and create awareness and attraction for those who wish to pursue entrepreneurship. Our objective was to introduce the concept of entrepreneurship to students and the general public, including those who are differently-abled or who were looking to start a business.
TBDC’s core mandate was born out of the Canadian government’s creation of the Start-Up Visa Program in 2013, the first programme of its kind in the world. The programme aimed to attract immigrant children, also known as “dreamers”, who were brought to the US from Mexico or Central America as refugees. The objective was to bring these individuals, many of whom were founding enterprises such as Google, Microsoft and Facebook, to Canada to help them succeed by providing capital and resources. Initially, the programme was launched in 2013 with a limit of 500 entrepreneurs, but in 2019 it was made permanent and has since expanded to encompass entrepreneurs from all over the world.
“TBDC focuses specifically on India. We run an awareness and attraction campaign in India with the goal of creating a mutually beneficial relationship between Indian entrepreneurs and the Canadian economy.”
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