Eligibility

To qualify, an individual must:

• be at least 21 years old
• provide a business continuity plan with supporting financial documentation
• have completed a degree or diploma after at least two academic years of full-time, in-person study at Memorial University or College of the North Atlantic with the degree or diploma having been completed within two years of submission of the Expression of Interest
• have a valid post-graduate work permit
• want to live permanently in Newfoundland and Labrador while owning and actively managing a local business that has the potential to create significant economic benefit to Newfoundland and Labrador
• have at least one year’s continuous experience actively managing and owning the current business (33.3 per cent minimum ownership)
• demonstrate ability to create at least one full-time equivalent job for local population
• have a score of at least 7 on the Canadian Language Benchmark in speaking, listening, reading and writing in English or French