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Business Model Innovation
In today’s fast-paced and highly competitive global market, business model innovation (BMI) is the key to long-term success and sustainable growth. A well-defined and adaptable business model enables startups to not only attract investors and secure funding but also to scale efficiently while meeting market demands.
What is Business Model Innovation (BMI)?
Business Model Innovation (BMI) refers to rethinking, redesigning, and optimizing the way a company creates, delivers, and captures value. It goes beyond product or service innovation—it focuses on how businesses operate and generate revenue sustainably.
A strong, innovative business model is essential for entrepreneurs, startups, and scaling companies, especially those looking to secure investment, enter new markets, or qualify for programs like Canada’s Start-Up Visa (SUV) Program.
Business Model Innovation & The Start-Up Visa Program
For entrepreneurs applying to Canada’s Start-Up Visa (SUV) Program, a well-structured and innovative business model is one of the key requirements for securing approval from IRCC and designated organizations such as venture capital firms, angel investors, and business incubators.
At Inwest Ventures, we work closely with SUV applicants to refine their business models, revenue strategies, and market positioning to strengthen their applications and increase their chances of securing residency in Canada.