Boosting of innovation capital is set up by the rich investors in Australia

June 23, 2015
Australian government decided to boost the innovation capital by the rich investors

Australian government has  announced about the  new three part complying investment framework recently for the premium Investor visa (PIV) and Significant Investor visa (SIV) programme which offers permanent residency being made by the applicants significant to complying investment 

There should be at least  the requirement of investing $5 million from July1, 2015 by the applicants of new SIV in complying investments, which are now being include the following:

• There should be an eligibility for Australian growth private equity funds or Australian venture capital  investing in private companies and in start up of at least $500,000 where the governments expect from the new applicants to increase $1 million as a market response within two years 
• There should be an eligibility for the listed investment funds(LIC’s) or managed funds up to $1.5million which are invested in the listed Australian Securities Exchange (ASX) in the emerging companies  
• There should be up to $3 million balancing investment that invests in a combination of eligible assets in LIC’s or managed funds which include the  other eligible corporate bonds  or notes, ASX listed companies, real property and annuities which subject to a limit of 10% on residential real estates

Andrew Robb, minister of investment and trade stated that the bar was set too low by the previous SIV framework which are invested into the passive investments in a largely directed which already attracts the large capital investments like residential real estate’s schemes and government bonds 

From July1, 2015 the government targeting talented innovators and entrepreneurs for which it is also intended to introduce a new PIV with a minimum invest about $15 million which will be availed only at the Australian government at the invitation

The government policy under the competitiveness Agenda and industry innovation, which are the part of suit of introduction of PIV and changes to SIV which are critical to the economic future  and aims to promote innovation and commercialization of Australian ideas, research, investment and development.

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