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Question 1

Council grant

Answer 1

A council grant is a on-off financial payment from the council to a business to support business ideas and development. A council grant does not need to be repaid

Question 2

Business Mentor

Answer 2

A business mentor is an experienced and knowledgeable business person who provides assistance and advice to another person.

Question 3

Government investment in research and development

Answer 3

Research and development (R&D) is an expensive and time consuming process for business to undertake.

Question 4

School-based entrepreneurship program

Answer 4

School-based entrepreneurial programs can help introduce students to the business world and develop their business knowledge and problem solving skills

Question 5

Regional start-up hubs

Answer 5

Reginal start-up hubs are often government initiatives designed to provide a collective working space for new business within a specific area or location.

Question 6

council

Answer 6

A council is the lowest level of government in Australia, with each council looking after a specific region within the state.

Question 7

Tax Offset

Answer 7

A tax offset is a direct reduction in the amount of tax that must be paid.

Question 8

The Small Business Mentoring Service (SBMS)

Answer 8

The Small Business Mentoring Service (SBMS) is a program that provides affordable mentoring, free resources and workshops for Victorian businesses to help them grow and survive.