NINE companies with strong links to agriculture have been named as part Westpac’s list of 200 Australian ‘Businesses of Tomorrow’ for 2018.
David Lindberg, Chief Executive, Westpac Business Bank and 2018 program judge, said the 200 businesses chosen from across Australia exemplified adaptability, resilience, value to customers, and a readiness to meet tomorrow’s challenges.
They also demonstrated the scale of movement that is occuring in the Australian economy into a digital world.
“The digital economy is predicted to be worth $139 billion by 2020 to the Australian economy – as a key driver of change in the future, this year’s businesses reflect the drive that’s disrupting and shaping the industries they operate in.,” Mr Lindberg said.
“Almost three quarters of the top twenty businesses are directly involved in technology or software development and this year also saw an increase in micro-business applicants, including early stage tech-businesses, which increased almost three-fold from 2017.
“This tells me leading Australian businesses are capitalising on the opportunities for growth. They’re breaking new markets, developing technology that helps people with autism gain employment, providing better analysis for solar energy users, using technology to make prescription glasses more durable and affordable, and transforming waste into useful materials.
“Over half (59%) of these businesses have an ambition to expand to the global marketplace and I look forward to seeing this great Australian entrepreneurial spirit succeed – because we have great talent and ideas in this country that deserved to be backed.
Of the 200 Businesses of Tomorrow, 20 top businesses will receive a two-week study tour to Silicon Valley and a tailored $50,000 professional services package from their choice of select providers offering legal services, PR and communications, customer relationship management and management consulting.
The top 20 will also take part in a mentor matching program with notable Australian business leaders. Among the mentors are John Eales AM, former Wallabies Captain and culture and leadership consultant; Mia Freedman, Mamamia Women’s Network; Tim Fung, Airtasker CEO; and Jo Horgan, founder and CEO of Mecca Cosmetics.
Several businesses from last year’s top 180 businesses were also recognised this year and awarded a position in the top 20 including, Araza, Metamako, and Whispli, each of which have demonstrated growth and increased potential since 2017.
The nine ag associated businesses in the top 200 were:
Source: Westpac. For the full list of this year’s 200 Businesses of Tomorrow visit BusinessesofTomorrow.com.au