Many startups funded by Silicon Valley giants are heading to Canada to open offices over there. US President Donald Trump is trying his best to restrict software engineers entering the country. And surely these startups don’t want to take that much risk. Many startups from the US have signed up for Terminal, a program that helps startups hire staff from abroad. The program which launched in the first half of 2017 is currently active only in Canada.
Some of these startups include Eventbrite, an event organizing firm, Plays.tv, an online sports company, and Zola, a wedding listing website. The program provides offices to these startups in Vancouver, Waterloo, Ontario, and Montreal along with helping in building their human resource. The program uses Canada’s most popular Global Talent Stream that allows companies to bring skilled foreign workers in the country within two weeks after submitting the visa application.
Dylan Serota, founder and general manager, Terminal, says that stricter US laws are shutting startups in the Silicon Valley. It is difficult to come to an agreement as of now it is all about tech giants in the US versus Trump’s government. Countries around the world are supporting tech industries and encouraging them to become bigger, but it is the reverse in the US. He expressed his concern over the US completely stopping the H1B visa system.
Tight labor market
Companies in the US hire as much as 30,000 engineers every year. If you want to hire 10, it is going to be difficult because there will be a skill shortage, if Trump decides to limit the number of H1B visas. Canada has been successful in attracting tech companies because of its advanced artificial intelligence technology. Apple, Microsoft, and Google opened its offices in Canada in 2016. Facebook and Amazon opened their offices in 2017. Not only startups, but big enterprises are shifting operations to Canada too.