Are there any other incubators in Vancouver, ideally associated fairly directly with real (i.e. Silicon Valley, or at least Seattle) VCs?

If someone wanted to do just the minimum legal/financial/admin overhead for startups (say, $500/mo tops), and either provide them with YC-levels of funding, or provide housing/office space for 4mo ($1-3k/mo/person, tops), it seems like a win. Investing $20k in each company for 5-15 companies would be a good investment in dealflow for a Vancouver or global focused VC.

I think a Canadian funding entity investing directly could get around the crazy reporting requirements.

Even if you were only 20% as good as YC, open immigration laws of Canada, and the Vancouver environment would probably be enough.

Alternatively, a Vancouver franchise of Seedcamp or Founder Institute.