New changes in immigration rule to promote innovation and points test
A new Entrepreneur Visa will be introduced to attract innovative talent and changes will be made to retain high achieving foreign students in Australia under the Coalition Government’s National Innovation and Science Agenda.
There will be extra points available for science Engineering and ICT students completing courses in Australia. This initiates students who complete PHD or Masters by research to get extra points to meet Skilled Migration Points Test to obtain their Permanent Residency.
The Agenda includes initiatives to foster new startups, help businesses to grow, and prepare young Australians for the opportunities of the future.
The Minister for Immigration and Border Protection Peter Dutton said ideas, skills and talent were essential to a high performing economy. He added the new Entrepreneur Visa would attract individuals with unique skillsets, ideas and the entrepreneurial talent to Australia.It will be available for emerging entrepreneurs with innovative ideas and financial backing to develop their ideas in Australia”.
The reforms will be introduced in the second half of 2016.
Source: www.innovation.gov.au www.peterdutton.com.au