Business innovation

For the Business Innovation stream, this component of the points test gives points for evidence of the following attributes at the time you are invited to apply for this visa. You can be awarded points for more than one attribute, but only once for each of them.

  • Registered patents or registered designs (15 points)
    • The patent or design must have been registered at least one year.
    • It must have been used in the day-to-day activities of your nominated main business.
  • Registered trademarks (10 points)
    • The trademark must have been registered at least one year.
    • It must have been used in the day-to-day activities of your main business.
  • Joint venture agreements (5 points)
    • The agreement must be a formal agreement that has been in force for at least one year.
    • You must have been involved at a senior level in day-to-day management and decision-making for the venture.
  • Export trade (15 points)
    • One or more of your nominated main businesses must have derived at least 50 per cent of annual turnover from export trade for at least two of the preceding four fiscal years.
  • Gazelle businesses (newly established businesses experiencing rapid growth during a short period) (10 points)
    • Your nominated main business must have been registered for no more than five years.
    • The average annualised growth in turnover of the business must have been greater than 20 per cent each year for a continuous period of three fiscal years.
    • The business must have had 10 or more full-time employees for at least one fiscal year in the three-year period.
  • Receipt of grants or venture capital funding for an innovative business idea (10 points)
    • This funding must have been for the early-phase start-up of a business, product commercialisation, business development or business expansion.
    • Grants: You must have received a grant of at least AUD10 000 under specified conditions from a government body in your home country within the preceding four years.
    • Venture capital funding: You must have received venture capital funding of at least AUD100 000 within the preceding four years.