Section 98.02 — Immigration and Refugee Protection Regulations: Agreements with organizations

The Minister may enter into an agreement with an organization to provide for any matter related to the start-up business class, including the making of recommendations and the provision of advice to the Minister on the designation of an entity and on the revocation of those designations; the establishment of criteria, standards of conduct and best practices for the making of commitments or the performance of other activities related to the start-up business class by an entity; the making of recommendations and the provision of advice to the Minister on the operation of these Regulations with respect to the start-up business class; the establishment of peer review panels referred to in section 98.09 ; and the submission of reports to the Minister on the activities of designated entities. In order to exercise the functions referred to in paragraphs (1)(a), (b), (d) and (e), the organization must have expertise in relation to the type of entity in question, namely, business incubators; angel investor groups; or venture capital funds. An organization may exercise the functions referred to in subsection (1) only when the following conditions apply: the organization is in compliance with the agreement and the agreement remains in force; subject to subsections 98.12 (2) and 98.13 (4), the organization complies with requirements imposed under subsection 98.12 (1) and paragraphs 98.13 (2)(b), (c), and (f) and requests made under subsection 98.13 (3); the organization is in compliance with these Regulations; and the organization has expertise in relation to at least one of the entity types referred to in paragraphs (2)(a) to (c).