Canada unveiled an investor pilot program on 28th January called the Immigrant Investor Venture Capital designed to induce millionaires to bring their money, create businesses and jobs for Canadians. To be eligible, an immigrant investor will have to prove his net worth to be atleast $10 million and be prepared to make a non-guaranteed investment of $2 million over 15 years. This investment will be in a fund managed principally by BDC Capital, the investment arm of the Business Development Bank of Canada. The government will accept no more than 500 applications of which 60 will be given permanent resident visas.
