Ray Sharma loves Toronto, and he’s willing to bet entrepreneurs around the world will love it, too.
Sharma is the CEO and cofounder of Extreme Venture Partners, a Canadian VC firm that recently assembled a fund for paying startup founders and their families to relocate to Toronto.
Upon arrival, they’ll receive seed funding, guidance on beginning their new Canadian life, and the opportunity to get on the fast-track for citizenship. Sharma says EVP is prepared to welcome 30 companies over the next three years.
“By bringing in this diverse thought from different regions, we increase the chances of innovation in our venture fund,” Sharma told Business Insider.
Sharma and his team hatched the plans for the fund roughly a year ago. The team realized the…