Why Canada New Immigrant Investor Venture Capital Program Will Fail?

The federal government has recently launched its new Immigrant Investor Venture Capital (IIVC) Pilot Program which aims to raise $120 million from 60 eligible ultra-high net worth investors.  The funds are intended to be invested in Canada-based start-ups with high growth potential.   Ironically, the new program, unofficially confirms Canada’s definitive retreat from the global residence-through-investment…