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The $150k bit seems entirely unreasonable. Are they expecting immigrants to have funding before they launch their startup? Or are they only hoping to attract rich Indian and Chinese college students/grads riding on Daddy's money? Either approach seems naive if they truly want to build a vibrant startup culture in Canada.

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It seems reasonable if they want to attract VC firms too (or already have them), so the VCs can find entrepreneurs overseas and send them to Canada.

That seems like an edge case, and a strategy predicated upon the US remaining unfriendly to qualified immigrants.

The entrepreneurial immigration path is a way of jumping the queue, so yes it requires significant personal assets if you want to take advantage of it. Otherwise you can just utilize the normal immigration path.

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