A facilitator for the Federal Government Entrepreneur’s Programme painted an attractive picture today for companies looking to make their supply chain more productive and competitive.
Mike Goodman Podcast interview, Mike Goodman confirmed that a $400K improvement program is a potential scenario for buyers who can rally up 10 small to medium (SME)suppliers willing to match a $20K grant dollar for dollar. That buyer doesn’t have to be an Australian company either.
Mike is contractor by the NSW Business Chamber to deliver government-funded supply chain improvement projects, provided at no financial cost to buyers and their Australian SME suppliers.
The Federal Government Entrepreneur’s Programme is a national initiative that aims to grow the Australian economy by making SMEs more productive and competitive. The service has been running since mid last year (loosely based on a similar, very successful program that had been running for 5 years or so). Over the past 7 years, Mike and his colleagues have helped thousands of SMEs improve their business.
The program offers four key areas of support:
- Strategic Business Evaluations – A business adviser works with an SME owner to assess the company, its aspirations and key challenges. The adviser provides a detailed report and action plan, along with access to a $20K (dollar-for-dollar) grant. Some businesses can get further ongoing support and access to an additional grant further down the track.
- Innovation Connections – A facilitator provides SMEs with free advice and potential access to grants for research activities that solve technical challenges or help with new commercial opportunities (a $50K dollar-for-dollar grant, with potential for an additional $50K after the initial study is performed)
- Accelerating Commercialisation – advisers provide guidance and access to grants to help commercialise new ideas, products and services
- Supply Chain Facilitation – (detailed below) these include a $20K dollar-for-dollar grant for eligible SME suppliers
Under the Supply Chain Facilitation services, Mike and his team spread throughout Australia work with Buyers to explore and identify areas where they might be able to drive improvements with their suppliers , then work with eligible SME suppliers to assess their business and recommend improvements. This could be resolving operational issues, or more strategic, such as building supply chain capability for a new export growth opportunity.
Part of the improvement program could be training staff to more closely align with business requirements. In a previous blog we outline the funding available to assist suppliers to train their people under the Industry Skills Fund.
For more information, contact Mike Goodman on 0405 337 306.