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Through a consortium with Northern
Melbourne Institute of TAFE (NMIT), the Incubator delivers the
New Enterprise Incentive Scheme (NEIS) Program to eligible
persons in Melbourne's northern suburbs.
NEIS is a Commonwealth Government funded program administered
through Australian Employment Services. It provides help
to unemployed persons to start a small business.
The help includes:
- 6 weeks Training in small business management, business
skills and business plan development. Delivered through accredited
competency based training for completion of Certificate IV
Business (Small Business Management) - Course BSB 40401.
Training is conducted at NMIT Preston campus.
- Income support for up to 52 weeks.(NEIS Allowance of
approximately $9,000 per annum paid in fortnightly
installments)
- Business advice and mentor support during the first year
of business operation.
NEIS will help you develop a business plan
as part of your training. The business plan needs to be approved
before you can start your business with NEIS assistance.
The business plan will assist you if you
need to approach banks or credit unions for finance. However, NEIS
will not provide you with start-up funds in the form of loans or
grants.
To participate in NEIS you must:
- Be 18 years or older.
- Be registered as unemployed with Centrelink.
- Be receiving a qualifying income support payment.
- Not be an undischarged bankrupt.
- Not have received NEIS assistance in the previous 2 years.
Your business must:
- Not have operated on a commercial basis before.
- Be independent, lawful and reputable.
- Not compete directly with an existing business unless an
unsatisfied demand for your product or service can be shown.
- Not involve the purchase or take-over of an existing
business
To obtain an
application form and more information on the program email your
contact details to NEIS in the North Alternatively, 'phone 03 9499 9100.
Persons out of the region should contact
their local Job Network to obtain the details of their nearest NEIS
Provider.
Click below to log into the Australian Employment Services link to
your local NEIS Provider
Australian Employment Services NEIS link
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A recent (2007) partnership between the
National NEIS Association and the National Bank of Australia (NAB)
provides for UNSECURED LOANS $500 - $20,000 for eligible
NEIS graduates. NEIS graduates should contact their NEIS
provider for further information.
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