AMP launches fund for talented Australians
AMP is offering grants of up to a million a year to Australians who are looking to make a mark of society, but lack the financial backing.
In response to an AMP and Newspoll survey which found 60 per cent of Australians' talents were restricted by a lack of capital, AMP launched the Tomorrow Fund, which aims to stimulate innovation.
The size of the grants will vary between $10,000 and $1 million, depending on the proposal, and will be judged by a panel from backgrounds in social enterprise, science, the arts and technology.
"It might be a community project, an invention, social enterprise or maybe something left-of-field that has never been attempted before like setting an obscure world record. We'd like to give a helping hand to go out and fulfil that dream," AMP director of media and community relations, Julia Quinn, said.
"Money shouldn't always be the obstacle for talented people who have a commitment to something that will make a difference in Australia," she added.
Applications are now open at www.ampstomorrowfund.com.au/ and close on August 31.
Recommended for you
With just over three weeks until the federal election, the FAAA has put a reduction in red tape and further support for new entrants on its priority list for an incoming government.
The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered.
Rather than taking a controlling approach, the latest generation of overseas private equity deals is helping advice firms to achieve their growth ambitions, three commentators have said.
Private wealth firm Fitzpatricks Group has appointed a newly created head of product, who previously spent 20 years at CFS, to bolster its range of investment options.
