Startup Source
has covered the potential impact of Trump's presidency on
Canada's startup space. A Toronto-based investment fund and
accelerator, Extreme Venture Partners (EVP), is Canada's latest
to vie for global talent. In an active response to Trump's
travel and immigration policy, EVP announced its third venture capital fund. Extreme Accelerator is a new accelerator
program targeting immigrant entrepreneurs. EVP and Extreme
Accelerator will work with Canada's Startup Visa Program to vet potential
candidates and to streamline their movement into Canada.
EVP expects to fund 10 international startups per year for three
years, with an initial investment of $50,000 to $100,000. If an
international startup is accepted, Extreme Accelerator will assist
in immigrating up to five members of the startup, along with their
families, to Canada, providing them with the opportunity for
permanent residency. This new fund also intends to invest in 20
promising local startups.
