It has two streams:

• Significant Business History stream: for high-calibre business owners or part-owners who want to do business in Australia
• Venture Capital Entrepreneur stream: for people who have sourced venture capital funding from a member of the Australian Venture Capital Association Limited (AVCAL).​

Eligibility

• be nominated by a state or territory government agency
• be invited to apply for the visa
• have assets of AUD 1.5 million and business turnover of AUD 3 million (Significant Business History stream) or
• have funding of at least AUD 1 million from an Australian venture capital firm (Venture Capital Entrepreneur stream)
• meet health and character requirements