Yes. There is no financial investment required from the applying entrepreneuer. However:
"The basic requirements will be intermediate proficiency in English or French and at least one year of post-secondary education. Beyond that, he said, it will depend on which organization is recommending the applicant.
They could be accepted into a designated incubator program, receive a funding commitment of at least $75,000 from a designated angel network, or a funding commitment of at least $200,000 from a designated venture capital fund.
Venture capital funds will automatically qualify to back startup visa entrepreneurs if they’re managing $40-million or more in assets. Those managing less than that would be subject to a peer review process “to ensure they’re credible,” Mr. Kenney said.
For angel networks, a peer review panel of NACO members will review the applicants, he said."
