A PROGRAM helping young entrepreneurs grow their business ventures began with an ideation day in Midland earlier this month.
New Enterprise Initiative Scheme (NEIS) mentor Kim Veale said the one-day workshop held at the town hall on May 11 gave participants a chance to explore their business ideas and get a taste of what the three week Prodigy Young Entrepreneurs Program would deliver.
“The Prodigy Program focuses on developing entrepreneurial skills to either make people more employable or to be able to start their own business and be self-employed,” Mrs Veale said.
“The reason why we’re focusing on youth is because studies are showing youth unemployment is rising in certain areas around Perth and it’s not just people who are leaving school, it’s graduates, people are coming out with certain skills and qualifications but then don’t always find it easy to find a job.”
The initiative, a partnership with the City of Swan and Business Foundations, gives those who are eligible access to free accredited training and is an offshoot of the NEIS program.
“What we find is a lot of people have a few different ideas and as we discuss them and get clarity one will stand out as being the one that is most likely to be a viable business,” Mrs Veale said.
“After that idea, they then need the tools and knowledge to get that idea off the ground and that’s what that three-week course does.
“In the past we’ve had some interesting ideas, a guy who came to one of our ideation workshops, he loves doing magic shows and really wants to make a business as an entertainer doing magic shows and card tricks and that sort of stuff, and after hearing his idea there was certainly a viable business model there.”
She said if business plans are viable people can then go on to the full NEIS program which includes 12 months of mentoring and a NEIS allowance for those who are eligible.
The program, funded by the Department of Employment, is designed for those aged 18 to 25 and is for people not in education, formal training or employment.
Visit businessfoundations.com.au or email firstname.lastname@example.org.