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10 Million Fund for supporting new solutions in unemployement

March 2018, 12
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The New South Wales Government has introduced a $10 million fund for helping many young people in the age bracket between 15-24 years to enter the job market and receive proper training.

The Youth Employment Innovation Challenge aims to provide professional and financial mentoring support, using the Innovation Launch program of the government, for helping in the development of new ideas, meant for young people to enter the job market.

A $10 million fund will support innovative solutions, and bright ideas, among young people, to seek jobs in areas, where there is large-scale youth unemployment. The areas included are Shoalhaven, Illawarra, Western Sydney, Southern Highlands, Central Coast, New England, North West, Hunter, and the North Coast.

Funds will be demarcated for new ideas, or for the growth of existing programs, which are working in a healthy manner, in local communities, and which can be enlarged and used in other areas.

Applications are invited for this Challenge from 9th March 2018 to 10th April 2018 and the shortlisted applicants will receive coaching on the ideas before a Shark Tank Style Pitch Event scheduled to be held in Sydney on 10th May 2018.

The selected Finalists will take part in the Incubation Program, where assistance will be provided to them, for developing their ideas and business models.

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