Canada Startup Visa – What is a Designated Organization?

Canada Startup Visa – What is a Designated Organization?

To formally apply for the Canadian Start-up Visa Program, applicant entrepreneurs need to gain the support of a “Designated Organization” in order to come to Canada to launch grow their innovative business idea. These Designated Organizations review the applicant’s business proposal and ensure it fits the Startup Visa Program. Entrepreneurs whose proposals are selected to move forward then receive a Letter of Support from the organization for their Visa. It is a very straightforward process and program.

So what exactly is a Designated Organization? The Government of Canada’s Immigration website outlines exactly what this means:  “Designated Organizations are business groups that are approved to invest in or support possible start-ups through the Start-up Visa Program. Organizations choose which business proposals to review. Each organization has its own intake process for proposals and criteria used to assess them. If an organization chooses to support your business idea, it’ll give you a Letter of Support.”

 There are three types of Designated Organizations that can support your Canada Startup Visa Application.

  • Business Incubators: That’s us! These are organizations that help new business ventures by providing support services like startup consulting, shared office space, product development assistance, grant finding services, and more.
  • Venture Capital Funds:  Are set up by firms of professional investors, where the money is sourced through various external sources. In order to work with a Venture Fund for the Canadian Startup Visa, they must agree to invest over $200,000 CAD into your startup.
  • Angel Investors: Are individuals who contribute their personal finances, advice and business experience towards the initial growth of a small enterprise.

It’s important to note that when you are choosing your Designated Organization that you choose one that suits your business and lifestyle. For example, many business incubators operate on a cohort basis, or will insist that you live in a given area in order to participate in their program. Our incubator will allow a founder to start immediately and live anywhere in Canada – So if a founder is looking for flexibility in location – they should look at an incubator like Empowered that allows for this.

It’s also often advantageous to deal with an incubator that specializes in Startup Visa Programs. Many business incubators follow the jack of all trades model – meaning they are not as well equipped to handle the needs of international founders. It’s important to find a program that is agile and creative,  has a well connected team,  has a team well versed in working with transnational founders, and a team that also is well versed with the ins and outs of the Startup Visa Program.

To apply for the Empowered Startups Canada Startup Visa Program, please visit our website.

LEX IT Launches a Chatbot to Make Client Communication More Efficient for Law Firms

LEX IT Launches a Chatbot to Make Client Communication More Efficient for Law Firms

LEX IT Launches a Chatbot to Make Client Communication More Efficient for Law Firms

Legal services should be accessible and efficient, yet it’s easy for costs to pile up for clients and for lawyers to work extended hours while still struggling to meet deadlines. These are the problems that LEX IT set out to solve.

With the help of technology, LEX IT will automate the collection and provision of information to clients with a chatbot created specifically for law firms. The benefit to clients is a quicker response time and only paying for the higher value work of their lawyer. For law firms, they’re able to build strong client relationships while operating more efficiently. Leveraging this technology, they can serve their clients 24/7. LEX IT recently launched their first AI Communicator, which they’ve named Bob.

LEX IT’s founder, Nanette Kwong, was inspired to start the company after experiencing the challenges firsthand during her 20+ years of experience as a litigation lawyer in Hong Kong and London. Now, she uses her expertise to support law firms by customizing the AI communicator to their needs, with tasks ranging from communication with prospective clients, to scheduling appointments, gathering client information and more. 

 “The traditional way of practicing law is no longer sustainable. Lawyers need to free themselves from repetitive tasks that can be automated and focus their energy on delivering legal service in a fast and cost-effective way,” says Kwong.

About Lex IT
Lex IT Limited is a startup based in Vancouver providing a bespoke service tailoring AI chatbots for law firms. The founder, Nanette Kwong, has over 20 years of experience as a litigation lawyer in Hong Kong and London. As a former partner in an international law firm, she understands the challenges lawyers face in their legal practice and is well poised to help law firms harness technology.

Contact:
420 – 744 W Hastings St, Vancouver BC
Nanette Kwong, Founder and CEO
[email protected]
Website
LinkedIn
Facebook

About Empowered Startups
Empowered Startups is an Innovative Startup Incubator and foundry headquartered in Vancouver, British Columbia, Canada. With offices in Canada, France, and Portugal, we train/mentor/ and network entrepreneurs to successfully launch new businesses in diverse markets. As a foundry we also conceive, build and launch our own products and solutions. Empowered Startups is recognized by the Canadian Government as a designated start-up business incubator and is known internationally for growing ideas into sustainable businesses using both a virtual and on-site model. Our training tools and mentorship are used and recognized by leading global university labs, Startup incubators, and innovation hubs. Apply for our programs online at empoweredstartups.com

Photo by Ekaterina Bolovtsova from Pexels.

