The Significant Investor Visa (SIV) scheme
In October 2014 changes to the Significant Investor Visa (SIV) programme were announced by the federal government as part of the Industry Innovation and Competitiveness agenda. These changes took effect on 1 July 2015 which included adding an allocation to early stage venture and introducing a Premium Investor Visa (PIV) category.
1 July 2015; Enhanced Significant and Premium Investor Visa programmes commence
The new framework for the Significant Investor Visa (SIV) and introduction of the Premium Investor Visa (PIV) are aimed at attracting applicants with business and entrepreneurial skills and capital to enhance investment into innovative Australian businesses and the commercialisation of Australian ideas, research and development.
Under the new arrangements, SIV applicants will be required to invest at least $5 million over four years in complying investments, which must now include:
- At least $500,000 in eligible Australian venture capital or growth private equity fund(s) investing in start-up and small private companies.
This is expected to increase this to $1 million for new applications within two years
Investing in ESVCLP for SIVs
BlueChilli operates the BlueChilli Venture Fund, a registered ESVCLP which supports innovation and startups. The key point of difference with our approach is that we have a controlled source of startups with a strong emphasis on risk mitigation with our 156 ratings standard.
Contact us to find out more