Sixty-one percent of Australia's top 50 startups were founded by immigrants or Watch Peaky Blinderschildren of immigrants, according to the 2016 StartupAUS Crossroads report.
Despite this, the local tech industry is up against strong headwinds from the government when it comes to hiring skilled technology workers from overseas.
SEE ALSO: Too many mental health apps put style over substanceIn recent weeks, both major political parties have proposed tougher restrictions on Australia's 457 visa system, which allows businesses to sponsor skilled foreign workers for up to four years.
The timing, so soon after the election of the outspokenly anti-immigrant President-elect Donald Trump in the U.S., has shades of political opportunism. It also comes amid the increasing power of the right wing One Nation party locally, sending ministers stumbling to "put Australia first."
In November, Immigration Minister Peter Dutton announced that the amount of time a 457 visa holder may remain in Australia after their employment ends would be reduced from 90 days to 60 days.
"This change is about reducing competition from overseas workers for those Australians who are actively looking for work," he said in a statement.
"Where there is an Australian worker ready, willing and able to perform a role it is the Government's policy that they have priority."
The Crossroads Report, an annual review of Australia's startup ecosystem, made its position clear this Thursday: Australia needs more openness when it comes to skilled IT immigration, not less.
The report argues for the improvement and promotion of the Entrepreneur Visa, which is open to founders with at least A$200,000 in third party funding for their idea, as well as relaxing restrictions on 457 visas for startups.
"We have the necessary raw ingredients to become a major technology player globally."
"Currently the administrative challenges associated with obtaining 457 visas are impeding efforts of young Australian tech companies to recruit skilled IT workers," the report said.
Given the young age of the Australian tech ecosystem, if we want more people with 10 years of startup expertise, we have to import them.
"We need people with entrepreneurial skills and people with STEM skills, but also people with experience," Alex Gruszka, head of data and insights at StartupAUS, told Mashable.
As he pointed out, 82 percent of founders among Australia's top 50 startups had previously started a company.
The group want to see 457 visas made effective for startups, as well as the elimination of some of the barriers to obtaining an Entrepreneur Visa.
"The wait for the Entrepreneur Visa is extremely long," he suggested. "That's simply not at all competitive with the international scene."
The cofounder of software heavyweight Atlassian, Mike Cannon-Brookes, has also been outspoken on the issue, warning that those seeking to use anti-migration sentiment for political ends would end up damaging companies like his own.
Speaking to the Australian, he said Australian tech companies need specific IT skills Australia's own education pipeline is not yet placed to supply.
"The biggest single thing we lack is senior technical talent with deep expertise in the volumes that we need for the industry to keep growing," he explained. "Every single startup (in Australia) has very similar problems when they start to scale."
The outlet reported that 25 percent of Atlassian's Australian workforce are on 457 visas.
Gruszka was optimistic the government would be open to supporting high skilled tech immigration. He pointed to the introduction of the Entrepreneur Visa in September as a first good step.
"It's a sign that they recognise, despite any political issues, at least in this sector, there is openness to attracting that sort of talent," he said.
Among other recommendations, the report also suggests the government create a national innovation agency as well as better R&D tax incentives.
Flight Paths by Omar El AkkadGmail: Google is reportedly adding an AI voice featureBarneys Fantasia by Adrienne RaphelA new Pope has been chosen. Here's what his X posts say about him.Jamaica Kincaid’s Rope of Live Wires by Maya BinyamRita Bullwinkel, Fiction by Rita BullwinkelAnnouncing the Winners of 92Y's 2022 Discovery Contest by The Paris ReviewOn Thomas Bernhard and Girls Online by The Paris Review2024 Oscar nominations: See the full listRedux: Like No One Else by The Paris ReviewWhatsApp: New AirDropOn Liberated Women Looking for Love by The Paris ReviewOther People's Diaries by Sophie HaigneyPostcards from Ellsworth by Rebecca BengalWhy is everyone freaking out about the posters in 'True Detective: Night Country'?Sheila Heti and Kathryn Scanlan Recommend by The Paris ReviewDiary, 2018 by Elisa GonzalezOn Penumbra, Caio Fernando Abreu, and Alain Mabanckou by The Paris ReviewHow to reopen closed tabsNew Eyes by Charlie Lee NASA rover captures an aurora from Mars surface for the first time Best Apple MacBook deal: Grab the new M4 MacBook Air for $150 off 89 million Steam accounts reportedly leaked [Updated] Best laptop deal: Save 32% on the 16 Best Apple deal: Save $70 on Apple Watch Series 10 (GPS, 46mm) Webb discovers a distant moon has an intriguing similarity to Earth Best robot vacuum deal: Save $140 on roborock Q7 Max Robot Vacuum Dame removes 'Trump tariff surcharge' amid trade deal Sony may raise the PS5's price to counter tariffs NYT Connections hints and answers for May 14: Tips to solve 'Connections' #703. How Black Girls Code is preparing underrepresented kids for the AI revolution NYT Strands hints, answers for May 14 Philips now allows customers to 3D print replacement parts Best free online courses from MIT Narwal Freo Z10: $200 off at Amazon Best TV deal: Save $100 on Amazon Fire TV 4 Best gaming deal: Preorder Elden Ring Nightreign for just $31.99 at Newegg Best JBL deal: Save $10 on JBL Go 4 at Amazon Best Beats deal: Save $50 on Beats Pill Best Apple deal: Save $69.01 on Apple AirPods Max (USB
2.3778s , 10129.9609375 kb
Copyright © 2025 Powered by 【Watch Peaky Blinders】,Fresh Information Network