Most designated entities prefer tech based companies. However, the legal requirement is that the company must be innovative. Therefore, the challenge is more to find an interested incubator/VC who would like non tech companies.
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What type of businesses qualify when entrepreneurs apply for Canada's start-up visa?
Is it true that entrepreneurs who propose tech-based scalable businesses are preferred? What non-tech-based businesses have a better chance of approvals?
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The start-up program, as set out by the Canadian government, targets innovative start-ups. The company in question needn’t necessarily be "tech-based", but such companies tend to be innovative at their core, thus often fulfilling this criteria. It is important to note that the idea/company in question must be supported by a designated organization (VC, incubator or angel investor), so it is important to sift through the specific requirements of these firms in order to understand what kind of projects they are looking to back. Going through the list (which is on the IRCC website), you will notice that most of the organizations target technology start-ups. With regards to the questions of whether scalable businesses are preferred, the program looks to target companies that can "compete on a global scale". As such, a tech-based, scalable business would have a much better chance to fit into the requirements of this program. Note also that many designated organizations use "scalability" as a method to appreciate the idea or project.
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