Grants in Canada for foreign students and entrepreneurs, with visa covered, offer an incredible opportunity to pursue education or build a business in a country known for its world-class institutions, thriving economy, and welcoming culture.
In 2025, Canada’s commitment to attracting global talent means generous funding and visa support for students and entrepreneurs, whether you’re chasing a degree or starting a startup.
This comprehensive guide explores the best grants, visa options, eligibility, application steps, and how to seize these opportunities to thrive in Canada.
Why Canada Offers Grants and Visa Sponsorship for Foreign Students and Entrepreneurs
Canada is a global leader in education and innovation, with top universities like the University of Toronto and a vibrant startup ecosystem in cities like Vancouver and Montreal. However, to maintain its competitive edge, Canada faces a need for skilled students and innovative entrepreneurs. To address this, the government, provinces, universities, and private organizations offer grants and visa sponsorship to attract international talent. These programs provide financial support for tuition, living expenses, or business startup costs, while visa sponsorship ensures legal work or study rights.
For foreign students, grants and visas open doors to world-class education and career opportunities. For entrepreneurs, they provide funding and legal pathways to launch businesses in Canada’s stable economy. These opportunities aren’t just about money—they’re about joining a diverse, inclusive society and building a future in a country known for its safety, innovation, and high quality of life.
Understanding Grants and Visa Sponsorship in Canada
What Are Grants for Foreign Students and Entrepreneurs?
Grants are financial awards or in-kind support that don’t need to be repaid, designed to help with costs like tuition, living expenses, or business startup expenses. For students, grants may cover partial or full tuition, research costs, or living stipends. For entrepreneurs, grants support business development, innovation, or market entry. Unlike loans, grants are essentially “free money” to ease financial burdens.
What Is Visa Sponsorship?
Visa sponsorship means an institution, employer, or government program supports your application for a study or work permit, allowing you to legally study, work, or run a business in Canada. For students, this is typically a Study Permit, while entrepreneurs may receive a Work Permit through programs like the Start-Up Visa (SUV) or Provincial Nominee Program (PNP). Sponsorship often includes covering visa fees or providing support like letters of acceptance or business endorsements.
How Do Grants and Visa Sponsorship Work Together?
Grants and visa sponsorship often go hand-in-hand. For example, a university offering a scholarship (grant) may sponsor a Study Permit by issuing a Letter of Acceptance. Similarly, a provincial government or business incubator offering startup funding may endorse an entrepreneur for a Work Permit under the SUV program. These combined benefits make it easier for foreign students and entrepreneurs to settle in Canada.
Why Canada Needs Foreign Students and Entrepreneurs
Canada’s education and business sectors thrive on diversity and innovation. Universities rely on international students to enrich academic programs and research, contributing about $22 billion annually to the economy. Meanwhile, entrepreneurs drive job creation and innovation, particularly in tech, healthcare, and green energy. However, an aging population and skill shortages mean Canada needs global talent to sustain growth. In 2025, Canada aims to welcome over 500,000 immigrants, including students and entrepreneurs, through programs offering grants and visa sponsorship.
Top Grants for Foreign Students in Canada
Canada offers a range of grants for international students, often tied to Study Permits. Below are the top programs in 2025:
1. Vanier Canada Graduate Scholarships
- Purpose: Supports doctoral students in health, natural sciences, engineering, social sciences, or humanities.
- Amount: $50,000 CAD per year for up to three years.
- Eligibility: Enrolled in a PhD program at a Canadian university, strong academic record, leadership skills.
- Visa Support: Universities provide Letters of Acceptance for Study Permits.
- Why Apply?: Covers tuition and living expenses for top researchers.
2. Canada Graduate Scholarships – Master’s Program (CGS-M)
- Purpose: Funds master’s students in research-based programs.
- Amount: $17,500 CAD for one year.
- Eligibility: Enrolled in a master’s program, strong academic performance, Canadian or permanent resident supervisor.