IoT For Banking Collaborates with Western University to Uncover Opportunities for Innovation in Digital Banking in Canada

IoT For Banking Collaborates with Western University to Uncover Opportunities for Innovation in Digital Banking in Canada

IoT For Banking Collaborates with Western University to Uncover Opportunities for Innovation in Digital Banking in Canada

Online banking is on the rise in Canada and globally as consumers increasingly prefer electronic payments as compared to cash. According to Interac, 79% of all payment transactions were made electronically in 2020. Canadians feel confident using digital payment systems and online banking technology, creating opportunities for financial institutions to develop and implement systems to better understand their market and design new products to serve their customers.

IoT for Banking is an AI platform that produces behavioral pattern insights to help financial institutions understand their customers online banking behaviors and use this information to design new products and services that exceed customer demands. The venture addresses issues such as lack of systems for capturing online banking behaviors, a lack of automation in manual banking processes, and produces actionable insights that help financial institutions create new products to gain a competitive advantage.

Seeking to better understand consumer banking behaviors, IoT for Banking established a partnership with Western University through the Mitacs Business Strategy Internship Program, a program that strengthens the innovation capabilities of companies through working partnerships with academic institutions across Canada. IoT for Banking has hired a researcher to conduct extensive market research with Canadian financial institutions’ target customers, uncovering key insights on consumer banking behaviors and opportunities for innovation.

Key outcomes from the research will include levels of customer satisfaction with current options available on the market, insights of usage and satisfaction of various online digital products, market gaps and opportunities, and top recommendations to consider for the development of the IoT for Banking launch product. This collaboration will support IoT for Banking further define their early adopter market and key features necessary to create a successful minimum viable product (MVP).

 

‘Our partnership with Mitacs and Western University allows IoT for Banking to access the resources required to conduct a deep dive analysis to understand what were the ‘must-have features’ to give us a unique and competitive advantage in the digital banking marketplace’ -Clement Yu, Founder  

About IoT for Banking
IoT for Banking is a leading provider of cutting-edge technologies and services, offering scalable solutions for companies of all sizes. Founded by a team who started by scribbling their ideas on a piece of paper, today we are ready to offer smart, innovative services to financial institutions around the world.

Website
LinkedIn

About Empowered Startups
Empowered Startups is an Innovative Startup Incubator and foundry headquartered in Vancouver, British Columbia, Canada. With offices in Canada, France, and Portugal, we train/mentor/ and network entrepreneurs to successfully launch new businesses in diverse markets. As a foundry we also conceive, build and launch our own products and solutions. Empowered Startups is recognized by the Canadian Government as a designated start-up business incubator and is known internationally for growing ideas into sustainable businesses using both a virtual and on-site model. Our training tools and mentorship are used and recognized by leading global university labs, Startup incubators, and innovation hubs. Apply for our programs online at empoweredstartups.com

Photo by Pexels

TalentPrise Attracts 6,000 Recruiters in 100 Countries in its First Year

TalentPrise Attracts 6,000 Recruiters in 100 Countries in its First Year

TalentPrise Attracts 6,000 Recruiters in 100 Countries in its First Year

Talentprise, an AI recruiting platform in the Empowered Startups Incubator, has experienced strong growth during its first year of operations. More than 6,000 recruiters in 100 countries are using the platform to hire higher quality talent more efficiently.

Improving the quality of hires is a top priority of recruiters, yet according to a survey by Codingame, 61% of recruiters reported that finding qualified candidates was the most challenging part of recruiting tech talent. From the applicant’s perspective, it’s become more common to apply to jobs online only to receive an automated rejection email.

Talentprise has redesigned the process, offering better experience and outcomes for both recruiters and talent. They’ve replaced job descriptions with personas. Applicants are invited to complete a quick assessment identifying their skills, and unlike traditional platforms, CVs are optional. From there, an AI Headhunter finds top candidates that match recruiters’ target persona.

Despite their recent launch, Talentprise is already recognized as a top 5 talent sourcing tool by TechTimes, alongside established platforms like Job.com and Hired.com.

“What is more important than on time, on budget talent sourcing for a business? The traditional hiring process is inefficient and brings frustration for both employers and job seekers. That’s why we developed Talentprise. Thanks to AI, talent sourcing is now efficient, straightforward, and effortless.” – Wasim Taqqali, CEO of Talentprise Inc.   

Talentprise

Talentprise is a talent job search tool based in Toronto that was created in 2021. Talentprise is the owner and operator of Talentprise.com, one of the best talent sourcing tools for recruiters driven by AI. Employers, talent acquisition experts, headhunters, and hiring managers worldwide rely on them to identify top talent. While assisting talent and job seekers in standing out and obtaining the dream employment they love and deserve.

