Venture Capital entrepreneur visa factsheet
What is the Venture Capital Entrepreneur visa stream?
The Department of Immigration and Citizenship (DIAC) administers the Business Talent (Subclass 132) visa. The Venture Capital entrepreneur stream of the Business Talent visa provides direct permanent entry for migrant entrepreneurs who have successfully sourced venture capital funding through a Venture Capital member of AVCAL. Further information is available on the DIAC’s website - http://www.immi.gov.au/skills/skillselect/index/visas/subclass-132/.
What is AVCAL?
The Australian Private Equity and Venture Capital Association (AVCAL) is the voice of private equity (PE) and venture capital (VC) in Australia. We are an advocacy group with a membership that includes 54 domestic and international VC and PE managers active in Australia, as well as pension/super funds, service providers and other stakeholders.
AVCAL is active in communicating, researching and advocating the significant contribution that VC and PE makes to the broader Australian economy.
Australian VC and PE firms manage over $29bn in funds under management. They provide capital and expertise to companies in a range of business life-cycles: start-ups, SMEs and large organisations. AVCAL VC and PE members focus on enhancing innovation, productivity, entrepreneurial activity and sustainability in the companies they invest in. Australian VC and PE firms currently back more than 500 companies which employ over 100,000 full-time equivalent jobs.
How do we define venture capital for the purposes of membership?
VC funds are wholesale institutional funds that invest in early-stage companies in innovative industries, such as the life sciences, information technology and communications sectors, to finance, incubate, commercialise and grow these companies over the long-term.
At AVCAL VC funds are those who have Australian-domiciled funds with a minimum of A$15m under management. In addition, AVCAL reserves the right to assess each membership application on a case-by-case basis before granting an AVCAL VC membership status. For more information –