Canadian Minister Sean Fraser launched the Tech Talent Strategy at Collision 2023

Highlights: Canadian Minister Sean Fraser introduced the Tech Talent Strategy during Collision 2023

• The newly launched Tech Talent Strategy includes aggressive attraction measures to help Canadian businesses thrive in the competitive world.
• The Minister created an open work permit stream for the H-1B visa holders to apply for a work permit in Canada.
• IMP’s Innovation Stream and the Start-up Visa Program will be developed further by the end of this year.
• The fourteen-day service standard for work permits under the Global Skills Strategy will be resumed.
• A STEM-specific draw will be created to issue more invitations under Express Entry.

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Minister Fraser launches Tech Talent Strategy at Collision 2023

On June 27, 2023, Canada’s Minister of Immigration, Refugees, and Citizenship, Sean Fraser, launched the country’s first Tech Talent Strategy at Collision 2023.

The new strategy consists of many new measures and improvements to the existing ones to help the businesses in the country grow in this competitive environment.

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Announcement of aggressive attraction measures

Minister Fraser announced the following aggressive attraction measures:

• Canada created an open work permit stream for H-1B visa holders so that they can apply for a Canadian work permit. It will also provide options for study or work permit for the family of the visa holders. The measure will be available from July 16, 2023.
• The Innovation Stream under Canada IMP will be developed further to entice highly talented individuals by the end of this year. The options include the following:
  • The workers working for a Government of Canada-identified company contributing to the country’s industrial innovation goals will be issued up to five-year employer-specific work permits.
  • Highly skilled workers in a few in-demand occupations will also be issued and open work permits for up to five years.
• Under the Global Skills Strategy, the fourteen-day service standard for work permits will be resumed.
• Canada will be promoted as a digital nomad destination.
• Under the category-based selection, a STEM-specific draw will be created to issue more invitations under the Canada Express Entry program.
• Following improvements will be made to the Start-up Visa Program later this year:
  • Allocation of more spots has been done for 2023. The planned spot allocations for 2024 and 2025 have also been increased.
  • Applicants can now apply for a 3-year work permit.
  • Applicants can now apply for an open work permit.
  • The 3-year open work permit will now be available to all the members of the entrepreneurial team.
  • Applications with committed capital backed by angel investor groups, business incubators, and venture capital will be prioritized. Also, the applications backed by Canada’s Tech Network members who are business incubators will be prioritized.

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