Contact Information

Talentprise Inc.
Wasim Taqqali, CEO
Talentprise.com
[email protected]

About Empowered Startups
Empowered Startups is an Innovative Startup Incubator and foundry headquartered in Vancouver, British Columbia, Canada. With offices in Canada, France, and Portugal, we train/mentor/ and network entrepreneurs to successfully launch new businesses in diverse markets. As a foundry we also conceive, build and launch our own products and solutions. Empowered Startups is recognized by the Canadian Government as a designated start-up business incubator and is known internationally for growing ideas into sustainable businesses using both a virtual and on-site model. Our training tools and mentorship are used and recognized by leading global university labs, Startup incubators, and innovation hubs. Apply for our programs online at empoweredstartups.com

Photo by Unsplash

V-TRAIN Technologies Releases Interactive Demo

V-TRAIN Technologies Releases Interactive Demo

V-TRAIN Technologies Releases Interactive Demo of its First VR Ethics and Compliance Training Module

Vancouver, B.C. – V-TRAIN Technologies is pleased to announce that its first interactive virtual reality (VR) learning module for the financial services industry is available to demo. This module will be the first of many that set a new standard for learning and soft skill development in the financial services industry.

The demo has been the culmination of several partnerships including: Singapore Financial Crime Compliance Association, ISM Arts & Culture, and  Emily Carr University of Art and Design’s (ECUAD) Design + Dynamic Media Department.

“We have been working hard with our partners to develop a solution that addresses the challenges facing the financial services industry for ethics and compliance training. It is exciting to reach this point where we can now go back to industry with a fully interactive demo and users can experience the vision we have talking about since we started.” – Ranjeet, CEO of V-TRAIN Technologies

 

Opportunity to for pilot participants

Current training for ethics and compliance in the financial services industry are passive methods such as classroom learning, reading text, or basic online modules with multiple choice questions. As a result, employees in the industry report low engagement, low retention, and some instances of training participation being manipulated.

V-TRAIN is exploring opportunities to partner with organizations in the financial services industry to run pilot programs with the VR curriculum and will announce further partnerships as they are finalized. Contact V-TRAIN if you are interested in being a part of this pilot program.

Signup to book a demo of the VR module

Interested financial institutions can Contact V-TRAIN to book an interactive demo of the module. Screenshots of the demo are below.

About V-TRAIN Technologies
V-TRAIN Technologies, founded in 2020, is an innovator in delivering immersive training experiences for the global financial services industry. We ensure that the global financial services industry is a key pillar of growing economies by creating effective ethics and compliance training that use the latest in immersive technologies such as VR.

Contact Information
Ranjeet – CEO
Email: [email protected]
Address: Unit 420 – 744 West Hastings Street
Vancouver, BC, V6C 1A5
Website: https://v-train.co/
LinkedIn: https://www.linkedin.com/company/v-traintech/

About Empowered Startups
Empowered Startups is an Innovative Startup Incubator and foundry headquartered in Vancouver, British Columbia, Canada. With offices in Canada, France, and Portugal, we train/mentor/ and network entrepreneurs to successfully launch new businesses in diverse markets. As a foundry we also conceive, build and launch our own products and solutions. Empowered Startups is recognized by the Canadian Government as a designated start-up business incubator and is known internationally for growing ideas into sustainable businesses using both a virtual and on-site model. Our training tools and mentorship are used and recognized by leading global university labs, Startup incubators, and innovation hubs. Apply for our programs online at empoweredstartups.com

Photo by Fauxels

National Day For Truth and Reconciliation

National Day For Truth and Reconciliation

Each year, September 30 marks the National Day for Truth and Reconciliation. The day honours the children who never returned home and Survivors of residential schools, as well as their families and communities. Public commemoration of the tragic and painful history and ongoing impacts of residential schools is a vital component of the reconciliation process.

Empowered Startups’ offices will be closed that day as we pause, reflect, and learn about the devastating impact of the Indian Residential School System, and the harm it has perpetuated for Indigenous peoples. We encourage each of you, in your own way, to participate in the reconciliation process with open minds and hearts. This work is important and must be done for us to move forward together. 

We encourage you to participate in educational and commemorative activities in your community, to listen to the stories of survivors, and to reflect in the manner that best suits you. 

Whether it’s through quiet reflection, participating in events, watching a film, reading a book, or sharing conversation about reconciliationwe encourage you to recognize the traumatic legacy of residential schools and learn more. 

 

About Empowered Startups

Empowered Startups is an Innovative Startup Incubator and foundry headquartered in Vancouver, British Columbia, Canada. With offices in Canada, France, and Portugal, we train/mentor/ and network entrepreneurs to successfully launch new businesses in diverse markets. As a foundry we also conceive, build and launch our own products and solutions.

Empowered Startups is recognized by the Canadian Government as a designated start-up business incubator and is known internationally for growing ideas into sustainable businesses using both a virtual and on-site model. Empowered Startups mentors, accelerates, and incubates innovative domestic and global business ideas. Our training tools and mentorship are used and recognized by leading global university labs, Startup incubators, and innovation hubs.

Notable EdTech products under the Empowered Startups Umbrella: Young Empowered Startuppers (YES) – A fully integrated e-learning platform for high schools that guides teachers and students on an innovative entrepreneurial journey starting with an idea and ending with a viable and pitch ready venture, and Empowered Nations – providing specialized entrepreneurship training, mentorship, and tools through an Indigenous lens.

 

For more information about our programs visit empoweredstartups.com
Address:    420-744 West Hastings Street
Vancouver, BC, V6C 1A5, Canada