Victoria’s Business Innovation and Investment Program (BIIP) opens on 4 January 2021

Victoria’s full 2020-21 business and investor visa nomination program 188 Business Innovation stream, 188 Investor stream and 188 Entrepreneur stream and 132 Business Talent stream (Permanent) visa and 132 Venture Capital Entrepreneur stream (Permanent) visa will re-open at 10am AEST on Monday, 4 January 2021. Applications for Significant Investor (subclass 188C) visa nomination opened on Monday 30 November.

The Commonwealth Department of Home Affairs has allocated the Victoria Government another 1,350 visa nomination places, in addition to the 400 places as part of the interim program. Our total number of places for the Business Innovation and Investment Program (BIIP) is 1,750 for the 2020-21 program year.  

Changes to nomination criteria

The new criteria strengthen Victoria’s ability to select the world’s best businesspeople and investors who will:

a) create new jobs for Victorians
b) boost innovation in strategic sectors (digital technologies, advanced manufacturing, health and life sciences, agri-food, new energy and emissions reduction, circular economy and priority precincts)
c) generate forward-looking businesses utilising their qualifications in STEMM (science, technology, engineering, mathematics and medicine) fields.