The Innovation, Advisory and Board Services Program is a new initiative supported by the Federal Government as part of the Incubator Support Expert in Residence Program https://www.business.gov.au/Assistance/Entrepreneurs-Programme/Incubator-Support-Expert-in-Residence
The program has been designed to support 5 Gold Coast based businesses to develop and grow sustainable international businesses. The 5 successful business owners will participate in a formalised, highly targeted Advisory Board and mentoring program to accelerate scalability.
What is an advisory board?
An advisory board is a group of professionals that provides strategic advice to organisations to help them with internal decision making and strategic vision.
Advisory Boards are a proven model to support businesses owners and their management teams to access independent Chair’s and industry leading strategic advisors and experts. Advisory Boards generate significantly enhanced economic outcomes. Research shows that businesses utilising an advisory board generated 24% annual sales growth; 18% productivity increase, and 80% would use an Advisory Board again.
Overview of the Program
The successful applicants will receive tailored 1:1 mentoring with the GC Hubs executive/chair in residence, Samantha Kennedy and formal Advisory Board meetings with Board members / Advisors selected specifically to support each business.
To qualify to participate in the Program the business must have evidence that they are Gold Coast based, and either have:
- An annual turnover of $220,000, or
- Have raised capital of $500,000 or more, or
- Employ at least 5 people
To be one of the 5 successful companies, we are looking for evidence of:
- Demonstrated personal leadership from founder(s) who have an interest in engaging with advisors to maximise their growth potential
- Strong signs of revenue growth, competitiveness and innovation
- Evidence of potential to expand into global markets
- Local job creation
To apply to participate in the Innovation, Advisory and Board Services Program complete the form below before 5pm on Monday 4 March 2019.