Taking Care B2B - Global Citizens Asia

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CANADA HEALTHCARE TECHNOLOGY INDUSTRY OVERVIEW

The healthcare management systems market for the elderly and disabled is growing rapidly. According to UNICEF, there are nearly 240 million children with disabilities in the world, while the WHO predicts that the population over 60 will account for 22% by 2050.

The market value of assistive devices for the elderly and disabled is expected to increase from $31.1 billion in 2023 to $52.3 billion in 2032, with a CAGR of 5.95%. The assistive technology market is also expected to reach $41.7 billion by 2030, with a CAGR of 6.55%.

This market represents a huge investment opportunity as demographic trends and disability rates rise. Innovations in healthcare and assistive technology can improve quality of life and generate significant economic returns. AI-driven healthcare management systems have the potential to fill the gap in personalized care and proactive health management, addressing the needs of the elderly and disabled.

ABOUT TAKING CARE

TakingCare was founded by a father with a disabled child to provide better care support. It is a technology startup that develops a platform to support families with elderly dependents or children with disabilities. The system simplifies the management of medical examinations, monitoring, medication and hospitalization, while improving care outcomes through reminders, data analytics and communication tools.

STAT-UP VISA PROGRAM OVERVIEW

Program Start-up Visa Entrepreneurship in Canada is an excellent opportunity for Vietnamese entrepreneurs who want to start and grow their businesses in a creative and supportive environment. This program attracts talented entrepreneurs, contributes to the Canadian economy and creates jobs for local people.

Benefits of the program:

Minimum investment of $250,000 in a tech startup
No proof of funds required
At least 2 years of business or management experience
Minimum English proficiency CLB5 (equivalent to IELTS 5.0)
No minimum education required

To qualify, applicants must have a promising business plan, endorsed by a designated organization in Canada (venture capital fund, angel investor group, or business incubator). Applicants must also meet language, education, and financial resources requirements to support themselves and their families. Once approved, applicants will receive a work permit and can apply for permanent residence after establishing a business in Canada.

Taking Care's information

What is Taking Care?

TakingCare is a technology startup with a digital platform that helps families with elderly or children manage their healthcare. The platform simplifies and manages medical appointments, medication regimens, and hospitalization schedules…
Founder and Operations Team

Led by an Israeli team and operated by TMA Solution Vietnam, Taking Care is confident in its ability to provide practical solutions to users and become a trusted companion on your journey of health care and support.
Number of investors

The project already has 2 investors contributing capital and is mobilizing 3 more investors for development. The total investment capital is expected to be $1,250,000 USD and $250,000 will be disbursed for the first phase.
What is the Canada Start-Up Visa and how to participate?

The Canada Start-Up Visa is a program for entrepreneurs with an innovative start-up idea supported by a designated Canadian organization. You must meet English or French language requirements, have sufficient financial resources, and receive support from an investor, venture capital fund, or business incubator in Canada.Chúng tôi cam đoan sẽ mang lại trải nghiệm cá nhân hóa: các chuyên gia sẽ đánh giá hồ sơ của bạn, cung cấp tư vấn trực tiếp, giải đáp các thắc mắc của bạn và thiết kế một kế hoạch tùy chỉnh để tăng cường tỷ lệ thành công của bạn.
TakingCare's main goal

TakingCare’s primary goal is to reduce caregiver stress, improve coordination and communication in healthcare tasks, and ultimately reduce the risks associated with inadequate management of healthcare responsibilities for older adults and children with disabilities.
Revenue model
Assuming each user pays $10 per month, your revenue will grow as follows:
- Year 1: $60,000
- Year 2: $240,000
- Year 3: $1,200,000
- Year 4: $2,400,000
- Year 5: $6,000,000
We anticipate gradual growth in adoption, with revenue primarily generated through the subscription model. Additional revenue sources will be explored through partnerships with healthcare organizations and by offering premium features.
How does TakingCare improve healthcare management efficiency?

