Archive for category: Innovative Investors

 National Innovation visa 

As we advised earlier this year, the National Innovation Visa is due to replace the existing Global Talent Visa in the coming weeks.

What do we know about the National Innovation visa?

We should know the specific criteria for the visa very soon. Some of the details we expect to see confirmed are as below.

Applicants will be considered across the following areas:

• Researchers & Thought Leaders:  Global leaders, evidenced with significant published works, references, media coverage, awards.
• Entrepreneurs: High performing entrepreneurs, particularly those with support from state/territory authorities.
• Innovative Investors: Investors who have track record of successful investing, particularly those in innovative sectors.
• Athletes, Coaches & Creative Talent: High performing athletes or sports coaches, musicians, artists, actors, filmmakers.

The National Innovation Vise will be a permanent residency visa. This is a change for some of the above applicants. Specifically Entrepreneurs and Investors who had to apply for  the (now closed)  Subclass 188 visa. The 188 visa is a temporary residency visa, which has to be followed by an application for permanent residency through the Subclass 888 visa.

It is expected the visa will be by invitation only. Applicants will need to nominated by an equally accomplished Australia Citizen or permanent resident, or an organisation or government authority,  that can vouch for the applicant’s credentials and achievements.

Applicants (over 18 years old) will need to have functional English, or pay a further visa application charge prior to visa approval.

Eligible family members can be included. All applicants will need to meet health & character requirements.

There will be no limitations in occupations, or age limits. States/territories may have a say with regards to the industries and experience  that they are looking for and that they will support through nomination.

Are you interested?