Migrant investors could provide support to universities
Wealthy migrant investors could provide much-needed support to struggling universities and the return of international students, Atlas Advisors Australia said.
According to Atlas’ executive chairman, Guy Hedley, the investment network of the Business Innovation and Investment Program (BIIP), which aimed at enhancing economic and social outcomes by directing funds to priority sectors, should be restructured in a way to offer priority to high net worth migrant investors who could provide long-term sources of funding.
Hedley said revamping the BIIP complying investment framework to channel more funds towards critical research, positions and projects matched the strategic focus of universities and the Australian Government towards international education.
“Reopening applications under the BIIP could immediately unlock millions of dollars in available funds to support universities to recover and grow in a post-COVID-19 economy,” he said.
“Wealthy migrant investors could play a greater role in making up for the loss of international students and strengthening the capabilities of our universities to build better ties to the rest of the world.”
Geoff Waring, Stoic Venture Capital managing partner – investments, which united with Atlas Advisors to call for greater funding under the BIIP for universities and venture capital, said: “Many Australian startups that could go on to become industry leaders have emerged from research conducted in university laboratories,”
According to him, revamping the complying investment framework should prioritise capital constrained companies rather than support more mature companies and assets reconfigures immigration policy to address the gaps in capital markets.
AUTHOR
Oksana Patron
Recommended for you
The RBA has made its latest interest rate decision at the the final monetary policy meeting of 2025.
State Street is actively seeking to launch ETFs in the Australian government, corporate and high yield bond space next year in order to capitalise on the phase-out of AT1 hybrids.
Greater consistency across the ASIC adviser exam has helped boost the number of first-time candidates this year with many opting to sit before undertaking a Professional Year.
Financial advice practice Eureka Whittaker Macnaught is in the process of acquiring three firms to boost its annual revenue to $25 million.
