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More than half of America's billion-dollar startup companies trace their roots to immigrant entrepreneurs, and a new study finds that immigrants based in the US are more likely to relocate to Canada to start a business than immigrants based in the US.
Since 2013, Canada has offered permanent residency to eligible immigrants and their families, with the stated goal of attracting individuals who will found innovative companies that will create jobs and compete globally, per a press release.
Since the introduction of Canada's Start-up Visa Program in 2018, immigrants based in the US have been more likely to relocate to Canada to start a business.
Since the introduction of Canada's Start-up Visa Program in 2018, immigrants based in the US have been more likely to relocate to Canada to start a business.
The study examined a sample of 1,190,798 college-educated immigrants who lived in either the US or Canada between 2006 and 2021.
Researchers found that Canada's Start-up Visa Program increased the likelihood of US-based immigrants starting a company in Canada by 0.048 percentage points, from a baseline of 0.069 percent.
This effect has persisted and grown in a decade since the program's introduction.
Asian immigrants are more likely to move to Canada and start a business because they face longer survival rates than natives there
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Social Entrepreneurship
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Social Entrepreneurship: The Right Balance of Doing Good and Doing Well
Social entrepreneur and co-founder of nonprofit Jolkona, Adnan Mahmud, discusses his definition of a successful social entrepreneur. He describes the social entrepreneur as someone who has found the right balance between doing good while doing well.