Empowered Startups Places No. 397 on The Globe and Mail’s Fourth-Annual Ranking of Canada’s Top Growing Companies.

Empowered Startups Places No. 397 on The Globe and Mail’s Fourth-Annual Ranking of Canada’s Top Growing Companies.

Vancouver, B.C, September 22, 2021 – Empowered Startups is pleased to announce it placed No. 397 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.

Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. Empowered Startups earned its spot with three-year growth of 67%.

Empowered Startups is an Innovative Startup Incubator and foundry headquartered in Vancouver, British Columbia, Canada. With offices in Canada, the United States, 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.

Canada’s Top Growing Companies is an editorial ranking that was launched in 2019. It aims to celebrate the boldest entrepreneurial achievement by identifying and bringing the accomplishments of innovative businesses in Canada to the forefront. In order to qualify for this voluntary programs; companies had to complete an in-depth application process and fulfill requirements. In total, 430 companies earned a spot on this year’s ranking.

The full list of 2022 winners along with editorial coverage is published in the October issue of Report on Business magazine. The list is out now and online here.

“Canada’s Top Growing Companies recognizes the tremendous ambition and innovation of entrepreneurs in Canada,” says Dawn Calleja, Editor of Report on Business magazine. “The next generation of Canadian businesses can draw inspiration from this ranking.”

“In an uncertain world, the success stories of the companies marked in this year’s Report on Business magazine’s list of Top Growing Companies are a beacon of optimism,” says Phillip Crawley, Publisher and CEO of The Globe and Mail. “The Globe and Mail congratulates them on their achievements.” 

 About The Globe and Mail

The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With our award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 5.9 million readers every week in our print or digital formats, and Report on Business magazine reaches 2.3 million readers in print and digital every issue. Our investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.

For more information about Empowered Startups programs, please visit empoweredstartups.com

Contact Information

Lynsey Skramstad
Email:              [email protected]

Address:    420-744 West Hastings Street
Vancouver, BC, V6C 1A5, Canada

Website: www.empoweredstartups.com

Portugal Has Been Named the World’s Fourth Best Country For ExPats…And We Aren’t Surprised.

Portugal Has Been Named the World’s Fourth Best Country For ExPats…And We Aren’t Surprised.

Expat Insider 2022 just ranked Portugal 4th out of 52 destinations overall for Expats. Honestly, we aren’t surprised. Between the climate, tax advantages, general quality of life, opportunities, education system, and expedient immigration programs for executives like the HQA Visa Program  – Expats have several reasons to be happy.

According to the report:

93% of expats find it easy and safe to get around on foot and/or by bicycle (vs. 77% globally), and 82% feel that they can openly express themselves and their opinions (vs. 64% globally). For the latter factor, Portugal actually ranks first worldwide. When asked what they like most about life in Portugal, an expat from India mentions “the good environment and peaceful life.”

 

Portugal lands in another top 10 spot in the Ease of Settling In Index (7th). “I enjoy the beauty of the country and the relaxed way of life of the Portuguese people and their kindness,” shares an expat from the Netherlands, and a respondent from Germany points out that “people are friendly and open”. In fact, 82% of expats describe the Portuguese as generally friendly (vs. 66% globally), and 80% consider them friendly towards foreign residents in particular (vs. 65% globally). They also find it easy to make local friends (51% vs. 42% globally) and are happy with their social life (67% vs. 56% globally).

 

The low cost of living (8th) is another highlight of expat life in Portugal. More than seven in ten (71%) rate the general cost of living positively (vs. 45% globally). 

 

 

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.

Photo by Internations.Org

Business Incubation in Action – Scintillant Ventures

Business Incubation in Action – Scintillant Ventures

 

How Empowered Startups helped Scintillant Ventures grow into a cutting-edge Startup in the Canadian EdTech industry.

Scintillant Ventures is a Vancouver-based startup designing and building automated teacher workflows and simplifying educational content creation. Ron Ejercito, founder of Scintillant Ventures, explored this business opportunity while learning how to formulate and test business model assumptions in the Empowered Startups’ Global Startup Accelerator (GSA). Throughout the GSA, Ron learned how to use essential tools to track and measure success, including the lean canvas, traction modelling, and conducting customer interviews.

In February 2021, Ron entered the Empowered Startups incubator to validate his business model in Canada. Empowered Startups connected Ron to several key partners, such as Mitacs, Riipen, and academic research labs. This enabled him to conduct R&D, build a digital presence, and develop a prototype educational content authoring platform and student planner. He also works closely with several interns he met through Empowered’s network at Simon Fraser University and University Canada West.

As Scintillant Ventures advances its technology into a viable product, Empowered Startups is working closely with Ron to help him validate his prototypes through another round of market research and determine the best customer segments to expand his business.

“Empowered Startups helped me develop the professional network I needed to find the expertise and workforce to move my venture forward. They also connected me with other venture founders with whom I can collaborate and exchange ideas. My Startup Leader offered to guide me through the process of developing the lean canvas, review my plans, and connect me with the resources I needed to progress.” -Ron Ejercito, CEO, Scintillant Ventures.

Scintillant Ventures continues to work closely with Empowered Startups on defining the next steps to expand the business into other use cases. Over the long term, Ron sees Scintillant Ventures growing to become a large company, with a robust team, that improves job satisfaction and reduces teacher attrition across the industry.

 

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.

Photo by Julia M Cameron 

Empowered Startups’ HQA Visa Program Growth Featured in Sul Informação

Empowered Startups’ HQA Visa Program Growth Featured in Sul Informação

 

Evora, Portugal, June 26,  2022 —Empowered Startups’ massive growth and new office in Portugal has been featured in Sul Informação.

