MIGRANT INNOVATION NORTHERN TERRITORY PROGRAM
A unique opportunity to invest in innovation and migrate to Australia
The Migrant Innovation Northern Territory (MINT) program assists overseas nationals who have demonstrated their commitment to being involved in the region’s innovation hub and start up incubator, the Darwin Innovation Hub (DIH), to apply for Australian permanent residency.
The first MINT program is now successfully complete, resulting in the Paspalis Innovation Investment Fund (“Fund”) being opened and raising close to $25m establishing the first venture capital fund in the Northern Territory. The Fund is now a member fund of the Australian Venture Capital Association Limited.
FUTURE MINT PROGRAMS
Following the very strong interest in the 2017 / 2018 MINT program the Fund is still finalising investment applications for its first year’s program.
The first MINT program is now successfully complete resulting in the opening of the Paspalis Innovation Investment Fund (“Fund”). The Fund has already raised close to $25m establishing the first venture capital fund in the Northern Territory. The Fund is a member of the Australian Venture Capital Association Limited.
The MINT pilot program was established and operated with the support of the Northern Territory Government. Now that the pilot program has been completed, the Northern Territory Government is reviewing the program and has not yet announced a future program. When further information is available about any future programs, the DIH will post this information on this website.
HOW TO ACCESS MINT
The MINT program is currently closed and MINT places for financial year ending 30 June 2018 are now full.
HOW TO BECOME A
PANEL AGENT / LAWYER FOR MINT
Panel application for 2018-19 fiscal year now closed!
Please monitor this web page for new information about MINT.
Thank you for your interest in being considered as an approved migration agent/lawyer for the MINT program.
In late June 2018, the DIH released an expression of interest for migration agents seeking to apply to be accepted to the panel of migration agents for the next MINT program.
If you are an agent who has expressed your interest, we will provide you more information concerning the application process and selection criteria after the Northern Territory Government provides us with further information concerning the next MINT program.
If you have any further queries, please contact us.
MIGRATION CONCIERGE SERVICE
Migration Concierge
Angela McVeigh
We can assist with your relocation to Darwin
with a full migration concierge service
Services Include:
- Accommodation sourcing
- Residential lease facilitation
- Airport meet & transfer
- Vehicle sourcing (as needed)
- Welcome to NT pack
- Induction to Darwin Life
- Mandarin speaking team members
- 1 month complimentary use of DIH hot desk co-working space (including wi-fi and lounge privileges)
WHY INVEST IN THE NT?
The Northern Territory
is a region of opportunity, with unique resources and circumstances that inspire creativity and innovation
Agribusiness & Aquaculture
World class Barramundi, tropical fruits, pearls and crocodile leather products
Infrastructure
Projects ranging across roads, rail, water, electricity, ports, aviation and communications.
Oil and Gas
Darwin is supply and production base to many oil and gas fields
Tourism
The Northern Territory’s close proximity to Asia and natural attractions, appeals to Asia’s growing middle classes
Health, Education & Research
Charles Darwin University offers world-class education and state of the art research facilities
Mining
From bauxite and uranium in the north east, to zinc, lead and silver in the Gulf region, to gold in the centre and west, prospectivity in the Northern Territory is strong.
Supply & Service Industries
Servicing and supporting an expanding export market whose energy supply chain starts in the Northern Territory
FAQs
Frequently Asked Questions
What is the eligibility criteria for nomination by the Northern Territory’s Department of Trade, Business and Innovation for a visa through the Commonwealth Government’s Business Innovation and Investment Program or the General Skilled Migration Program?
The current eligibility criteria to receive a nomination from the Department of Trade, Business and Innovation (Department) for a visa through the Commonwealth Government’s Business Innovation and Investment Program (Business Innovation and Investment Visa) and General Skilled Migration Program (General Skilled Migration Visa) is publicly available by contacting the Department officers on 08 8999 5264 or migration@nt.gov.au
Has the eligibility criteria changed since the program started in January 2017?
Yes, the Department has made two minor changes to the eligibility criteria to receive nomination.
These changes were only applied to applications received by the Department after the date of the change. Any existing application was assessed on the basis of the eligibility criteria that applied at the date they submitted their application to the Department. As such, no existing application was affected or disadvantaged by the change.
Did the Department notify my migration agent about changes to the eligibility criteria?
Yes. The Department providedconsiderable guidance regarding the eligibility criteria for MINT program applicants and approved migration agents in advance of the changes being made. This included notifying all approved migration agents, either directly or via Paspalis, of the new criteria applicable to prospective applicants, provision of written materials and conducting training sessions for approved migration agents.
Who assesses my application?
All visa applications are assessed exclusively by the Department in an objective manner on the basis of publicly available eligibility criteria.
Neither Paspalis nor your agent have the ability to influence the eligibility criteria or the Department’s assessment of applications for nomination.
My application has been rejected.
Applications are assessed based on the eligibility criteria at the date the application is submitted to the Department. Your application will not be affected by any changes to eligibility criteria after this date. It is important to make full, complete and accurate disclosures in your application.
Please contact the Department to request details of the reasons why your application has been rejected.
I have a complaint about my migration agent.
Any participant of the MINT Program who is concerned that they have been misled by their approved migration agent should contact Paspalis to discuss those concerns further.
Alternatively the Office of the Migration Agents Registration Authority (MARA) regulates the migration advice profession, which includes investigating complaints. https://www.mara.gov.au/
Disclaimer: This web page and downloadable flyers are provided to you for information purposes only. It does not constitute an offer or invitation to purchase or subscribe for interests in the Fund. Any financial product advice given is of a general nature only. The information has been provided without taking into account the investment objective, financial situation or needs of any particular investor. Therefore, before acting on the information contained in this flyer you should seek professional advice and consider whether the information is appropriate in light of your objectives, financial situation and needs. There is no guarantee of the performance of the Fund, the repayment of any capital or any rate of return. Any statements of intent and opinion and forward looking statements are subject to a range of factors and may or may not be realised or be accurate. Investing in any financial product is subject to investment risk including possible loss. The information on this web page is based on information provided that may not have been verified. We believe that the information is reliable but do not guarantee its accuracy or completeness. This information is only intended for the persons to whom it is given and who qualify as ‘wholesale clients’ under section 761G(7) of the Corporations Act 2001 (Cth). Paspalis Asset Management Pty Ltd ACN 086 738 301 authorised representative of One Investment Administration Ltd ACN 072 899 060 AFSL No. 225064. The trustee of the Fund is One Funds Management Limited ACN 117 797 403 AFSL No. 300337.
