Page 237 - Are You Future Ready?

Chapter Four - Right People

from 1995 to 2005, one in four technology startups
in the United States were established by foreign-born

entrepreneurs, immigrant inventors owned patents twice
as much as that of the local born Americans.

Australia & Canada fight for talent

The world is competing for talent. Australia’s new pilot
scheme launched in 2018 intended to attract highly skilled
talent globally. Canada also updated its Global Skills
Strategy in 2017. 235

Australia’s Global Talent Scheme allows two types of
companies to recruit foreign talents: (1) technology-
based or STEM (science, technology, engineering, and

mathematics) related startups which must be recognised
by the government; (2) Enterprises with an annual turnover
of Aus$4 million (about HK$24 million) may also sponsor
overseas experienced professionals (annual income of

Aus$180,000 or approximately HK$1.07 million at least).
These visas last for four years, and the recipient can apply
for permanent residency in the third year. A one-year trial
will be conducted from mid 2018.