National Innovation Visa Subclass 858
The National Innovation Visa or NIV is an invitation-only visa offering permanent residency.
The NIV will replace existing business migration schemes and the Global Talent visa, making it easier for high caliber individuals to bring their skills, knowledge and investments to Australia.
Who is the National Innovation Visa for?
The National Innovation Visa is designed to attract individuals who can make a significant difference to Australian industry.
- Entrepreneurs and Investors with cutting-edge ideas and startups in fields such as technology, science, and green energy.
- Innovators working on new products, processes, or solutions that have global market potential.
- Researchers and Tech Experts from key industries such as AI, robotics, cybersecurity, biotechnology, and advanced manufacturing.
- Global Talent looking to relocate to and represent Australia, such as exceptional athletes and creatives
How do you apply for the National Innovation Visa?
Applicants will need to prepare and submit an expression of interest or EOI to an Australian state or territory who will assess it. The applicant will then receive an invitation from the state or territory to apply for the visa.
NIV Age Restrictions
There is no age cap for the National Innovation Visa.
NIV Occupation Requirements
There are no occupation restrictions. However, the visa applicant needs to be internationally recognised in their field and/or demonstrate a record of exceptional talent.
Launch Date
The National Innovation visa is expected to launch in December 2024.
How is the National Innovation Visa different to the Skills in Demand Specialist Skills Stream?
| Skills in Demand subclass 482 visa
Specialist Skills stream |
National Innovation Visa subclass 858 | |
| Who can apply? | Highly skilled, earning at least $135,000, with an employer sponsor | Internationally recognised record of exceptional talent, prominent in their field |
| Visa length | Up to 4 years (with pathway to permanent residency) | Direct to permanent residence |
| Sponsorship requirement | Must have an approved sponsor | Must be nominated via approved form 1000 |
| English language requirement | Competent English | Functional English or pay second VAC |
| Age | Any age (PR requirements are separate) | Any age |
| Occupation restrictions | Almost any occupation except trades workers, machinery operators and drivers, and labourers | No occupation restrictions |
| Grants each program year | Demand driven | Planned program and must be invited to apply |