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Australia To Encourage Innovation Through New Visa Program

09 Sep 2016


Australia To Encourage Innovation Through New Visa Program

Last year, the Australian government made an announcement, to introduce new visa as part of the National Innovation and Science Agenda (NISA), to encourage new innovations.

In a latest update from the officials, the Business Innovation and Investor Stream will be open from September 10, 2016. This program will allow qualified individuals to obtain funds worth 200000 Australian dollars from approved funding agencies. The funds will help the individuals to convert their innovative plans into business.

The individuals who will qualify for this visa would be further eligible for Australia Permanent Residence.

Requirements for this new visa class:

•    Candidate’s age must be under 55 years.

•    English Proficiency a mandatory requirement.

•    Funds worth $200,000 must be obtained to set up business in Australia.

•    Should have 30 percent stake in the firm.

•    Nominated by Australian State or Tertiary.

This stream will be open for Expression of Interest in SkillSelect. The visa aims to target the global talent with entrepreneurial spirit .

For more information about this, please fill out Free assessment form. One of our consultants will get back to you. For more updates follow us on Facebook , Twitter , Google+


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