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Visa to Encourage Innovation at Australia

September 2016, 07
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Visa-to-encourage-innovation-at-Australia
In December 2015, the Australian Government announced the National Innovation and Science Agenda (NISA) to encourage innovative ideas in the field of Science. 

To support the agenda, numerous changes were introduced in the visa system to attract highly qualified individuals from various parts of the world. It aims to attract the brightest entrepreneurial talent. 

New Entrepreneur visa


The new entrepreneur visa will be open from September 10, 2016 under the Business Innovation and Investment Program. The new visa will allow entrepreneurs to procure funds worth $200,000 from various funding agencies, to transform innovative ideas into businesses. This visa will further help the beneficiaries to obtain permanent residence of Australia. 

Basic requirements to apply for the visa are. 


  • Applicant must be under 55 years of age
  • English Proficiency Mandatory. 
  • Must procure funds worth $200,000 to set up ventures in Australia. 
  • At least have 30 per cent stake in the entrepreneurial venture. 
  • Should be nominated by Australian State or Tertiary. 

Interested candidates can submit Expression of Interest in SkillSelect from September 10, 2016.

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Source: https://migrationblog.border.gov.au/

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