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National Innovation Visa (NIV, Subclass 858)

Direct permanent residency from day one for exceptional founders and innovators. Invitation-only, merit-based — not a capital-investment route.

This visa is invitation-only. You cannot apply directly: you first need to receive an invitation. It replaced the Business Innovation and Investment Program (BIIP), which has closed.

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Official program name
National Innovation Visa (Subclass 858)
Program category
Qualifying as an exceptional entrepreneur or founder
Current status
Active but restricted (invitation-only)
Best suited for
Exceptional, already-recognized founders, researchers, or specialists — not first-time or early-stage entrepreneurs
Overview
The NIV replaced both the Business Innovation and Investment Program (BIIP) and the Global Talent Visa in December 2024. It consolidates both into one invitation-only, achievement-based pathway. Unlike the BIIP it replaced, the NIV requires no minimum financial investment — eligibility rests entirely on demonstrated exceptional achievement in priority sectors such as technology, advanced manufacturing, renewable energy, agri-food, or medical science. Successful applicants and their families receive full permanent residency immediately, with no provisional stage.
Minimum investment
None — merit/achievement-based, not capital-based
Active involvement required
To be confirmedLikely varies by nominated sector; confirm with Department of Home Affairs
Residence status granted
Permanent residency, immediately, direct — no provisional visa stage
Family inclusion
Yes — partner and dependent children receive full PR rights from day one
Spouse work rights
Yes (full PR grants unrestricted work rights)
Permanent residence pathway
Yes — direct and immediate
Official source
homeaffairs.gov.au

Want more background?

Our guide explains how this route works in practice and what to prepare first.

Read the Australia guide →

Directional guidance only, not immigration advice. Invitation and nomination processes are discretionary. Confirm current eligibility and nomination pathways with the Department of Home Affairs. Last verified September 15, 2026.