How to Start a New Business in Australia through the NEIS Programme?

Do you have a business idea?

But, do not know how to implement it!!

Why don’t you go for the New Enterprise Incentive Scheme (NEIS)!!!

NEIS (New Enterprise Incentive Scheme) is a training, advice and income support program that is part of the Government Funded Courses. This program is available to anyone who is eligible for Centrelink benefit in Australia. The participants of the program get training, mentoring and income support for 12 months to start a small business.

What is NEIS?

Basically, this program is aimed to assist unemployed people who would like to explore the opportunities of starting their own business instead of working for someone else. Major facets of the NEIS programme are:

• A short 4-5 week course on small business management and planning to equip individuals with necessary business skills to start a new small business

• Financial support for 12 months

• Mentoring and assistance to guide the individuals through starting and managing a new business

Through such initiatives the Australian government provides excellent employment opportunity to people who would like to start a new business, but don't have enough knowledge or support to begin.

One of the most necessary requirements for someone to be a part of the NEIS programme is that you must not have availed this benefit earlier. And, if you are unemployed you might be able to apply for the NEIS Allowance through Centrelink.

For completing the program you’ll have to select a suitable course, you can either opt for Certificate III in Business Operations or a Certificate IV in Business Management. After completing the programme, you’ll gain a better understanding on how to start and run your business!!!