on November 8, Ontario announced a new update on the Entrepreneur Pilot. As per the new OINP update, Pilot has now been launched as OINP Entrepreneur Success Initiative (OINP-ESI). Furthermore, this pilot is being managed by the Toronto Business Development Centre (TBDC).
It is a two-year pilot initiative supported by Ontario’s Ministry of Labour, Immigration, Training and Skills Development. The project will assist 100 immigrant entrepreneurs in establishing and growing enterprises in areas outside the Greater Toronto Area.
The Entrepreneur Success Initiative is for business owners who want to immigrate to Canada by establishing a new business or purchasing and expanding an existing one outside the Greater Toronto Area (GTA).
Overview of OINP (Ontario PNP) Entrepreneur Success Initiative
The Ontario Immigrant Nominee Program (OINP) enables foreign workers, international students, and other individuals with the required qualifications in terms of education, experience, and skills to apply for nomination for permanent residence in Ontario.
The OINP’s Entrepreneur Stream is for entrepreneurs from outside Canada who want to start a new business in Ontario or buy and expand an existing one.
While the OINP Entrepreneur Success Initiative (OINP-ESI) will help aspiring immigrant entrepreneurs develop and submit Entrepreneur Stream applications. The initiative’s objective is to draw and support 100 fresh applicants.
Moreover, the OINP Entrepreneur Success Initiative OINP-ESI will be administered for two years by the Toronto Business Development Centre (TBDC).
How will Toronto Business Development Centre (TBDC) help?
The TBDC administers the OINP Entrepreneur Success Initiative and offers personalized services to assist entrepreneurs in identifying business opportunities in Ontario and applying to the Ontario Immigrant Nominee Program (OINP) Entrepreneur Stream.
The OINP Entrepreneur Success Initiative is a program supported by Ontario’s Ministry of Labour, Immigration, Training, and Skills Development. It aims to assist immigrant entrepreneurs in achieving their dream of establishing a firm in Ontario and coming to Canada.
The TBDC offers the following assistance to qualifying entrepreneurs through the Entrepreneur Success Initiative:
- Assist in locating business opportunities in Ontario matching interests and qualifications (for example, opportunities to create a new business or purchase an existing one).
- Help with the application process for the OINP Entrepreneur Stream, including facilitating access to free legal services to assist with the process.
About Ontario PNP Entrepreneur Success Initiative
The OINP Entrepreneur Success Initiative, or OINP-ESI, will offer the following services:
- Identify opportunities for business creation and expansion in communities outside of the Greater Toronto Area (GTA)
- Market the Entrepreneur Stream and business prospects globally to increase awareness among entrepreneurs.
- Support qualified entrepreneurs who wish to start a new business or buy and grow an existing one in communities outside of the GTA
- Connect qualified entrepreneurs with business opportunities and communities based on their business, personal interests, and professional experience
- Assist qualified entrepreneurs in creating and submitting high-quality expressions of interest (EOI) to the Entrepreneur Stream
The OINP will process applications in the order that they are received.
Communities part of the Greater Toronto Area (GTA)
The Entrepreneur Success Initiative is for entrepreneurs who want to start a new business or buy an existing one in a community outside of the Greater Toronto Area. The Greater Toronto Area (GTA) includes the following communities:
- City of Toronto
- Durham Region
- Halton Region
- York Region
- Peel Region
Who qualifies for the OINP Entrepreneur Success Initiative?
Interested candidates must meet the eligibility criteria of the Entrepreneur Stream. Then, if you meet the eligibility criteria, fill out the contact form, and a TBDC Advisor will contact you.
