Why Australian students are leading the way on entrepreneurship opportunities
The global trend for students starting their own business is moving to Australia.
In a bid to increase the country’s ability to attract and retain talent from around the world, Australia is introducing a new government-funded scheme to help Australian students enter the startup industry.
The initiative is aimed at helping young Australians to launch and scale their own businesses.
Under the initiative, which was announced by the Minister for Higher Education, Skills and Skills Development and Minister for Business, Innovation and Employment, students from eligible high schools will be eligible to apply for up to $2,500 in grants to start a small business in their area.
Students are also eligible to receive $1,500 for up or to the first five months of their business, and $1.5,000 for the first three months.
Applications will open on September 30, and students will be notified by October 1.
More than 1,000 students will have applied by October 31, and the first grant allocation will be made to 25 students in a region from September to December.
While many students may be aware of the Australian entrepreneurial spirit, they may not know how to apply.
Aspiring entrepreneurs will need to work with their school to learn how to operate and grow their businesses.
It’s the perfect opportunity to get to know your local community, learn the basics of business and create a new business.
“Our government’s funding will provide our students with a unique opportunity to access the knowledge, experience and skills they need to start and scale businesses.”
We are working to give them the knowledge and tools to get them off the ground.
“Read more about the Startup Business Australia program here.
Student entrepreneurs will be able to apply to the program for the following reasons:The startup business is a start-up, or has already started.
Students are interested in starting a business, are interested and have the skills to start their own company.
Students will have to register with the Student Entrepreneurship Service before applying, but it’s important to know that it will take approximately two weeks to complete.
Read more here.