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© Australian Centre for Business Growth
Startup and Scale-up Programs in South Australia
Spotlight on Innovation
Dr Jana Matthews
ANZ Chair in Business Growth, Professor and Director
Australian Centre for Business Growth
Techstars is the worldwide network that helps entrepreneurs succeed.
Community Programs Accelerator Programs Venture Fund
• Startup Weekend• Startup Digest• Startup Week
13-week program• ‘Mentorship Driven’• Rapid iteration cycles• Fundraising preparation• Demo Day
Fund setup toinvest in acceleratorportfolio companies
Creating support from ‘Inspiration to IPO’
How Techstars Works
Each year, Techstars chooses over 300 high-growth companies to join
our 3 month mentorship-driven accelerator, investing $120k (USD)
and providing hands-on mentorship and access to the Techstars network
for life.
Techstars Adelaide runs one program per annum designed to bring 10 early stage companies, focused in the security and defence industries, to South Australia.
The #TSAdelaide program is partnered withsome of the world’s largest defence primesto support growth through the program.
Techstars Video: https://www.youtube.com/watch?v=S-3YgWroCdo
A glance at the numbers• 4000+ events around the globe (39 accelerator programs) • 150 + countries• 1,200 alumni companies; 300 more each year• Techstars invests $120,000/company for 6% equity• 75% companies received investment (or are profitable)• 300,000 alumni (Including Startup Weekend)• 10,000 mentors• $265M under management + $150M Techstars VC fund
| 2017 Results
• 300+ applications from 68 countries
• 10 companies selected and accepted
–6 Australia, 4 Adelaide (!)
• 4 companies received funding
• 1 company has grown 200% since program start
•7 Companies have hired since program end date
| Contact Us
Terry Gold, Managing Director Chris Chang, Program Manager
© Australian Centre for Business Growth
One of Australia’s premier business schools.Internationally recognised for its achievements
Top 1% in the world..
© Australian Centre for Business Growth
Established in June 2014The only Centre of its kind offering programs
and achieving results
Prep Work
CEO Clinic
Module 1
Module 2
Module 3
Clarity of Purpose
Clarity of Direction
Clarity of Structure
Clarity of Measurement
Where arewe now?
• Mission Values Vision
• Strategy Tactics Goals Action Plans
• Roles, Responsibilities and Authority• Systems & Interdependencies
• Fit With Values Functional Competence• Operational Performance: Product, Sales,
Marketing, Finance Compensation /Rewards
Making the changes to growAUCBG Knowledge Framework for Growth and Tools
90 DayTeam Sprint
90 DayTeam Sprint
1 Day CEO Action Plan
Where do we want to go?
How do weget there?
Help CEOs /Executives formulate their personal and company growth objectives
LEARN and CLARIFY
DO and CHANGE
ASSESS and PLAN
GROWModule
3© Australian Centre for Business Growth
© Australian Centre for Business Growth
Programs are for CEOs/MDs and their executive teams of companies with
5- 19 employees (small) and20- 199 employees (medium).
We teach them what to do, when, and in what order - to grow.
© Australian Centre for Business Growth
RESEARCH and INSIGHTS, OP EDS,
ARTICLES, SPEAKING
DIGITAL PROGRAMS,TOOLS AND RESOURCES
PROGRAMSGrowth Seminars
Growth ClinicsGrowth Modules
© Australian Centre for Business Growth
Foundation PartnerSponsor, ANZ Business Growth Program
National SponsorPhilanthropy
($100,000 Donation)
Growing South Australia’s Companies Program
Growing Queensland’sCompanies Program
Individual Companies Paying Fees
© Australian Centre for Business Growth
In 45 months:
Programs Helped
81%Presented to
3500Companies in AU
Clinics with
438+companies
183 in SA
Of the CEOs identify opportunities for
growth
© Australian Centre for Business Growth
ANZ Business Growth ProgramFirst 10 Companies’ Aggregate Results 36 months after starting the program
15New Export Countries
149%Revenue Increase
415Jobs added
419%Profit Increase
© Australian Centre for Business Growth
• A great idea is not enough.
• Customers must value the idea.
• Entrepreneur’s job is to figure outproduct or service/market fit.
• Startup survival depends on turning ideas into products or services that customers value and buy.
SPOTLIGHT ON INNOVATION
INNOVATIONProcess of transforming ideas into
products/services that customers will value and buy
© Australian Centre for Business Growth
© Australian Centre for Business Growth
LOTS OF CATEGORIES OF INNOVATIONS
1. Technology
2. Product
3. Service
4. Process
5. Operations
6. Cost
© Australian Centre for Business Growth
AND MORE….
7. Experience
8. Management
9. Sales
10. Business Model Innovations
11. Industry Innovations 3-D printing
12. Organisational Innovation
Like Techstars, the Australian Centre for Business Growth is an innovation that has received international awards and
recognition
© Australian Centre for Business Growth
European Foundation for Management Development (EFMD) award for the outcomes achieved through the Business Growth Programs delivered by the
Australian Centre for Business Growth October 19, 2017 Milan, Italy
© Australian Centre for Business Growth
AACSB 2018 INNOVATIONS THAT INSPIRE
Our Business Growth program was selected as one of 30 Innovations in Business Education, from around the
world, that are highly effective and “Inspiring”.
© Australian Centre for Business Growth
AU CENTRE FOR BUSINESS GROWTH
OUR Product/Service Innovation:
• Prep work serves as first screen
• Clinic serves as second screen
• CEO must bring at least 2 members of exec team to all 3 modules which are 3 days each, with 3 months between
• Structured program; graphics, writing, interactive, no phones
© Australian Centre for Business Growth
AU CENTRE FOR BUSINESS GROWTHOUR Delivery Innovation:
• Growth Experts
• Companies from multiple industries
• Presentations
• Peer group discussions
• Application to your company
• Presentation to peers and Growth Experts
• Held accountable for executing on what you promised to do
© Australian Centre for Business Growth
AU CENTRE FOR BUSINESS GROWTHOUR Community and Platform Innovation:
• Community of Alumni
• Willing to help each other
• Open doors; advise
• Pay forward
© Australian Centre for Business Growth
In the 1 – 3 years since attending a Growth Clinic 140 companies have:• Generated $400M in additional revenue• Created 777 new FTE Jobs (132 in SA)• Added $65M profit
* Results are based on 140 companies (from the SA Growth Program & ANZ’s National Growth Program) who have reported results in the 1-3 years since attending the Growth Clinic.
AUCBG ALUMNI GROWTH
AUCBG Video: https://www.youtube.com/watch?v=V4HlHgqvmH8
© Australian Centre for Business Growth
• Techstars Adelaide
• Australian Centre for Business Growth
• UniSA’s Business School
We’re innovating and collaborating all the time!
INNOVATION IS ALIVE AND WELL IN SA
© Australian Centre for Business Growth
For Information About Growth Programs
Australian Centre for Business Growth
Email: [email protected]
Phone: (08) 8302 0484
www.centreforbusinessgrowth.com
