The following are the specific requirements of the Business Innovation stream:

  • You are under 55 years old (unless your proposed business will be of exceptional benefit to the region where it will operate).
  • The net value of your business and personal assets exceeds AUD $800,000
  • You own at least 30% of a business with an annual turnover exceeding AUD $500,000 (the ownership % drops to 10% of your business if it is a publicly listed company
  • You intend to own (30%) and manage an Australian Business
  • You have an overall successful business career
  • You have no involvement in unacceptable business activities