South Australia has launched Innovation Visas for overseas talents. This is in recognition of the fact that innovation is a crucial long-term propellant for growth, jobs, and economic prosperity. It is also in support of the innovation agenda of the Australian Government through visa options. This will help Australia to connect with the brightest and best in the world.
The Australian Government had announced two pilot schemes that aimed at supporting innovation and talent in the nation. These are the Supporting Innovation in South Australia and Global Talent Scheme, as quoted by the Home Affairs Gov Au. Both of these aim to support job creation, skills transfer, and business growth. This is by attracting highly skilled overseas talents to help in to foster innovative businesses in Australia.
Supporting Innovation in South Australia scheme
Startups are crucial for the future prosperity of the economy of Australia. They create fresh jobs, propel innovation and bring opportunities for the economy’s diversification. The pilot scheme aims to:
- Harmonize existing visas for entrepreneurs and startups in the Business Investment and Innovation Program
- Ensure that Australia is competitive and open to attract brightest and best entrepreneurial talents required to propel innovative ideas to business reality
Department of Home Affairs is working in close collaboration with the Government of South Australia for implementing the pilot scheme. The scheme will be rolled out nationally in 2019 subject to a successful review.
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