50,000 reasons to become an entrepreneur

South Australia’s army of budding entrepreneurs is being encouraged to apply for grants of up to $50,000 to kick-start their business ideas.

The money is available through Beyond Bank Australia’s Community Entrepreneur Program which is now open to receive applications across the state.

“Now more than ever, entrepreneurs need a bit of help to get started,” said Beyond Bank’s General Manager, Community Development, Peter Rutter.

“There are some great ideas out there and for those looking to turn their dream into reality, $50,000 can go a very long way.”

Grants are available not just for new businesses and concepts but also pre and post-launch stages of existing projects to help take them to the next level.

“Ideally, what we want to see are innovative ideas around social enterprise, technology and grassroots business models that support the community,” said Mr Rutter.

“Adelaide as a small but vibrant city has the perfect environment to support entrepreneurs and I think it’s fair to say that we are arguably the best city in Australia to set up and build a new business.

“We have strong entrepreneur networks connecting up across Adelaide that can also provide support to start ups and as a customer owned Bank we are pleased to play our part by providing much needed financial assistance to passionate people looking to build a future for their teams and the community.

“Basically, we are in it for the long haul.”

Interested entrepreneurs are invited to apply online at beyondbank.com.au/your-community/entrepreneur where they will be asked to outline the key components of the business plan, show an understanding of the local market and a pathway towards meeting future targets.

Applications close in South Australia on 30^th September 2016.