A new “Global Talent Scheme” visa has aimed to attract highly skilled migrants to our shores from start-up hot spots such as Silicon Valley, Austin, Texas and Tel-Aviv.

The visa was aimed at people in the science, technology, engineering and mathematics professions and was said to be a game changer for many young Australian companies.

Alex McCauley, chief executive of start-up advocacy group, ‘StartupAus’, said that the scheme will allow Australian start up companies to compete on the global stage.