Being recognized as a nation of innovators, Canadian companies keep changing the world of technologies, from the invention and development of the telephone, the pacemaker, space shuttle’s robotic arm in the past to a global innovation leader at present.
Innovations are spanning across industries including fin-tech, e-commerce, med-tech and more. Annually, one of Canada’s leading innovation and tech conferences, CIX (Canadian Innovation Exchange) releases a list of the topmost innovative technology companies in Canada.
According to the most recent survey of Arcus Innovative Institute, the 50 most innovative companies in Canada in 2019 are 360incentives, Achievers, Atomic Reach, Arcestra, Axonify, Bionym Inc., bitHeads Inc., Breather, Busbud, ClearRisk, CogniVue Corporation, eSentire, Evoco Inc., Fabric Software, Hubba, Infosystems, Launchpad, Massive Damage, Nexalogy Environics, NexJ Systems, Open Care, Plotly, Procurify, Polar Mobile, QuickMobile, Recoset, Rithm, ResponseTek Networks, Seamless Mobile Health, Shoplogix, Smart Skin Technologies, SqueezeCMM, TribeHR, True Voice Technologies, Upverter, Vanilla Forums, Wattpad, Wave Accounting, Woozworld Inc.
Hiring Global Talents
It’s people, human capital, and teams who are driving economic growth through innovation. By hiring global talents, firms can build on their strengths, turn ideas into actions, increase global presence and attract investors. At the same time, a shortage of certain skill sets in the labor market of Canada could hinder the innovation and growth of companies. Canadian policymakers appreciate that reality, and therefore, adopted Global Skills Strategy and immigration programs that facilitate bringing the best and brightest people from around the world to Canada.
How Can "Global Skills Strategy" Help Canadian Innovative Companies to Succeed?
In the past, potential investors in Canadian companies were discouraged by slow and unpredictable immigration processes, as that created business uncertainty and risks. It is no longer the case.
Canadian innovative firms willing to recruit highly trained foreign workers with in-demand skills can benefit from:
- Faster processing of work permits - within two (2) weeks.
- Removal of a work permit requirement for people coming to Canada to work for 30 days or less.
- A dedicated service-delivery channel for global companies that make significant, job-creating investments in Canada.
- A dedicated service delivery for high-growth companies to access global talent through the Temporary Foreign Worker Program.
More specifically, innovative and start-up companies have options to bring foreign talents to Canada under:
- The Global Talent Stream. Canadian companies can hire for in-demand highly-skilled positions that are listed on the Global Talent Occupations List or unique and specialized foreign nationals if Canadian designated referral partners validate such a firm.
- Canada International Trade Agreements. Business visitors, investors, professionals, traders, contractual service suppliers, and intra-corporate (company) transferees (ICT) can come under the GATS, CUSMA (formerly NAFTA), CETA, and other trade agreements.
- Federal Start-up Visa Program. Up to five (5) owners of a single business with an innovative business idea and ability to get a letter of support from a Canadian venture capital fund, angel investor group or business incubator can apply for a start-up visa.
At Lerom, we help innovative companies and start-ups to bring global talents to Canada and scale-up. Looking to recruit a foreign national or apply for a start-up visa, contact us today @ +1-647-493-5205 or info@leromlaw.com. We will advise you of the best solution given the current stage of your business and the potential to grow.