There are a number of basic requirements that applicants must meet in order to be considered for the program. While this is not a comprehensive list of all eligibility criteria, it does give a good idea of the minimum standards applicants must meet:
Age
You must be under 50 years of age when you apply.
English language
You should have sufficient ability in the English language to work in Australia (at least at competent level). This is measured through the International English Language Testing System
Qualifications
You must have your skills and qualifications assessed by the relevant assessing authority as suitable for your nominated occupation.
Nominated occupation
When you apply you nominate a skilled occupation, which fits your skills and qualifications.
Skills assessment
Before you apply, you must have your skills assessed by the Australian assessing authority designated to assess your nominated occupation.
Health assessment
You must undergo a medical assessment, and show that you are in reasonably good health.
Character assessment
You must be of good character, usually this means a criminal record check.
Total processing fees are quite high (starting from USD 25 000), process is not simple and can take a while.
Relatively easy to get Business Innovation visa to Australia. Process takes several months and costs are around 80 000 USD.