What is a Peer Review in a Start-Up Visa? Is it important? Is there a way to avoid a Peer Review?

What is Peer Review?

Peer review is a process used to scrutinize project proposals. For some proposals, NACO (National Angel Funding Organization) will require a panel of peer experts within the Designated Angel Investor Group or Business Incubator to conduct a thorough review to determine whether a particular applicant should be accepted. This is to combat fraud and ensure that the applicant and supporting organization have acted in accordance with professional standards. Therefore, the project and its implementation process must be meticulously executed to confidently pass the rigorous standards of a Peer Review.

Not all Start-Up Visa projects require Peer Review; only certain projects will.

How does KeyApply support businesses during the Peer Review process?

We work closely with the designated organization by compiling necessary documents, providing additional evidence, and defending the Start-Up with the highest level of effort and accuracy.

At KeyApply, our goal is to ensure you complete your Startup Visa journey efficiently and correctly. That's why we're here to help you from start to finish, with simple and complex tasks and those beyond your control, such as the Peer Review.

Is there a way for a startup to avoid being selected for Peer Review?

YES. One way to ensure your startup doesn't go through Peer Review is to get support from a Venture Capital fund on the list of designated organizations for the Startup Visa. To qualify for Venture Capital, your business needs to meet certain specific requirements, including:

• Revenue has reached $1 million or more from any country in the world.
• You are willing to invest a certain amount of additional capital, a minimum of USD 100,000, for the initial business operations, for at least one year after you arrive in Canada. This capital will be reimbursed to you after the investment period as per the business plan .

KeyApply works with many reputable designated organizations such as Incubator, Angel, and Venture. Therefore, we always arrange the most suitable and secure roadmap for your startup.

Our success rate is currently 100%.

What are the next steps?

• You don't need to have an existing business, management experience, or age restrictions—learn about the Start-Up Visa now.
• If you are interested in a Canadian Start-Up Visa, please book an appointment HERE for a consultation.
• KeyApply will advise and select the best roadmap for your startup.