In July and August of 2017, Startup Muster surveyed over 2000 respondents, including startup founders, future founders, and startup supporters (such as incubators, accelerators, mentors, investors, and coworking space owners). Of particular interest is that the survey determined that 35.7% of founders and 37.7% of future founders were born outside of Australia. Over 46% of existing founders moved to Australia between 5 and 15 years ago.
Evidently non-Australian Nationals represent an important sect of the startup scene, so when changes were announced to replace the 457 visa with the Temporary Skills Shortage (TSS) visa, many voiced their concerns about the negative impact this could have on startup culture down under. The survey found that 16.1% of startups have at least one current employee on a working visa, with 7.9% on a 457 visa.
The TSS visa came into effect March 2018, so the impact of the changes remains to be fully seen. What is clear is that non-Australians are an important part of startup culture in Australia, and this is not expected to change. As more future founders start their businesses in the years to come, the need to continue filling skills deficits with talent from overseas will keep growing. If you are an entrepreneur or a skilled worker seeking more clarity on what visa stream best suits your needs, please do not hesitate to get in touch so we can help.