Empowered serves as the delivery expert in Portugal’s newest path to citizenship for investors and entrepreneurs, the HQA Visa. With so much volatility and uncertainty surrounding Golden Visas in Europe, Americans, Brits, and future ExPats from all over the globe are turning to Empowered Startups & Portugal’s HQA Visa Program to offer genuine long term prosperity in the EU.

We, at this moment, are calling Portugal our rising star. This is because we see a huge potential and a lot of opportunities to bring innovation and prosperity to different regions of the country – Naheed Henderson, CEO – Empowered Startups Global Accelerator Program. 

 

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. To apply for the HQA Visa Program Click Here

Golden Visa vs. HQA Visa vs. D7 Visa

Golden Visa vs. HQA Visa vs. D7 Visa

We get quite a few questions about how Portugal’s HQA Visa program differs from a Golden Visa. To be honest there are quite a few differences but it really boils down to 3 main differences – Processing time, cost, and the activities associated with the visa.

  • Processing time: The HQA Visa’s processing time is currently just 3 months, while currently the Golden Visa is tracking 2 years (as of May 2022).
  • Cost: The Golden Visa’s investment costs are significantly higher than an HQA Visa. The lowest investment requirement for a Golden Visa is  280K (and this must be invested in a touristic project that grants guaranteed annual returns and or guaranteed buyback in the same amount initially invested). The HQA Visa on the other hand has a €175K cost and your funds are invested in an innovative business of your choosing.
  • Activities Associated: The HQA Visa Program is custom built for entrepreneurs who are interested in building a new business in Portugal. The Golden Visa is more geared toward real estate investors and those simply looking to make a capital investment.

Below is a chart that breaks down the differences between the HQA Visa, the Golden Visa and the D7 Visa.

Processing Timeline: 3 Months

Family Eligibility: Yes – Spouses & Children under 18 Welcome

Path to PR & Citizenship: Yes

Minimum In-Country Stay Requirement: Flexible – Dependent on Business Activity

Portuguese Language Proficiency Requirement: None

Non-Habiltual Residency Tax Program Eligibility: Yes

Additional Professional Service Fees: None

Recurring Income Required: None

Medical Insurance Eligible: Yes

Portuguese Tax Number Required: Yes

Processing Timeline: 20 Months (as of 5/2022)

Family Eligibility: Yes

Path to PR & Citizenship: Yes

Minimum In-Country Stay Requirement: Yes – Not Flexible

Portuguese Language Proficency Requirement: None

Non-Habiltual Residency Tax Program Eligibility: Yes

Additional Professional Service Fees: Approxamately €25,000+

Recurring Income Required: None

Medical Insurance Eligible: Yes

Portuguese Tax Number Required: Yes

Processing Timeline: 7 Months (as of 5/2022)

Family Eligibility: Yes

Path to PR & Citizenship: Yes

Minimum In-Country Stay Requirement: Yes – Not Flexible – 6 Consecutive Months Per Year

Portuguese Language Proficiency Requirement: None

Non-Habiltual Residency Tax Program Eligibility: Yes

Additional Professional Service Fees: Approximately €2,500

Recurring Income Required: Yes

Medical Insurance Eligible: Yes

Portuguese Tax Number Required: Yes

Photo by Tatiana

Yes, The HQA Visa Is A Top Reason Entrepreneurs Are Moving to Portugal

Yes, The HQA Visa Is A Top Reason Entrepreneurs Are Moving to Portugal

Believe it or not, Europe’s westernmost country isn’t just a hot tourist destination. It’s becoming a hot bed of activity for startups and entrepreneurs looking to found new businesses in the European Union.  A recent report from Startup Europe Partnership, found Portugal’s startup ecosystem is now growing twice as fast as the European average. But why? What is it about Portugal that has everyone applying for their business visa programs, like the HQA Visa?

At a high level, Portugal has endless summers, low cost real estate, a long stretch of beautiful coastline consisting of both sandy beaches and picturesque cliffs, a robust university system where tech businesses can carry out R&D, it has ease of international travel, and so much more. 

We’ve polled our HQA Visa participants and put together a quick list of why many founders & business professionals are moving to Portugal.

  • Fast Processing on Paperwork – This point is specific to the HQA Visa Program where visa paperwork processes in just 3-4 weeks
  • Tax Breaks & Cryptocurrency Friendly Taxation Policies –  There are Benefits from Portugal’s Non-Habitual Tax Residency (NHR) Program for the first 10 years of residency. Additionally,  Portugal considers capital gains resulting from the sale of cryptocurrencies are not subject to Personal Income Tax
  • Access to Portugal’s world-class National Health Service (SNS) as a Portuguese resident for the entire family
  • A clear pathway to Portuguese citizenship after 5 years
  • Ease of travel and access to the European Union
  • Friendly business climate
  • A large amount of English speakers makes communication easy
  • Portugal ranks 4th on the Global Peace Index
  • Access to Portugal’s University system and international schools
  • Low cost of housing & living
  • Access to top tier tech talent, allowing startups to thrive
  • Relaxed & friendly lifestyle for families, and open social climate

If the climate, sandy beaches, top tier universities, access to a world-class tech ecosystem,  great food, high quality of life and low living costs aren’t enough for you to consider Portugal, let’s talk. There are so many benefits to Portugal’s innovative new visa programs like the HQA that make the area even more attractive to investors and highly experienced professionals.

You can request more information about our Portugal HQA Visa Program by selecting here.

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.

Photo by Pixabay