Requirement | Rural Entrepreneur Stream | Graduate Entrepreneur Stream | Foreign Graduate Entrepreneur Stream |
Work Experience | Owner ≥ 3 years;Senior Manager ≥ 4 years | Not specified; | ≥ 6 months |
Language Requirement | ≥ CLB 4/NCLC 4 | ≥ CLB 7/NCLC 7 | ≥ CLB 5/NCLC 5 |
Education | Equivalent to Canadian high school | ≥ 2-year degree or diploma from Alberta | Equivalent to a Canadian degree |
Age | Non; 21 to 49 (Increasing Chances) | Non; 21 to 49 (Increasing Chances) | Non |
Occupation & Industry | Start a new business ( ≥ 50%) or purchase an existing business (100% ownership) | Start a new business or purchase an existing business (≥ 34%) | Urban centre: ≥34%; Other region: ≥51%; technology, aerospace, financial services, energy, agriculture, tourism, life sciences, and pharmaceuticals. |
Investment | ≥ CAD 100,000 | Not specified | Urban centre: ≥ CAD 100,000; Other regions: ≥ CAD 50,000 |
Net Worth | ≥ CAD 300,000 | Not specified | Not specified; Meet LICOs |
Job Creation | New business: ≥ 1 | Not required | Not required |
Community Support Letter | From a participating rural Alberta community | Not required | From an AAIP-approved designated agency |
Business Plan | Not required | Not required | Required (refer the Business Plan Guidelines) |
Pitch Deck | Non; interview | Not required | 10-minute presentation (slides only) |
Increasing Chances | Business succession; Age: 21 to 49; spouse’s education and language;Alberta relative | Work experience ≥ 6 months; job creation, economic sector contributions, rural business location, business succession, investment; Age: 21 to 49; spouse’s education, Alberta work experience, and language; Alberta relative | Job creation |
Work Remotely | No | No | No |
Business Partners | Canadian Citizens or PR | Canadian Citizens or PR | Canadian Citizens or PR |