The Australian Government’s reissuing of 188C Business Innovation and Investment visas and allocation of interim places to high net worth migrants prior to the Budget will assist Australian businesses and entrepreneurs to counter the lack of availability of domestic capital investment, according to one advisory firm.
Fund manager Atlas Advisors Australia and university investment fund Uniseed have jointly invested in Australian start-up Forcite, the maker of a motorcycle smart helmet.
Radio-tracking drone technology provider Wildlife Drones has developed “innovative” technology to assist governments and environmental organisations to better manage the landscape and track threatened and pest species.
Increasing foreign investment in venture capital, particularly at the early and seed stages, could give industry and innovation the critical boost it needs, generating greater economic benefits to Australia including higher employment and more patents, according to one of the country’s fund managers.
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