RMIT was recently home to 22 transitioning defence force personnel participating in an intensive program helping them to establish their own small business or consultancy.
The College of Business recently hosted the residential component of the inaugural Prince’s Charities Australia Lead Your Own Business (LYOB) program.
Australian Defence Force personnel transitioning to civilian life after their time in the service participated in the week-long training program within the simulated business space in the Swanston Academic Building at the Melbourne City campus.
While in Melbourne, the intensive training allowed the personnel to take part in workshops and site visits, learn from experts in the field and find out how to leverage their critical decision-making skills that could impact the success and ongoing viability of their business. The residential follows on from six weeks of online learning.
Upon completion of the residential component, the ex-servicemen and women receive 12 months of mentoring and will complete a nationally-accredited Certificate IV in Small Business Management from RMIT University.
The LYOB program is delivered by RMIT’s Business Enterprise Unit, which also provides training and mentoring programs targeted to students and the micro and small business sector.
Professor Ian Palmer, Pro Vice-Chancellor Business and Vice-President said RMIT welcomed transitioning Defence members into the College of Business as part of The Prince’s Lead Your Own Business program, extending the University’s activities that foster enterprise formation in the community.
“As fully-enrolled students of RMIT, participants will have access to fantastic networks and facilities to get the very best start in their business endeavours,” he said.
An initiative of The Prince’s Charities Australia, The Prince’s Lead Your Own Business has expanded from a program that has already seen 75 businesses started by Canadian defence veterans since 2012.
The Australian program has gained widespread support and funding from various organisations and philanthropic individuals, including principal sponsor Worldwide Support for Development and corporate partners Defence Housing Australia and the Commonwealth Bank.
The Prince’s Charities Australia is the coordinating presence for The Prince of Wales’ Australian charitable endeavours, many of which focus on the welfare of those who have served in the Forces, and their families.
His Royal Highness The Prince of Wales has a long-standing commitment to the Australian Defence Force, serving as Colonel-in-Chief to the Royal Australian Armoured Corps since 1977.