Money, Business and Finance

Australia Encouraging More Young People to Become Entrepreneurs

by Ray Clancy on January 11, 2017

in Australia, General Information, Jobs in Australia, Money, Business and Finance

Australia has an entrepreneur visa for people from overseas wanting to invest in a new business, and now it wants young people already in the country to consider setting up an enterprise. The Encouraging Entrepreneurship and Self-Employment initiative has been launched to encourage young people to start their own business.

Employment Minister Michaelia Cash says the initiative will provide practical support to young people who want to turn their business idea into reality and create a job for themselves and other Australians.

Computer‘Self-employment and entrepreneurship are real options for young people who are unemployed, but only a small number of them choose to pursue such opportunities,’ she said.

The initiative includes a new website called SelfStart which acts as a beginning point for young people who wish to explore and develop their ideas into a successful business. It aims to connect entrepreneurs to existing services and programmes as well as provide information that will assist them in starting their business.

There will be Exploring Being My Own Boss workshops which are designed to engage potential entrepreneurs and provide them with a taste of what is involved in self-employment and entrepreneurship. Workshops will be delivered nationally by existing New Enterprise Incentive Scheme (NEIS) providers, with 1,000 places available each year.

Entrepreneurship facilitators will be located in Cairns, Hunter and Launceston in Tasmania to provide extra help in three regions experiencing high rates of youth unemployment and low rates of youth self-employment. The facilitators will promote entrepreneurship and self-employment and support potential entrepreneurs to establish their own businesses, including connecting them to existing services and programmes.

New Enterprise Incentive Schemes (NEIS) will be expanded to help to create more places where young people can be trained and mentored on how to start their own business. Cash says an extra 2,300 NEIS places will be funded each year, making a total of 8,600 places available annually.

The eligibility criteria for NEIS will also be broadened to allow job seekers who are not in employment, education or training, including those who are not on income support, to access the scheme

‘While these measures are primarily focused on young job seekers, people of all ages and backgrounds seeking assistance to start their own business may access them provided all other eligibility requirements are met,’ Cash says.

{ 0 comments }

Thumbnail image for Australia urged to do more to attract technology entrepreneurs

Australia urged to do more to attract technology entrepreneurs

December 8, 2016 Money, Business and Finance

There is an ongoing debate in Australia as to how much immigrants give to the country, but now a new report says they should be encouraged as they give far more than many people think. Indeed, some 61% of Australia’s top 50 startup businesses were founded by immigrants or children of immigrants, according to a […]

Read the full article →
Thumbnail image for New fund to link Australia business with researchers around the world

New fund to link Australia business with researchers around the world

August 29, 2016 Money, Business and Finance

Researchers around the world looking to work with Australian businesses should find it easier to do so with the announcement of a new fund by the Australian Government. The bridging grants component of the Global Connections Fund encourages eligible businesses and researchers work together to gain a competitive edge in the global market place. According […]

Read the full article →
Thumbnail image for Top company bosses in Australia optimistic about economic outlook

Top company bosses in Australia optimistic about economic outlook

July 13, 2016 Jobs in Australia

The vast majority of top company bosses in Australia are optimistic about economic growth compared to their counterparts in other countries, new research has found. Some 92% of Australian chief executive officers are upbeat on the outlook for global economic growth outlook and 72% believe that the next three years will be more critical than […]

Read the full article →
Thumbnail image for Business activity growing in Australia but for many salaries are not

Business activity growing in Australia but for many salaries are not

June 15, 2016 Jobs in Australia

The jobs market outlook in Australia is positive but the chances of getting a decent salary increase less so, according to the latest research. Some 66% of employers will increase salaries by less than 3% when they next review and a further 12% expect to offer no increases, says the latest Salary Guide from Hays […]

Read the full article →
Thumbnail image for Latest research shows surge in interest in Australia from Japan

Latest research shows surge in interest in Australia from Japan

June 13, 2016 Australia Travel

Japanese visitors to Australia were up almost 50% and Chinese visitors up almost a third in April compared to the same month in 2015. Overall, Australia welcomed 610,800 international visitor arrivals during April, an increase of 10.6%, the fourth consecutive month of double digit growth in international visitor arrivals this year. Alongside those visiting Australia […]

Read the full article →
Thumbnail image for Australians love their aviation industry, new research shows

Australians love their aviation industry, new research shows

June 1, 2016 Australia Travel

Australia is known for many things including beaches, weather, kangaroos and koalas but it would seem that what many Australians like is the country’s aviation industry. New research has found that 46% of Australians want to work in the aviation sector including both men and women, all age groups and in every state apart from […]

Read the full article →
Thumbnail image for New faster trade programme announced in Australia

New faster trade programme announced in Australia

May 3, 2016 Money, Business and Finance

Doing trade with Australia is set to become faster and more streamlined with the unveiling of a $70 million programme creating a trusted trader environment. The Australian Trusted Trader (ATT) programme, a partnership between Government and private industry, is aimed at enhancing trade by improving the international competitiveness of Australian businesses. The Minister for Immigration […]

Read the full article →
Thumbnail image for Australian business events sector welcomes new visa arrangements for Chinese

Australian business events sector welcomes new visa arrangements for Chinese

April 27, 2016 Australia Travel

The introduction of online visa applications for Chinese people in Mandarin is being hailed as a positive step and one that is likely to result in an increase in visitors for both work and leisure. It is the first time that applications will be able to take place in a language other than English and […]

Read the full article →
Thumbnail image for Economic and jobs growth continuing in Australia

Economic and jobs growth continuing in Australia

April 14, 2016 Jobs in Australia

There have been concerns about the slowing economy in Australia but experts say that the underlying strength and resilience means the outlook for jobs and growth are there. The latest figures from the Australian Bureau of Statistics (ABS) show that the seasonally adjusted unemployment rate fell by 0.1% to 5.7% in March 2016 and seasonally […]

Read the full article →
Thumbnail image for Business relationship between Australia and UK boosted with worlds first agreement

Business relationship between Australia and UK boosted with worlds first agreement

March 25, 2016 Money, Business and Finance

The relationship between Australia and the UK is a long and historic one and now the two countries are marking a world first with an agreement to support innovative businesses. Under the agreement the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) will refer to one another those innovative businesses […]

Read the full article →