Entrepreneurs’ Programme in a snapshot
Recently Mark Roberts and Tania Uren discussed the Australian Government’s National Innovation & Science Agenda and what this means for business. As part of the agenda, the Government has introduced the Entrepreneurs’ Programme, an initiative for business competitiveness and productivity at the firm level.
The programme offers a comprehensive business evaluation to an eligible firm, designed to boost business competiveness and productivity, offering business support through accelerating commercialisation, business management, and innovation connections.
The programme also forms part of the Australian Government’s broader Economic Action Strategy to initiate economic improvements, the programme aims to make the most of Australia’s strengths and business opportunities.
What does the programme offer?
An eligible firm will receive a free comprehensive evaluation by a business advisor to identify a firm’s:
- Strengths and weaknesses
- Strategic business issues
- Potential areas for business improvement, and
- Potential areas for growth
If business improvement or change recommendations require external service provider costs, the programme will reimburse a firm for 50 per cent of the costs of engaging the service provider to a maximum reimbursement of $20,000.
Is my business eligible?
To be eligible for the programme, a business must:
- Have an Australian Company Number (ACN)
- Have turnover (or annual expenditure) of between $1.5 million and $100 million in the current or previous two financial years
- Be solvent
- Have been trading for the past three years (i.e. have filed Business Activity Statements for the last three consecutive years)
- Not have received a Business Review previously, and
- Operate in certain defined sectors (see website for more details).
How do I apply?
You can lodge an application online here. Applications take around 15 minutes and if you’re business is eligible, you will be notified within approximately three to four working days.
Where can i find out more?
For more information on the entrepreneurs’ Programme, click here.