- Visa Support: Study Permit sponsorship through university acceptance.
- Why Apply?: Supports early-stage research and living costs.
3. International Tuition Awards (University-Specific)
- Purpose: Reduces tuition fees for international students.
- Amount: $5,000–$20,000 CAD per year, varies by university (e.g., UBC, University of Alberta).
- Eligibility: Full-time enrollment, academic excellence, financial need.
- Visa Support: Universities issue Letters of Acceptance for Study Permits.
- Why Apply?: Lowers the high cost of international tuition.
4. Ontario Graduate Scholarship (OGS)
- Purpose: Supports graduate students in Ontario universities.
- Amount: $10,000–$15,000 CAD per year.
- Eligibility: Enrolled in a graduate program in Ontario, strong academic record.
- Visa Support: Study Permit sponsorship via university.
- Why Apply?: Funds tuition and research for master’s and PhD students.
5. Canada-ASEAN Scholarships and Educational Exchanges for Development (SEED)
- Purpose: Supports students from ASEAN countries for short-term study or research.
- Amount: $10,200–$12,700 CAD for 4–8 months.
- Eligibility: Citizens of ASEAN countries, enrolled in a home institution, accepted by a Canadian institution.
- Visa Support: Study Permit or visitor visa sponsorship.
- Why Apply?: Ideal for short-term academic programs with living stipends.
Top Grants for Foreign Entrepreneurs in Canada
Entrepreneurs can access grants to start or grow businesses, often paired with visa sponsorship through programs like the Start-Up Visa or PNP. Top programs in 2025 include:
1. Canada Start-Up Visa (SUV) Program Grants
- Purpose: Supports innovative startups with potential for growth.
- Amount: Varies; incubators or investors provide funding (e.g., $75,000–$200,000 CAD).
- Eligibility: Business idea endorsed by a designated organization (e.g., incubators, angel investors), proof of funds ($12,960 CAD for one person).
- Visa Support: Work Permit leading to permanent residency.
- Why Apply?: Funds and visa support for high-potential startups.
2. Mitacs Accelerate Entrepreneurship
- Purpose: Funds research-based startups collaborating with universities.
- Amount: Up to $15,000 CAD per internship unit (4–6 months).
- Eligibility: Entrepreneurs with a research-based business, partnered with a Canadian academic institution.
- Visa Support: Work Permit through SUV or PNP.
- Why Apply?: Supports innovation and academic collaboration.
3. IRAP (Industrial Research Assistance Program)
- Purpose: Funds small and medium-sized enterprises for research and development.
- Amount: Up to $100,000 CAD for R&D projects.
- Eligibility: Innovative business with growth potential, incorporated in Canada.
- Visa Support: Work Permit via SUV or PNP for eligible entrepreneurs.
- Why Apply?: Boosts tech and innovation-driven startups.
4. Provincial Startup Grants
- Purpose: Supports entrepreneurs in specific provinces (e.g., Ontario, British Columbia).
- Amount: $5,000–$150,000 CAD, depending on the program (e.g., Ontario’s Starter Company Plus).
- Eligibility: Business plan, proof of market potential, residency in the province.
- Visa Support: Work Permit through PNP or SUV.
- Why Apply?: Tailored funding for regional business growth.
5. Women Entrepreneurship Fund
- Purpose: Supports women-led businesses.
- Amount: Up to $100,000 CAD for business expansion.
- Eligibility: Women entrepreneurs with a registered business in Canada.
- Visa Support: Work Permit via SUV or PNP.
- Why Apply?: Empowers women to scale their businesses.
Eligibility Criteria for Grants and Visa Sponsorship
For Foreign Students
- Education: Enrolled in a Designated Learning Institution (DLI) for Study Permit eligibility.
- Academic Performance: Strong grades (e.g., GPA 3.0 or higher for scholarships).
