Canada overall Federal Start up visa success rate for previous 5 years 2016 – 2020
Good day ladies and gentlemen, this is IRC news and I am Joy Stephen, an authorized Canadian Immigration practitioner bringing out this Data Analysis release from the Polinsys studios in Cambridge, Ontario. Today is the 1st of Apr, 2022.
Today we are going to do some data analysis on the total applications for Canadian Overall Federal Start up visa processed for the previous 5 years between 2016 and 2020. This data could give us some idea on the growth trajectory of the program and the success rate of the program. This are Global data or numbers and approval rates are also based on a Global trajectory. Region specific numbers may differ in their trajectory.
On my screen is the chart highlighting the data for 2016, 2017, 2018, 2019 and 2020. We will discuss the success rate trajectory and the popularity of the program or in other words the increase in numbers year over year for this program. In 2016, we saw a total number of applications at 104 with 103 approvals providing a success rate of around 99%. In 2017 out of 292 applications, 229 applications were successful with a reasonably good success rate of around 78%. Let us now move on to 2018, where the processed applications were 367 applications and an approved number of 231 with a success rate of 63%. In 2019, even with the onset of the pandemic, the provinces continued to select candidates through this method and had 802 applications processed and had an approval number of 621 with a success rate of around 77%. OK, 2020 was the final year of full data we have and considering the Pandemic, the total was a low number of 300 applications and an approval number of 197 with an average rate of 66% success rate. Overall, the trajectory of numbers and success rate is going up where the numbers increased as well as the success rate was maintained. The trajectory for this program for success rates is possibly going up.
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