The Immigrant Investor Venture Capital (IIVC) Pilot Program has reopened. CIC will accept applications from February 13 to April 15, 2015, or until a maximum of 500 applications are received.
Approximately 60 applications will be randomly selected and approved for the IIVC Fund.The Immigrant Investor Venture Capital (IIVC) Pilot Program has reopened. CIC will accept applications from February 13 to April 15, 2015, or until a maximum of 500 applications are received.
Approximately 60 applications will be randomly selected and approved for the IIVC Fund.
You must have a personal net worth of CDN $10 million or more. Your net worth must have been acquired through lawful, private sector business or investment activities.
Once CIC has deemed the applications complete, CIC will require selected applicants to obtain a due diligence report at their expense from one of the following designated service providers:
The due diligence report is an independent examination and validation of your past business or investment experience, source of funds and personal net worth.
The report will include the service provider’s opinion as to whether your wealth was acquired through lawful, private sector business or investment activities. Their report would also flag any potentially negative information for a CIC officer to consider.
You must be willing and able to make an at-risk investment of CDN $2 million in the Immigrant Investor Venture Capital (IIVC) Fund.
If you are one of the immigrant investors selected under this program, you will be required to enter into an agreement with CIC committing a sum of CDN $2 million to the IIVC Fund for approximately 15 years. The investment would be at-risk, meaning there would be no guarantee of a return and the possibility that you could lose some or all of your investment. You could also receive proceeds from the IIVC Fund, based on the performance of the investments of the fund.
Find out more about how investments to the Immigrant Investor Venture Capital Fund will be managed.
You must:
You must have:
The outcome stated in your ECA report must match one of the acceptable assessment outcomes for you to be eligible to apply.
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