AVCAL Submission: Inquiry into the Business Innovation & Investment Program
Friday 2 May 2014
AVCAL today lodged a submission to the Joint Standing Committee on Migration's Inquiry into the Business Innovation and Investment Programme (BIIP). The submission outlined recommendations to improve the programme to help attract more overseas entrepreneurs to Australia. AVCAL's recommendations include:
- Broadening the programme to include start-up founders and allow acceptance into a qualifying incubator programme as an alternative eligibility requirement; and
- Reducing the $1 million funding requirement to $100,000.