In a major step forward for Australia’s innovation ecosystem, STEM start-ups can now access accredited sponsorship to attract the skilled workers they need to drive growth and innovation.
What’s New?
From 7 December 2024, STEM start-ups that have secured venture capital funding from a registered Early Stage Venture Capital Limited Partnership (ESVCLP) will be eligible to apply for accredited sponsorship status.
Accredited sponsors benefit from priority processing of both nominations and visa applications under the following visa categories:
- Skilled Employer Sponsored Regional (Provisional) (Subclass 494) Visa
- Temporary Skill Shortage (Subclass 482) Visa
This priority processing advantage will continue when the Skills in Demand visa replaces the Temporary Skill Shortage visa on 7 December 2024.
How Does Accreditation Work?
To become accredited, start-ups must first be approved as standard business sponsors. The government has also introduced stricter integrity measures for the accreditation process to ensure compliance with sponsorship obligations.
Updated Sponsorship Obligations
Starting 7 December 2024, there will be changes to sponsorship obligations, providing greater flexibility for both sponsors and visa holders.
- Employers will no longer be required to ensure that sponsored employees only work in their nominated occupation after leaving their role.
- Sponsored employees on temporary employer-sponsored visas will have up to 180 days at a time and 365 days total across their visa grant period to:
- Find a new sponsor,
- Apply for a different visa, or
- Leave Australia.
What Does This Mean for STEM Start-Ups?
These changes are designed to make it easier for innovative businesses to secure top talent while maintaining flexibility for employees. Accredited sponsorship helps reduce administrative barriers and accelerates the process of bringing skilled workers into Australia’s growing STEM sectors.
If your start-up is looking to leverage these opportunities, now is the time to explore how accreditation can support your talent acquisition strategy.
Need Guidance?
Understanding the nuances of sponsorship accreditation and visa processes can be complex. If you have questions or need assistance with your application, feel free to reach out. Let’s work together to help your business thrive in Australia’s dynamic STEM landscape.