Are there still Australian migration options for entrepreneurs and innovators?
Yes, but the current landscape is different. The invitation-only National Innovation visa (subclass 858) is a permanent pathway for exceptionally talented people with internationally recognised records of exceptional and outstanding achievement, including some entrepreneurs and innovative investors.
What RightWay can help you understand
- Whether a current innovation pathway is realistically relevant
- How the invitation-only National Innovation visa process works at a high level
- What the closure of the old BIIP means for new applicants
- Whether another skilled or employer-sponsored pathway may be more appropriate
- Existing subclass 188/132 matters lodged before closure, where relevant
Common pathways or topics
An invitation-only permanent visa for exceptionally talented applicants with internationally recognised achievement.
Applications lodged before closure can continue to be processed under applicable arrangements.
Some business owners or professionals may have a better fit under skilled or employer-sponsored migration.
The old BIIP is closed to new applications
Home Affairs confirms that the Business Innovation and Investment Program closed permanently to new applications on 31 July 2024.
National Innovation is highly selective
The National Innovation visa is not a general replacement for the old investor program. It requires exceptional achievement and an invitation.