For the second Significant Investor Visa discussion forum, the venture capital managers had the opportunity to hear from front line market participants on what potential clients are saying about the new SIV investment framework, as well as get an update from the NSW State Government on the progress of the program.
The inaugural discussion group for Venture Capital managers interested in the Significant Investor Visa (SIV) program was held in Sydney on 5th November, 2015.
Participants consisted of ESVCLP and VCLP managers with registered funds, those considering tapping into this market as well as specialist lawyers sharing their expertise. Following were some key insights from the discussion, with the next forum to be held on Tuesday 1st December. Continue reading SIV discussion forum for VC managers – Tuesday 1st December
From 1 July 2015, those looking to migrate to Australia under the $5M Significant Investor Visa (SIV) pathway are required to invest 10% or $500,000 into venture capital. Many thought this would deter future applicants, 90% of whom have come from mainland China.
The mandating of early stage venture capital for the Significant Investor Visa (SIV) investment migration stream 188/888 has provided tremendous opportunities for new capital flows into Australia’s private equity markets.
With a minimum of $500,000 required to be invested in the AusIndustry registered structures of Early Stage Venture Capital Limited Partnership (ESVCLP) or Early Stage Venture Capital Partnership (VCLP), if the number of applications under the initial program are maintained, this could be more than $350M injected into the sector over the next few years. Continue reading SIV discussion forum for VC managers – Thursday 5th November