The platform offers a range of features including seamless integration of reminders, data analytics, and communication tools. These features help improve healthcare outcomes by ensuring timely medical care, reducing the risk of medication errors, and improving overall care coordination.
How securely is data handled by TakingCare?

TakingCare prioritizes the security of all user data. The platform uses advanced encryption protocols to ensure that all information, including medical records and personal information, is stored securely and processed with the highest level of confidentiality.
Letter of Support from Venture Capital

Find out more information

Introduction to the Startup Visa

Since its launch in April 2013, the Start - Up Visa (SUV) program has quickly become a leading immigration pathway for entrepreneurs seeking permanent residency (PR) in Canada. The program attracts a diverse group of applicants eager to establish ventures in Canada’s supportive environment, highlighting its appeal within the competitive landscape of global immigration options.

Accessible Entry Requirements

The SUV provided accessible entry requirements, which included a modest investment, some business or managerial experience, and CLB 5. These criteria attracted a wide range of applicants, enabling them to apply either individually or in groups with up to five investors. This openness fostered a vibrant community of entrepreneurs eager to establish their ventures in Canada.

Initial Expectations for Startups

Initially, startups were required to show only modest progress, concentrating on developing detailed business plans and establishing their branding, without the immediate demand to launch a Minimum Viable Product (MVP) or secure users. This flexible approach resulted in a high success rate of at least 75% throughout the program, making it an attractive choice for aspiring entrepreneurs.

Saturation of the Startup Market

However, this flexible approach led to market saturation, with many inactive tech startups unable to address real-world problems. This undermined the program's intended economic benefits for Canada. Consequently, it was reevaluated to prioritize genuinely innovative businesses. The focus shifted to supporting startups with the potential to make meaningful contributions.

Recent Program Changes

Since April 2024, the SUV program has implemented key changes, particularly for designated organizations like VC firms, now restricted to supporting a maximum of 10 startups annually. While the application process remains the same, IRCC has raised its standards. Applicants must now demonstrate an active MVP and provide evidence of user acquisition to qualify for support.

Success with TakingCare

At GCA, we are developing TakingCare, a health-tech startup focused on addressing significant challenges in the Canadian Universal Healthcare system. Our dedicated team has successfully completed due diligence with venture capital firms and secured pre-approval for funding. This initiative aims to enhance patient care and improve healthcare delivery across Canada.

Invitation to Collaborate

We would like to arrange a meeting to provide you with a detailed introduction to TakingCare and discuss this exciting opportunity. We believe that collaborating on this project can lead to significant mutual benefits. To share additional information, we will need to have a Non-Disclosure Agreement (NDA) in place to ensure confidentiality and protect all parties involved.

Team

Founders

+20 years of experience in building technology companies, he has co-founded two successful startups: Realmatch and PandoLogic, both of which have made significant impacts.

Avi Balali

Senior Tech Leader

Mr. Phuoc is an IT engineer and the CEO of TMA Solutions, a leading technology solutions provider in Vietnam, known for its innovative solutions and significant growth in the tech industry.

Mr. Phuoc T

VP Software Development

Mr. Nissim

Project Coordinator

Shahab S

VC Representative

Giovanni M

Immigration Consultant

Mr. Alireza Motahari

Immigration Consultant

Clients's feedback

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I will definitely recommend GCA to my friends and family, the service and working style are excellent. GCA is our spiritual support from the time we completed the application until we arrived in Canada.

Mr Nhân and his family

Get PR in 08/2023

The Start Up Visa program that GCA designed is really special, I don't seem to need to do much until I receive PR, they helped me from A to Z, all I have to do is trust and entrust them. GCA is really a great choice.

Mr Quy and his family

Get PR in 02/2022

I had failed my US and Australian immigration applications, and I thought my dream of settling abroad was over. But GCA revived that dream, the consulting service and especially the SUV program are great. This is a potential and promising company.

Mr Vinh and his family

Get PR in 04/2024

The Global Citizens team helped me a lot in my PR process through the SUV program. They were very enthusiastic and always supported me in every step. I am very satisfied with their service.

Mr Tri and his family

Get PR in 07/2023

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