Canada considers immigrant stream for entrepreneurs

Canada islooking at opening a special immigration stream for entrepreneurs with good startup ideas, Citizenship and Immigration Minister Jason Kenney said today.

Kenney has launched consultations with industry associations about the possible program and ways to link immigrant entrepreneurs with private-sector groups.

If it goes ahead, the program would run for five years and be limited to 2,750 applications a year. If that tryout is successful, Citizenship and Immigration Canada could introduce it formally through regulatory changes.

"We need to proactively target a new type of immigrant entrepreneur who has the potential to build innovative companies that can compete on a global scale and create jobs for Canadians," Kenney said in a news release.

The government is looking at a number of small, short-term programs to attract entrepreneurs.

Last week, Kenney announced consultations on changing theimmigrant investor program, which requiresa five-yearinvestment of $800,000.

This week, he said the government is cuttingin half from 24 to 12months the required Canadian work experience neededfor foreign workers to apply for citizenship.