LatAm Startups, the Toronto-based startup accelerator that focuses on bringing international startups to Canada, today announced their official designation as a Startup Visa-approved organization by the federal government in Ottawa.
The Startup Visa program is designed to attract high-tech startups to Canada and make it easy for companies to put down roots, creating jobs and generating tax revenue in the process.
"We are tremendously excited to be able to offer qualifying, high-growth startups an easier path to permanent residence in Canada," CEO Miryam Lazarte says. "The Startup Visa program gives Canada the competitive edge it needs to attract startups looking for an alternative to Silicon Valley."
LatAm Startups is one of the few startup accelerators in the GTA that focuses exlusively in attracting the the best global startups to Canada, and helps them scale their businesses around the world.
As an official Startup Visa designated organization, LatAm Startups can now sponsor high-growth startups to immigrate to Canada. This will increase both quality and quantity of deal flow, and enable LatAm Startups to contribute even more to the Toronto-Waterloo startup ecosystem.
"Building a critical mass of high-tech startups in Toronto is critical for Canada to remain competitive in the 21st century," Lazarte says. "We are looking forward to welcoming the world's best at LatAm Startups."