- Language Proficiency: English or French (IELTS 6.0–7.0 or equivalent for most programs).
- Financial Proof: Show funds to cover living expenses (e.g., $10,000 CAD/year outside Quebec).
- Health and Character Checks: Clean criminal record, medical clearance (if required).
- Letter of Acceptance: From a DLI for Study Permit sponsorship.
For Entrepreneurs
- Business Plan: Innovative idea with growth potential, endorsed by a designated organization (for SUV).
- Experience: 1–2 years of business or management experience (preferred, not mandatory).
- Language Proficiency: Basic English or French (CLB 5 or higher, e.g., IELTS 5.0).
- Financial Proof: Funds to support yourself (e.g., $12,960 CAD for one person under SUV).
- Health and Character Checks: Clean criminal record, medical clearance.
- Endorsement: Letter of support from a designated organization (e.g., incubator, angel investor).
A strong application package, including a CV, business plan (for entrepreneurs), or academic records (for students), is key to securing grants and visas.
Visa Options for Students and Entrepreneurs
For Students: Study Permit
- Purpose: Allows international students to study at a DLI.
- Duration: Valid for the duration of the study program plus 90 days.
- Cost: $150 CAD (often covered by universities or grants).
- Work Rights: Up to 20 hours/week off-campus during studies, full-time during breaks.
- Pathway: Leads to Post-Graduation Work Permit (PGWP) for 1–3 years, then permanent residency via Express Entry or PNP.
For Entrepreneurs: Start-Up Visa (SUV)
- Purpose: Supports entrepreneurs with innovative businesses.
- Duration: Work Permit (1–2 years), leading to permanent residency.
- Cost: $1,625 CAD (main applicant, often partially covered by incubators).
- Work Rights: Full-time work on your business.
- Pathway: Direct path to permanent residency after meeting SUV conditions.
For Entrepreneurs: Provincial Nominee Program (PNP) Entrepreneur Stream
- Purpose: Supports business owners in specific provinces.
- Duration: Work Permit (1–2 years), leading to permanent residency.
- Cost: Varies by province ($500–$3,500 CAD, sometimes subsidized).
- Work Rights: Full-time work on your business.
- Pathway: Permanent residency after meeting business performance criteria.
Top Universities and Organizations Offering Grants and Visa Support
For Students
- University of Toronto: Offers International Scholar Awards ($10,000–$20,000 CAD) and Study Permit support.
- University of British Columbia (UBC): Provides International Tuition Awards ($5,000–$20,000 CAD) and visa sponsorship.
- McGill University (Quebec): Offers scholarships like the McGill Entrance Scholarship ($3,000–$10,000 CAD).
- University of Alberta: Provides graduate funding and Study Permit sponsorship.
- Government of Canada: Administers Vanier and CGS-M scholarships with visa support.
For Entrepreneurs
- MaRS Discovery District (Toronto): Offers startup funding and SUV endorsement.
- Communitech (Waterloo): Provides grants and Work Permit support for tech startups.
- Invest Ottawa: Supports entrepreneurs with funding and PNP/SUV endorsements.
- Venture for Canada: Offers seed funding and visa assistance for young entrepreneurs.
- Business Development Bank of Canada (BDC): Provides grants and loans with visa support.
These organizations are recognized by IRCC for visa sponsorship, ensuring a smooth process.
Salary and Benefits for Students and Entrepreneurs
Students
- Financial Support: Grants cover $5,000–$50,000 CAD/year for tuition, living expenses, or research.
- Work Opportunities: Part-time work (up to 20 hours/week) at $15–$25 CAD/hour, earning $12,000–$20,000 CAD/year.
- Post-Graduation Work Permit (PGWP): Work full-time after studies, earning $40,000–$80,000 CAD/year (depending on field).
- Benefits: Access to Canada’s public healthcare, campus resources, and networking opportunities.
Entrepreneurs
- Financial Support: Grants range from $5,000–$200,000 CAD for startup costs, R&D, or expansion.
