National Business Registration System
The New National Business Registration system has now commenced, replacing the current state and territory registers. All Business Name registrations are now handled by the Australian Securities and Investments commission, for new businesses starting up this means that if you intend trading across multiple states that once you are registered you are automatically registered Nationally.
UK Young Entrepreneur Loans
Over in the UK – Young Entrepreneurs will be able to obtain government loans to help them launch a business under a new startup scheme launched by David Cameron on Monday. The Scheme will fund loans worth on average around 2,500 pounds to 18-24 year olds who can show they have a robust business plan. The scheme comes after comments from Lord Young, Camerons enterprise adviser who suggests that Britain would have 900,000 more businesses if it adopted the same entreprneurship culture as the US.
Superannuation for Gen Y
Is it a bird? Is it a Plane? – No it’s Superannuation Man. Australian Organisation Regret Nothing, have launched a new program targeting Gen Y’s to learn more about their Super – The free 6 week program aims to break down the often hard to navigate language around Superannuation and provide a step by step guide for young people to get on top of their retirement now. Research shows that only one in three 18-29 year olds know how their super is invested and only 50% are aware of how much super they have.
Congratulations Flight Fox
Big Congratulations to Aussie startup Flight Fox who closed an 800,000 dollar funding round this week and were accepted into the next prestigious Y Combinator class in the US. Flightfox was part of this years Startmate Class in Sydney and was founded by couple Lauren McLeod and Todd Sullivan. Flightfox is a human powered search engine where users compete to find travelers the best deals on flights across the world. A keen traveler herself Lauren was also the first Australian ever to cross the entire Gobi desert on foot when she went trekking over there last year.