Entrepreneurs create their own employment.
The New Enterprise Investment Scheme (NEIS) run for unemployed entrepreneurs should be run by incubator and accelerator groups. Start up individuals and businesses will get better support, and get properly imbedded in the start up business ecosystem. Whilst every business idea won't qualify as a traditional start up in terms of scaleability, it would no less benefit enormously from the Lean Start up School of thinking. Moreover, the StartUp ecosystem will benefit on multiple levels.
The current NEIS program is completely outdated.

user picture Brett Elliott · 3 years ago · 14 votes · 9 comments
user_image_from_facebook
An more suitable NEIS scheme for those who left a job to pursue a business that has market validation or MVP. It would be similar to AustStudy type of allowance that will give entrepreneurs a safety net to be able to live and get their start up off the ground.
Madel Giles · 3 years ago
user_image_from_facebook
I'm wary of any government policy that grants this kind of power to incubators and accelerators. They're simply not necessary for a startup to succeed; whilst certain incubators might be helpful to some, there's no guarantee that a given incubator actually has the skills or vision to follow through. Funding approaches like the NEIS should be available to any budding entrepreneur who wants to start up; with or without the involvement of an incubator.
Andy White · 3 years ago
user_image_from_facebook
The problem with NEIS is the requirement that the participants be unemployed. So leaving a job or University does not qualify you to access to this program. It would appear this program was written to be able to claim "good news", as it ticks the box on two important measures, as a new participant allows the Govt to claim they have reduced unemployment statistics and helped create new businesses. Most startup businesses we think of as successful would not be eligible for this program.
Mike Nicholls · 3 years ago
user_image
The Australian accelerator ecosystem has had a good five years developing brilliant, contemporary lean start up education programs with the best entrepreneurs in the business to help start ups grow and thrive. Lets reward their excellence and give them the opportunity to drive entrepreneurialism in Australia.
Brett Elliott · 3 years ago
user_image
The Australian accelerator ecosystem has had a good five years developing brilliant, contemporary lean start up education programs with the best entrepreneurs in the business to help start ups grow and thrive. Lets reward their excellence and give them the opportunity to drive entrepreneurialism in Australia.
Brett Elliott · 3 years ago
user_image
The Australian accelerator ecosystem has had a good five years developing brilliant, contemporary lean start up education programs with the best entrepreneurs in the business to help start ups grow and thrive. Lets reward their excellence and give them the opportunity to drive entrepreneurialism in Australia.
Brett Elliott · 3 years ago
user_image
Very true - NEIS reflects a prior age - aka late 1980s/early 1990s when you wrote a two year business plan and implemented it as SMB. It totally needs to be refashioned into or at least be complimented with a lean startup component.
philip browning · 3 years ago
user_image
yes . I have no idea what rights my family of 5 has with me as an unpaid CEO of a start up. Am I unemployed?
Jason Cornell · 3 years ago
user_image
YES
Kana Lea · 3 years ago
People who voted for this idea
Brett Elliott Jason Cornell Kana Lea James Brettell Munly Leong paul huntingford Dave Jackson