International Graduate Entrepreneur Program
To apply to International Graduate Entrepreneur Program you must qualify to submit an EOI.
To do so you must meet the following terms:
- Be at least 21 years old or more.
- Have a full-time, minimum of 2 years, post-secondary degree/diploma. from a valid educational institute from Saskatchewan.
- Also, have a valid Post Graduate Work Permit (PGWP) with a minimum validity of 24 months.
- Have lived in Saskatchewan during your study program. Also, SINP does not consider accelerated academic programs or distance-learning study programs.
- Further, have a minimum language skill level of CLB 7.
Besides, after selection, you must submit proof of your eligibility and knowledge of your Business Establishment Plan (BEP).
After invitation, selection, and approval from SINP, you must meet terms such as:
- Be living in Saskatchewan.
- Before applying to SINP you must own and actively operate a business in Saskatchewan.
- Also, own at least 33% (one-third) of your business. And must be actively involved in the day to day activities. Also, you must own your Saskatchewan business due to making a direct verifiable investment. To do so the applicant can invest from his equity or other eligible sources.
- Besides, give proof of successful operation and minimum required revenue generation after completing 1-year of operation.
- Further, sign a Business Performance Agreement (BPA) with the Saskatchewan government.
- Finally, use a third-party financial service provider to confirm that your business meets the minimum compensation terms.
Business eligibility terms of the International Graduate Entrepreneur Program
For your business to be eligible meet the following terms:
- Add value to manufacturing or processing, destination tourism, technology commercialisation, research and development, and exports.
- Create new and innovative techniques and approaches for traditional businesses.
- Offer innovative technology and specialised knowledge to Saskatchewan.
- Offer services, products to the underserved local market.
- Also, your business can be a sole proprietorship, corporation, or partnership. But it must meet the legal terms of the community in which it is running.
- Besides, the business must be running to get profit through the sale of goods and/or services.
- Further, your business must fall under a permanent establishment as per subsection 400(02) of the Canadian Income Tax Regulations, 1985.
Meet additional terms such as:
- Firstly, own a minimum of 33% (one third) of the business.
- Secondly, must be living within a 50 km radius of your business location.
- Also, be actively involved in the day to day operations of your business.
- Besides, SINP does not allow you to run your business from outside Saskatchewan or Canada or from another country. You must be living for a minimum of 75% of the time on a valid work permit in the province (minimum 15 months out of 20 months).
The following businesses can not apply under the International Graduate Entrepreneur Program:
- Wholesale trading businesses, where goods or merchandise are bought in Canada or internationally, resold without any change, whether in Canada or internationally.
- Any business which is in a multi-business retail condo/location/project or business incubator. The non-operational one, and/or is targeted or dependent on SINP applicant for business investment or operations.
- Any ‘Non-Arm’s Length’ transaction with regards to any business investment or purchase of a business.
- A business that is previously owned by a SINP Entrepreneur or Immigrant Graduate Entrepreneur applicant.
- Joint business venture or partnership with a past SINP Entrepreneur category applicant. SINP only allows business venture or partnerships with new International Entrepreneur Graduate applicants.
- Primary agriculture/farming operations
- Property rental, investment, and leasing activities
- Any Coin-operated businesses
- Consultancy or any business offering professional advice
- Resale of goods and/or services
- Online/e-commerce businesses. Unless the service/product is new to the Canadian marketplace and the applicant stores its products in a warehouse in Saskatchewan.
- Real estate construction/renovation/brokerage/property development, insurance brokerage or business brokerage. For cases where you get a commission or do not take physical possession of the product.
- Professional services or self-employed business operators. For those who require a license/accreditation unless the license/accreditation was obtained as per and due to your academic studies.
- Long-distance freight trucking
- Payday loan, cheque cashing, money changing and cash machines
- Credit unions
- Home-based businesses, including bed-and-breakfasts and lodging houses
- Investments in business to get passive investment income, or
- A business that might malign the reputation and credibility of SINP and or the Saskatchewan government.
International Graduate Entrepreneur Program Expression of Interest (EOI) Points Grid System
Expression of Interest System (EOI)
EOI system is not a formal application but showcases the applicant’s interest in applying to SINP. Also, SINP assesses EOI profiles as per its EOI points grid system. After that, the EOI profile receives a ranking and based on that ranking SINP selects high scoring profiles. If you qualify then you will receive an Invitation to Apply (ITA) to SINP.
|Age (Maximum 10 points)|
|21 or less||0|
|35 – 40||05|
|More than 40 years of age||0|
|Language Skills (Maximum 10 points)|
|CLB 9 or higher||10|
|Education Level (Maximum 20 Points)|
|PhD degree from a Saskatchewan university||20|
|Masters or professional degree from a Saskatchewan university or college.
Note – professional degrees must have been issued by an appropriate Saskatchewan regulatory body.
|2 or more Canadian degree or diploma (1 must have been awarded by a Saskatchewan college or university) for a minimum of 3 years full-time study program.||10|
|Undergraduate degree for a minimum full-time study program duration of 3 years obtained from a Saskatchewan university or college.||05|
|Post-secondary diploma for a minimum of 2 years of full-time study program from a Saskatchewan college or university.||05|
|Economic Benefit (Maximum Points 40)|
|In Regina or Saskatoon||0|
|Within Regina or Saskatoon Census Metropolitan Area (CMA)||05|
|Outside Regina or Saskatoon Census Metropolitan Area (CMA)||10|
|Your business is located in a community consisting of less than 5,000 people||15|
|Business is considered innovative or is a part of a private sector|
|Indigenous Economic Partnerships|
|Have received any Government business incentive or tax credit such as patent-box, SK Tech-Startup incentive, Product2Market|
|Business is related to the commercialisation of technology or has been created concerning the research conducted as a part of your academic studies.|
|Adaptability (Maximum points 20)|
|Spouse or common-law partner has completed a full-time, minimum of 1-year in a 2-years study program from an educational institute in Saskatchewan.
Spouse or common-law partner has a minimum of continuous, 6 months of work experience in Saskatchewan at the time of submitting an EOI.