Deadline: 5 April 2019
The Ministry of Youth Development (MYD) – Te Manatū Whakahiato Taiohi is inviting applications for Youth Enterprise and Entrepreneurship Funding Stream 2019/2020 to support young people (12 to 24 years) to be better prepared for the future work environment through funding strengths-based enterprise education and skills development opportunities and investing in young people with business potential.
This funding stream is focussed on providing contributory funding to organisations to deliver enterprise activities to young people.
The funding will be distributed through two sub-streams, a ‘Programmes and Services’ stream and an ‘Opportunity for Young People’ stream.
- The Programmes and Services funding stream is focussed on providing contributory funding to organisations to deliver enterprise activities to young people.
- The Opportunity for Young People funding stream is specifically aimed at young people who have a new and/or innovative business or enterprise idea/project, to invest in them to help them progress on their enterprise journey.
Outcomes
Applicants to this funding stream need to show how their programme will contribute to the general outcome of better preparing young people for the future work environment. How this is done will vary for different young people and in different communities, but the outcomes listed below are expected to be present in programmes funded in this stream:
- Young people have an awareness of different business models and strategies, including social enterprise business models and how enterprise can affect social change.
- Young people develop the knowledge required to enter the trades and/or start up a small business/social enterprise (such as business strategy, marketing, financial literacy and basic economics). Young people develop their soft skills (such as communication, listening, leadership, teamwork, problem solving and innovative thinking) that are transferable and could support young people in many aspects of their lives (as well as in enterprise).
- Young people have increased resilience and confidence to help them throughout their lives (and to pursue a business idea or become an entrepreneur if this is their chosen path).
- Young people recognise social enterprise, enterprise and entrepreneurship as valid and feasible career options.
- Young people have appropriate connections, networks and supports in place around them to help them develop (and continue on their enterprise journey if they so wish).
- Young people have gained experience that will support them to understand themselves better and confidently make life and career choices.
If these outcomes are achieved then, as well as better preparing young people for the future work environment, the general wellbeing of young people should also be increased.
Funding Limit
There is no set limit to the amount an organisation can apply for. However please note:
- The total value of this fund (across both programmes and services and opportunity for young people) for the 2019/2020 financial year is approximately $600,000
- The average amount funded in the 2018/2019 funding round was $25,000
- The majority of applications they support in 2019/2020 will be under $100,000
- MYD is a contributory funder. This means that they are not usually able to fund the full and true running costs associated with a programme.
- Applicants are encouraged to source other funding partners to support their programmes.
- MYD will consider each application on its own merits and will use the budget information applicants provide to help assess the level of funding to award successful appli
- MYD may choose to only offer part of the funding requested in the application form.
Assessment Criteria
Applications to this funding stream will be assessed against the following criteria:
- Knowledge and Skills: How well the programme develops both the relevant hard skills (such as business strategy, marketing, financial literacy and basic economics) and soft skills (such as communication, listening, leadership, teamwork, problem solving and innovative thinking).
- Empowering: How well the programme develops young people to think and do things for themselves, rather than just showing and telling. It should build a young person’s general resilience and confidence.
- Meeting a Need: How well the programme meets an identified need or offers something materially different to what’s already available to young people.
- Connections: How well the programme connects participants with other young people who have similar drives and ambitions, and to those people with experience who can mentor, facilitate and accelerate their development and career opportunities.
- Experience: How well the programme provides participants with experiences that will support them to confidently make life and career choices.
They also encourage providers to:
- think holistically; understanding the interconnectedness of the multiple domains of young people (family, school, work, social, spiritual, cultural, environmental, and economic) and ensuring that young people are seen as a whole and supported appropriately
- be strengths-based; focussing on the positive attributes and protective factors that young people already have and building and emphasising these.
MYD aims to support equitable access to the programmes that it funds. To help ‘level the playing field’, the Minister for Youth has identified seven priority areas for particular focus. MYD aims to target at least 50% of funding to these areas:
- Rangatahi Māori
- Young Pacific peoples
- Young women
- Young people from the Rainbow community
- Young people with disabilities
- Young people from ethnic communities (in particular those from a refugee and migrant background)
- Young people living in the regions
During the assessment, some consideration will be given to applications that target a priority area. Applications for programmes aiming to specifically support young people from one or more of these priority areas will need to clearly state how the proposed programme responds to these priorities.
Consideration may also be given to:
- an applicant’s history of delivering youth enterprise programmes
- the geographic location where the project will be delivered, to assist MYD to support a spread of projects across Aotearoa.
What they Fund
Through the Youth Enterprise and Entrepreneurship funding stream, MYD provides funding to organisations to deliver youth enterprise opportunities that meet the objectives of the fund and deliver the outcomes detailed above. Applications will only be considered for programmes for young people aged 12 to 24 years, living in Aotearoa New Zealand.
Eligibility Criteria
- MYD can only provide funding for the benefit of New Zealand resident young people aged 12 to 24 years.
- Organisations applying for funding must be legally recognised New Zealand-based organisations. This could be a business, charity, school, or some other type of organisation. To be a legally recognised organisation it must be registered on one of the registers managed by the New Zealand Companies Office, or set up under separate legislation.
How to Apply
Applications must be submitted online via given website.
For more information, please visit http://myd.govt.nz/funding/current-funding.html