There are many possibilities that Hong Kong entrepreneurs can explore for their business proposal in Australia. For entrepreneur visas, it is not necessarily dealing with tech or fintech. A rule of thumb is to look at the preferred state/territory that you would like to settle in and research what type of sectors a particular state/territory are aiming to develop. The nature of your business has to match what the state is looking for, in terms business types. For example, the target sectors in New South Wales state are: advanced manufacturing, food and beverage manufacturing, agricultural technology, aerospace and defense, renewable energy and sustainability, emerging digital technology, cyber security and Medtech. A viable criteria is the ability and extent of job creation and export businesses, two very crucial elements in a business proposal for an entrepreneur visa. As the states dictate what they would require in terms of nominating candidates for this visa stream, it remains to be seen what would be the types of favored businesses by each state with the exception of New South Wales. In this state's case, they have stated that the proposed business must have: (i) third party funding for the proposed new enterprise by specified types of bodies ; and (ii) to be admitted to one of the accelerators or startup incubators for entrepreneurs on their selected panel.
