The Labour Party would put $3 million a year toward helping young Kiwis with start-up ambitions.
A one-off grant of up to $20,000 would go to any New Zealander between the ages of 18 and 23 to start a business based on an innovative idea.
This isn’t a bad idea. Many young Kiwis want to set up their own business once they finish studying, rather than work for others.
The grants seem at around the right level – enough to help with start up costs, but not enough to attract people not serious.
The grant came with the safety net of funded business training, an ongoing business mentor and a business plan approved by an independent panel of experts, he said.
“The grants will be capped at 100 per year for the first three years.”
A pretty good policy. I suspect there are similar programmes at the moment, but good to see Labour being constructive in this area.