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The Small Business Entrepreneur Scheme offers selected students a platform to outwork their entrepreneurial knowledge. A seed fund* and comprehensive mentoring will help materialise the business opportunity.
Graduates of New Zealand Certificate in Business Level 4 can apply for the Scheme within six months of course completion. A maximum of two business plans per calendar year will be funded.
Aspiring students will submit a business plan to the scheme’s committee for consideration. Selected students will have four weeks to complete their business plan. Consultation sessions and one-on-one mentoring will be provided. The Business Plan must be feasible, detailed and comprehensive.
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*The Seed Fund is an investment in a Kiwi Entrepreneur’s business. As an investor and shareholder Crown will receive dividends for a determined period and under defined conditions.
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A maximum $20,000 will be invested. The total investment will not exceed 20% of total shares of the Entrepreneur’s business
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After the first 12 months, if the business is profitable, Crown will start to receive its share of dividends from the business, which is a maximum 20% of profits.
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Crown is eligible to receive up to 150% of the invested seed fund. After this threshold is reached, Crown will cease to receive any further share dividends from the business, and will no longer be considered a shareholder of the business.
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If the business is not making a profit or closes down, the Entrepreneur will not be held to any obligation to return the seed fund.
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While Crown’s intention is not to profit from the Scheme, it is important that the Seed Funded business be self-sustaining.
Worldwide School and Crown Institute collaborate closely to enhance each other’s educational services and offerings. The same education group owns the two schools and has partnered to create English & Vocational Study pathways and short-term internship programmes for many international students.