Small business to benefit from University grant

Wednesday, 14 June 2006

South Australian small businesses will benefit from the University of Adelaide's success in winning funding to foster entrepreneurship in small business.

The University's Office of Industry Liaison, based at its Thebarton campus, will receive $151,250 under the AusIndustry, 'Entrepreneurial Business Growth Development' project. This is an Australian Government-funded service under one of the initiatives of 'Building Entrepreneurship in Small Business'.

The funding will be used to help small businesses in the Thebarton Precinct, as well as build on the University's Graduate Entrepreneurial Program (which helps graduates develop business ideas while continuing with postgraduate study) and support small businesses within the Adelaide University Business Incubator.

University of Adelaide's Manager Industry Linked Education, Des Masters, said: "The majority of the funds will be used to engage specialist trainers and mentors to deliver workshops, seminars and one-on-one mentoring for up to 40 small business owners. The overall objective of the program is to foster entrepreneurship and maximise growth and sustainability of small business."

University Deputy Vice-Chancellor (Research) Professor Alan Johnson said: "This funding recognises the University of Adelaide's commitment to business and community engagement. It will help build local industry links and provide local small business with the sort of valuable support they often can't afford to fund themselves."

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