- Revenue Potential: Successful startups can generate $100,000–$1 million CAD/year, depending on the industry.
- Benefits: Work Permit, permanent residency pathway, access to incubators, and Canada’s business-friendly environment.
Additional benefits include:
- Visa Sponsorship: Study or Work Permit fees often covered by universities or incubators.
- Relocation Support: Grants for flights, housing, or settling-in costs ($1,000–$5,000 CAD).
- Cultural Experience: Live in diverse cities like Toronto, Vancouver, or Montreal.
- High Quality of Life: Safe communities, universal healthcare, and vibrant culture.
Step-by-Step Guide to Securing Grants and Visa Sponsorship
Follow these steps to secure grants and visa sponsorship as a student or entrepreneur:
Step 1: Choose Your Path (Student or Entrepreneur)
Decide whether you want to pursue education or start a business. For students, select a program at a Designated Learning Institution (DLI). For entrepreneurs, develop an innovative business idea in sectors like tech, healthcare, or green energy.
Step 2: Research Grants and Sponsoring Organizations
- Students: Check university websites (e.g., UBC, McGill) for scholarships or government programs like Vanier or SEED.
- Entrepreneurs: Explore incubators (e.g., MaRS, Communitech) or provincial programs (e.g., Ontario’s Starter Company Plus) for funding and visa support.
Step 3: Prepare Application Materials
- Students: Gather academic transcripts, letters of recommendation, a statement of purpose, and proof of English/French proficiency (e.g., IELTS 6.0).
- Entrepreneurs: Create a detailed business plan, proof of funds, and a CV highlighting business experience. Secure a Letter of Support from a designated organization for SUV.
Step 4: Apply for Grants
- Students: Apply through university portals or government websites (e.g., NSERC for CGS-M). Deadlines vary (e.g., December for Vanier).
- Entrepreneurs: Submit applications to incubators, IRAP, or provincial programs. Include your business plan and financial projections.
Step 5: Secure a Letter of Acceptance or Endorsement
- Students: Obtain a Letter of Acceptance from a DLI for Study Permit eligibility.
- Entrepreneurs: Get a Letter of Support from a designated organization (e.g., incubator, angel investor) for SUV or PNP.
Step 6: Apply for a Visa
Submit your Study or Work Permit application online via Immigration, Refugees and Citizenship Canada (IRCC). Required documents include:
- Letter of Acceptance (students) or Letter of Support (entrepreneurs).
- Passport.
- Proof of funds (e.g., $10,000 CAD for students, $12,960 CAD for entrepreneurs).
- Police clearance and medical certificates (if required).
Visa fees ($150–$1,625 CAD) are often covered by grants or sponsoring organizations. Processing takes 3–12 weeks.
Step 7: Prepare for Interviews (if required)
Some grants or visa programs require interviews. Be ready to discuss:
- Students: Academic goals, program fit, and plans in Canada.
- Entrepreneurs: Business idea, market potential, and contribution to Canada’s economy.
Show enthusiasm, clarity, and commitment to your goals.
Step 8: Access Grants and Relocate
Once approved, confirm grant details (e.g., tuition coverage, startup funding) with your university or sponsoring organization. Plan your relocation with support like:
- Flights or transportation ($1,000–$3,000 CAD).
- Temporary housing (1–2 months).
- Settlement funds for living expenses.
Arrive in Canada, apply for a Social Insurance Number (SIN), and enroll in your program or start your business.
Challenges of Securing Grants and Visa Sponsorship
Challenges include:
- Competitive Grants: Scholarships like Vanier are highly competitive, requiring strong academics or innovative business plans.
- Documentation: Gathering transcripts, business plans, or proof of funds can be time-consuming.
- Language Requirements: Students need higher English/French proficiency (IELTS 6.0–7.0) than low-skilled workers.
