Your business concept must promote innovation and new technology or enhance industry capability and:

• be an untested or unknown business model or;
• include the ability to scale up and down without significant human resources

When considering proposals, Migration Tasmania will also give high regard to the following:

1. Activity related to one or more of the following sectors
   • renewable energy (including hydrogen and bioenergy).
   • bio renewal/waste recycling (including circular economy)
   • defence and space
   • aquatech, agtech and marinetech
   • robotics, advanced and additive manufacturing
   • digital technology, including cyber security, big data, blockchain and lot of internet of things)
   • health and medical technology, particularly those that support current research projects (i.e. dementia, population health studies, survival in extreme environments)
   • creative industries.
2. The business concept demonstrates a clear, competitive advantage, genuine innovation, novel intellectual property, or high barriers to entry.
3. Entrepreneurs with higher academic degrees such as master’s degrees and/or PhDs relevant to the proposed entrepreneurial activity.
4. The business concept has strong potential to create local employment, new skills and/or export revenue for Tasmania.

Exclusions: 
Proposals related to the following business areas will generally be excluded under the Entrepreneur stream:

• cafés and restaurants
• consulting firms/companies
• employment agencies
• export/import businesses/companies
• franchises
• foot reflexology
• massage parlours
• acupuncture
• traditional Chinese medicine
• herbal dispensing
• geomancy/Fengshui
• retail
• residential real estate or labour-hire
• purchase of an existing business or franchise.