What you need to know about funding agreements for this visa
In an earlier release we wrote ” Funding must meet a minimum of $200,000. It doesn’t all have to come from the applicant. “. We have since corrected this on our immiNews site.
Read: Entrepreneur Stream for Subclass 188
Funding must meet a minimum of $200,000 and must come from one or more of the following sources:
State and territory governments
Publicly funded research organisations (all higher education providers listed in Table A and B of the Higher Education Support Act 2003 as well as Federal, State and Territory government departments or agencies which undertakes publicly funded research)
Investors registered as a Venture Capital Limited Partnership or an Early Stage Venture Capital Limited Partnerships“