Business Innovation Points Test


Business Innovation Points Test

Business Innovation Points Test

 

Factor 

Description

Points 

Age

18-24

25-32

33-39

40-44

45-54

20

30

25

20

15

English Language

  • Vocational or Higher
  • Proficient or higher

5

10

Qualifications

  • Australian trade certificate, Diploma or Bachelor degree or a Bachelor degree recognised by the Minister
  • Bachelor Degree in Business, Science or Technology

5

    10

Business experience

  • Greater than four years business experience
  • Greater than seven years business experience

10

15

Investment experience

  • Greater than four years investment experience
  • Greater than seven years investment  experience

10

15

Financial metrics

  • Net business and personal assets
  • AUD 800 000
  • AUD 1.3 million
  • AUD 1.8 million
  • AUD 2.25 million

     

     

     5

15

25

35

Business Turnover

  • AUD 500 000
  • AUD 1 million
  • AUD 1.5 million
  • AUD 2 million

5

15

25

35

Innovation

  • Registered patents or registered designs
  • Evidence of trademarks
  • Evidence of joint venture agreements
  • Evidence of export trade
  • Gazelle business
  • 6. Evidence of receipt of grants or venture capital funding

15

10

5

15

10

     10

State or territory nomination

  Special endorsement (limited places)

     10