Youth Enterprise Fund - Opportunity for Young People

Who: Under 25's
Where: New Zealand
When: 30 August, 2017
Grant: Your share of $190,000
Deadline: 17 August, 2017

What: Funding targeted at expanding youth enterprise initiatives which support young people to learn and develop entrepreneurial knowledge, skills and competencies.

The Youth Enterprise Fund - Opportunity for Young People is funding designed to support young people to have access to opportunities which will develop their entrepreneurial skills and knowledge to take their entrepreneurial projects and/or enterprise ideas to the next level.


What is the aim of the Youth Enterprise Fund – Opportunity for Young
People?
The Youth Enterprise Fund – Opportunity for Young People, is aimed at supporting young people who have smart and innovative enterprise project and/or ideas to design a new enterprise project, including ones that will make a social and/or environmental difference.
In a rapidly and constantly changing global environment, young people with entrepreneurial
attitudes, behaviours and capabilities are more likely to succeed personally, academically and in business.


How much funding is available?
$190,000 is available each year for the financial years 2017/2018, 2018/2019 and 2019/2020.
What is the funding for?
The funding is to support an individual or group of young people, aged 12 to 24 years, with a new and/or innovative enterprise project and/or enterprise idea.


Can anyone apply to the Youth Enterprise Fund– Opportunity for Young People?
MYD is inviting individuals or groups of young people, aged 12 to 24 years, to make an
Expression of Interest between Monday 31 July and Thursday 17 August.
Through the Expression of Interest process, we want you to briefly tell us about your enterprise
project / enterprise idea and how it fits within the aims and objectives of this fund. 
MYD will review and assess all of the submissions and contact you to discuss your idea further.
Successful proposals will be invited to submit a formal application from 30 August to 30
September 2017. MYD can support you through this process


Can applicants submit more than one application?
No, MYD will only accept one application per applicant/s.


What types of initiatives are eligible for funding?
The Youth Enterprise Fund - Opportunity for Young People is for enterprise projects which make a positive difference to developing young people’s entrepreneurial knowledge, skills and
competencies.


Can this funding be used to support an existing initiative?
No, MYD is seeking new and/or innovative enterprise projects and/or enterprise ideas. However, if you already have an existing successful enterprise we will support you to help you expand your business into new and/or innovative areas.


How are funding decisions made?
MYD will be accepting Expressions of Interest from young people from 31 July until 17 August
2017. Successful Expressions of Interests will then be asked to submit an application providing
more information on their project. Applications will be assessed against for following criteria:

  • innovation and viability of the enterprise project
  • potential for sustainability and growth
  • potential for social and/or environmental impact
  • value for money and learning impact.
  • Applications for funding will be open from 30 August to 30 September 2017.

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