The Australian Government has committed to implementing Startup Year, a new income contingent loan program for up to 2,000 final year undergraduate students, postgraduate students and recent graduates.
The Startup Year program will support students participating in accelerator programs at Australian higher education providers.
Startup Year loans are anticipated to be available from mid-2023, providing up to $11,800, and would operate in a similar way to current Higher Education Loan Program (HELP), which allows you to take out a loan for study purposes.
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.
The Department of Education is seeking 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 survey will close 11:59 pm AEDT Tuesday 15 November 2022.