Australia's relationship with Latin America continues to grow. Historic numbers of Latin American and Australian tourists and students cross the Pacific each year. Some of Australia's and Latin America's best-known companies have established themselves on both continents, principally in extractive industries, agribusiness and services, but with a growing presence in other sectors. Commercial, environmental, academic and cultural opportunities beyond our regions are also emerging as Australian and Latin American businesses cooperate to meet the demand of the broader Indo-Pacific region. Our Governments increasingly meet and coalesce in international forums such as APEC, the G20, the OECD and through Australia's commencement of FTA negotiations with Peru and the Pacific Alliance (Chile, Colombia, Mexico and Peru).
As the Australia-Latin America relationship has grown, so too has the number of young, creative and motivated entrepreneurs taking advantage of the opportunities it creates. The Awards are intended to encourage these entrepreneurs, recognise their business/commercial achievements publicly and their links between Australia and Latin America.
The COALAR Board established the Young Entrepreneur Awards to provide an incentive for young, creative and motivated entrepreneurs to deepen Australia Latin America relations. The Awards aim to inspire those with existing business and commercial links to expand their operations, and those who are establishing links to further business/commercial activities.
The Australia - Latin America Young Entrepreneur Awards consist of two annual awards – one to a young Australian and one to a young Latin American entrepreneur. The awards comprise a cash prize of $5,000 each plus travel and accommodation expenses to a location in Australia to receive their award and have their entrepreneurial achievement profiled. Opportunities will also be provided for networking and linkages to support expansion of their enterprise/activity.
The Australian Technology Network is sponsoring the $5,000 cash prize for each of the successful candidates.