A new category of visa to attract and retain the best and brightest entrepreneurial talent is now open to new applications. The Minister for Immigration and Border Protection Peter Dutton said the Government was driving economic growth through innovation, including through our Business Innovation and Investment visa program.

“The new Entrepreneur visa provides a pathway to permanent residence and allows entrepreneurs with $200,000 in funding from a specified third party to develop and commercialise their innovative ideas in Australia,” Mr Dutton said.

In addition, changes to the points test for skilled migration have been made to encourage international students who have completed Australian postgraduate research qualifications in a science, technology, engineering or mathematics field to remain in Australia.

These graduates will be granted additional points under the skilled migration programme, enhancing their pathway to permanent residence in Australia.