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Supporting innovation in South Australia
Download PDF THE HON PETER DUTTON MP
MINISTER FOR HOME AFFAIRS MINISTER FOR IMMIGRATION AND BORDER PROTECTION
MEDIA RELEASE
4 March 2018
SUPPORTING INNOVATION IN SOUTH AUSTRALIA
The Australian Government is committed to fostering entrepreneurship and innovation and has given an undertaking to the Steven Marshall Liberal Team to pilot a new visa initiative in
South Australia.
Under this initiative, new visa arrangements that allow State Governments to partner with
business incubators in attracting foreign entrepreneurs to Australia will be piloted in South
Australia, before a national rollout in 2019.
"I commend Steven Marshall and the SA Liberal Team on taking the initiative to secure this
arrangement for South Australia," Mr Dutton said.
"South Australia has suffered from 16 long years of Labor Government".
"Steven Marshall is committed to restoring South Australia's economy".
Under this initiative, foreign entrepreneurs and investors with an innovative idea and a
supporting business plan will be able to apply for a temporary visa to take forward their
venture in Australia.
Applicants will not need capital backing, unlike the current Entrepreneur Visa which requires
demonstrated funding of at least $200,000.
Instead, applicant's proposals will be vetted by State or Federal Government entities, with
these entities able to partner with incubators and accelerators to identify potential
applicants for nomination.
Entrepreneurs who are successful in establishing their business venture in Australia will
become eligible to apply for permanent residence.
"The Turnbull Government is focussed on increasing job opportunities and standards of
living for Australians and we are doing this by fostering business growth and investment in
Australia," Mr Dutton said.
"Encouraging seed-stage entrepreneurs to take forward innovative ideas in Australia will
assist in growing the jobs of the future".
For further information: Minister's Office —02 6277 7860
www.minister. homeaffairs. go v. au
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