The Australian Government has committed to implementing Startup Year, a new income contingent loan program to support student participation in accelerator programs at Australian higher education providers.
The Startup Year program is intended to build a pool of knowledgeable new entrepreneurs and potential new companies to drive innovation and job creation in Australia and grow much-needed links between higher education providers, industry and the startup community.
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Startup Year Consultations
On Thursday 29 September 2022, the Australian Government announced the commencement of the Startup Year consultation process. You can find the Media Release on the Ministers Media Centre.
The Department of Education sought Stakeholders’ views on the development of the Startup Year program.
Interested parties were invited to contribute their perspectives on the development of the program, including program eligibility and design. The issues, rationale, and proposed design elements of the program are set out in the Consultation Paper
Submissions closed on Tuesday 15 November 2022.
The Department of Education sought views from current students and recent graduates, as potential Startup Year program participants, to better understand how this program should be designed to best meet the needs of students with an idea they want to explore.
The Student Survey closed on Tuesday 15 November 2022.
The department will finalise the policy settings for Startup Year based on responses provided through the consultation process. Implementation of the program is subject to legislative change.