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Introduction to Global Impact Visas and the Edmund Hillary Fellowship CCH - May 2017

1. Introduction to Global Impact Visas and the Edmund Hillary Fellowship CCH - May 2017. Why did we introduce Global Impact Visas? Bringing in high-impact, innovative entrepreneurs with the potential to make New Zealand an innovation leader. Fitting round pegs into square holes

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Introduction to Global Impact Visas and the Edmund Hillary Fellowship CCH - May 2017

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  2. Introduction to Global Impact Visas and the Edmund Hillary FellowshipCCH - May 2017

  3. Why did we introduce Global Impact Visas? • Bringing in high-impact, innovative entrepreneurs with the potential to make New Zealand an innovation leader. • Fitting round pegs into square holes • A flexible policy that: • Recognises an individual’s strengths and value • Can change as the world and NZ changes • Reflects entrepreneurial environment • Private Sector Lead, Government Enabled • Quality driven through small numbers

  4. Who is GIVs for? Investors, catalysts, influencers, mentors • Innovative Entrepreneurs who create global impact ventures. Both experienced entrepreneurs and those with potential. • Investors with entrepreneurial experience to invest in growing the innovation ecosystem in NZ. • Thought leaders and network mobilisers pushing new ways of thinking and connect NZ ecosystem with global hubs. 20% 80% Entrepreneurs, pioneers, new paradigm builders

  5. Global Impact Visa Criteria • Global Impact Work Visa (BG2) • Acceptance into EHF • Acceptable standard of health and character • High level of English language proficiency (equivalent to IELTS 6.5) • Sufficient maintenance funds • Any funds to be invested in New Zealand were legally acquired (for investors) • Global Impact Permanent Resident Visa (BG3) • Held Global Impact Work Visa for 30 months • Still have support of Edmund Hillary Fellowship • Still meet health, character and fit and proper person requirements • Haven’t been granted welfare assistance

  6. Four Year Pilot – up to 400 visas • INZ and EHF partnership – leveraging strengths Global Impact Work Visa(3 years) issued to those who meet immigration requirements Permanent resident visasgranted to those are supported by the fellowship and meet INZ requirements Attractionof High Impact Investors and Entrepreneurs Selection of top 50 international candidates and 10 NZ candidates every 6 months by a panel of experts Successful visa recipients enter EHF as cohorts. EHF provides ongoing support in NZ and abroad for 3 years EHF responsible for INZ responsible for

  7. EHF selection process Candidate applies Interviews Reference checks Cohort acceptances 1 Feb - 30 Apr 17 Early June 2017 Mid-June 2017 1 July 2017 Expert panel evaluations & first filter Background research & second filter Cohort design & independent selection panel decision

  8. Selection Criteria • Personal qualities of the applicant (individual or team) Skills and capabilities Network and connections References and endorsements • Alignment with EHF values • Applicant’s work - ventures or investments The impact potential of the work--both global impact and impact on New Zealand Scalability and longevity of the project Ability to execute, with sufficient resources and backing • Ability to succeed in New Zealand Viability of initiative in New Zealand Interest in being involved with New Zealand for the long-term • Cohort diversity

  9. What our Fellows will achieve... Build global impact ventures Connect New Zealand startups with global hubs Influence with new ways of thinking Invest capital and time Attract more talent and capital to accelerate growth 9

  10. Want to know more? www.ehf.org Yoseph Ayele Chief Executive www.immigration.govt.nz Jen Anderson Principal Advisor – Skills and Investment 021841235 Jennifer.anderson@mbie.govt.nz

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