- Cost of Living: Cities like Toronto or Vancouver are expensive, though grants help offset costs.
- Processing Times: Visa and grant applications may take 3–12 weeks.
With preparation and persistence, these hurdles can be overcome.
Tips for Success in Securing Grants and Visa Sponsorship
To secure grants and visas quickly, consider:
- Apply Early: Scholarship deadlines (e.g., December for Vanier) and visa processing require planning.
- Tailor Applications: Customize your CV, statement of purpose, or business plan for each program.
- Network: Connect with university advisors or incubator mentors on LinkedIn for guidance.
- Highlight Achievements: Emphasize academic excellence (students) or business potential (entrepreneurs).
- Research Provinces: Provinces like Manitoba or Alberta offer more grants and faster PNP pathways.
Benefits of Grants and Visa Sponsorship
Beyond financial support, these programs offer:
- Education and Skills: Students gain world-class degrees; entrepreneurs develop business expertise.
- Permanent Residency Pathway: PGWP or SUV/PNP lead to PR after 1–3 years.
- Networking: Access to academic or business communities for career growth.
- Cultural Immersion: Live in Canada’s diverse cities and explore its culture.
Pathway to Permanent Residency
Both students and entrepreneurs can achieve permanent residency (PR):
- Students: After studies, apply for a PGWP (1–3 years), gain Canadian work experience, and apply for PR via Express Entry or PNP.
- Entrepreneurs: Meet SUV or PNP business performance criteria (e.g., job creation, revenue) to secure PR.
PR allows you to live and work in Canada indefinitely, with a path to citizenship after three years. Dependents may join on study or work permits.
Living in Canada as a Student or Entrepreneur
Living in Canada offers more than education or business—it’s a chance to thrive in a diverse, safe country. Whether in Vancouver’s coastal beauty, Toronto’s urban energy, or Montreal’s cultural charm, you’ll enjoy:
- Cultural Immersion: Experience festivals, cuisine (like poutine), and landmarks like Niagara Falls or Banff.
- Travel Opportunities: Explore Canada or nearby U.S. cities like Seattle.
- High Quality of Life: Safe communities, universal healthcare, and excellent public transport.
- Work-Life Balance: Flexible schedules allow time to explore Canada’s outdoors.
International students and entrepreneurs thrive in Canada’s inclusive society, where English or French proficiency opens doors to integration.
Frequently Asked Questions About Grants and Visa Sponsorship
Do I Need Experience?
Students need strong academics; entrepreneurs need a viable business idea and some experience (preferred).
What Visas Are Available?
Study Permit for students; SUV or PNP Work Permit for entrepreneurs.
Can I Bring My Family?
Yes, dependents can join on study/work permits for students or entrepreneurs.
How Much Are Visa Fees?
Study Permit: $150 CAD; SUV Work Permit: $1,625 CAD (often partially covered).
What Grants Can I Get?
Tuition awards ($5,000–$50,000 CAD) for students; startup funds ($5,000–$200,000 CAD) for entrepreneurs.
Do I Need to Speak French?
English is sufficient; French is a plus in Quebec.
How Long Can I Stay?
Study Permits last for the program duration; Work Permits last 1–2 years, with PR pathways.
Conclusion: Start Your Canadian Journey in 2025
Grants in Canada for foreign students and entrepreneurs, with visa covered, offer an accessible path to world-class education or a thriving business in a welcoming country. With generous funding, visa support, and opportunities to explore Canada’s vibrant culture, these programs are perfect for ambitious individuals seeking growth and stability. By researching programs, preparing strong applications, and leveraging support from universities or incubators, you can secure your grant, visa, and future in 2025. Start your journey today and join the thousands of students and entrepreneurs thriving in Canada’s dynamic landscape.
For more information, visit the Immigration, Refugees and Citizenship Canada (IRCC) website at www.canada.ca or university/incubator websites like UBC, MaRS, or Communitech. Your Canadian adventure awaits!