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A NEW entrepreneurs’ visa will be introduced by the federal government to lure the world’s brightest technologists to set up in Australia under a “brain gain” policy.

A move to relax immigration requirements will form part of Prime Minister Malcolm Turnbull’s $1 billion innovation policy to be announced today.

With Australia’s digital literacy regressing, permanent residency will also be made easier for overseas students to remain here on finishing science and tech research programs, rather than returning home.

Image: Mr Turnbull has made innovation a key policy area to take to the next election / Picture: Kym Smith