The first global impact visas will be available for people wanting to start innovation based business ventures from early in 2017, it has been confirmed.
Immigration New Zealand (INZ) will partner with the Edmund Hillary Fellowship to deliver the attraction, selection and integration programme for the new visa stream in what will be a four year pilot.
The Government announced earlier in 2016 that the new visa steam would be introduced in partnership with the private sector to attract high impact entrepreneurs, investors and start up business to New Zealand.
Immigration Minister Michael Woodhouse confirmed that the Edmund Hillary Fellowship (EHF) has been selected as the private sector provider to deliver the programme.
‘EHF will identify potential applicants and build a regional network which will support participants across the country, while INZ will be responsible for processing and making decisions on visas,’ said Woodhouse.
He explained that the EHF is a collaboration between the Hillary Institute for International Leadership, a not for profit organisation that identifies and celebrates mid-career leaders from around the world and Kiwi Connect, an organisation promoting and connecting high impact entrepreneurship in New Zealand.
‘These partners have an exceptional combined record of recognising, rewarding and nurturing emerging entrepreneurs and leaders. By drawing on private sector strengths and knowledge in this space, the government is better positioned to accelerate innovation and continue to grow the contribution migrants make to the economy,’ added Woodhouse.
He also confirmed that the visa will run as a four-year pilot and be limited to 400 visas over the duration of the pilot. In addition, up to 80 New Zealand entrepreneurs and investors will be accepted into EHF over the four years, providing the opportunity for collaboration between GIVs migrants and New Zealand entrepreneurs and investors.
The programme will open for applications in early 2017 with the first GIVs holders expected to arrive in New Zealand later in the year.