Lou Leo’s Post

❓Are you looking to commercialise or scale up your business? The Industry Growth Program supports innovative small and medium enterprises undertaking commercialisation and/or growth projects that will help build manufacturing capability. Eligible businesses will be connected with an Industry Growth Program Adviser. The Adviser will provide specialised advice to support your commercialisation and growth opportunities and priorities. Once you have received this advice, you may choose to apply for: 🟥grants of $50,000 to $250,000 to support early-stage commercialisation projects 🟥grants of $100,000 to $5 million for commercialisation and growth projects. For more information on how to apply visit 👉 https://lnkd.in/gP8GWjAb #AusIndustry #industry #growth #businessadvisory

Why do SMEs need to strategise for the 21st century? Small and medium sized enterprises (SMEs) need to plan for the long term to firstly, prepare for challenges and opportunities; and secondly, maintain a comparative market advantage. Directors and managers must ensure that appropriate resources; viz., intellectual (human) financial, technical, material and technical, are in place to facilitate relevant changes. Bosses must pay great attention external stakeholders such as consumers or customers, distributors and suppliers, governments, regulatory bodies along with related agencies and groups that are associated with business and industry. Overall, long range strategies can help firms to stay ‘ahead of the game’ when it comes to quality goods and services ‘on offer’. 

Spotlight on Innovation for Government Contracts Innovation is a game-changer in the business world, especially for securing government contracts. Governments seek out suppliers who offer creative solutions to complex problems, making this a prime opportunity for SMEs. By highlighting your innovative approach, you can stand out and demonstrate how your business solves issues more efficiently and cost-effectively than traditional methods. Start by showcasing your unique solutions in your proposals. Detail the research and development behind your products or services, and emphasise any patents or exclusive technologies you possess. Clearly explain the tangible benefits of your innovations, such as cost savings, efficiency improvements, or enhanced service delivery. This helps government agencies see the value you bring to the table. Additionally, fostering a culture of innovation within your company can give you an edge. Continuously seek improvements, adapt to changes, and encourage creativity among your team. Demonstrating this in your tender responses shows that your business is capable of evolving and meeting future challenges. By leveraging innovation, SMEs can not only win government contracts but also position themselves as key players in providing forward-thinking solutions. This approach can lead to long-term relationships and ongoing opportunities in the public sector. #Smallbusiness #GovernmentContract #Tenders #Community #Innovation #Contract #SMEs

SMEs FIRST STEP TOWARDS ..... SUCCESS ... IN YEAR 2024 WISHES ..... SUCCESS IN BUSINESS * Click and See

🚀 Exciting Grant Opportunity Alert! 🚀 Are you an innovative SME looking to scale up? The Industry Growth Program might just be your next big leap forward! Administered by the Department of Industry, Science and Resources, this program is designed to support commercialisation and/or growth projects. Here’s what you need to know:💡 The program is similar to the former Entrepreneurs’ Programme, but realigned to the National Reconstruction Fund (NRF) priorities (www.nrf.gov.au) rather than the Growth Sectors. Applicants must demonstrate that their product is new, unique, or significantly different from previous products, processes, or services, or that it involves significant enhancements or developments of current products, processes, or services. Applicants to the program must go through the Advisory Service before being able to access grant opportunities. The Advisory Service is available to all eligible businesses, and involves a Program Adviser offering tailored advice to the SME on their commercialisation and/or growth strategies. Then, eligible businesses may apply for grants to support either early-stage commercialisation (up to $250,000) or commercialisation and growth (up to $5M), depending on the project’s stage and scale. Projects of up to 2 years will be supported, and matched contributions are required. These grants aim to assist with commercialisation and growth efforts, facilitating a path to new markets and enhanced operational capabilities. Could this program transform your innovative ideas into commercial successes? Contact us at Consulting & Implementation Services (CIS) today to help you navigate the process and maximise your chances of success – let's make your growth journey easier! 📈 https://lnkd.in/gP8GWjAb #IndustryGrowthProgram #InnovationGrants #SMEs #AustralianBusiness #Commercialisation #consulting #growth Greg Spinks

It’s no secret that recent years have been challenging for UK SMEs. Here we look at some of the fastest-evolving areas of work and business, and how you can approach them to benefit your company and your customers: https://ow.ly/krMi50SWBn1 #BusinessAdvisory #Innovation

Think government contracts are for large corporations? Think again. (𝘐𝘵’𝘴 𝘬𝘪𝘯𝘥 𝘰𝘧 𝘵𝘩𝘦 𝘰𝘱𝘱𝘰𝘴𝘪𝘵𝘦) In 2022, small businesses were awarded $159 billion in federal government contracts. The opportunity is huge. Then why do SME owners think government contracts are not for them? SMEs face some unique hurdles along the way. Challenges for smaller GovCons: > Complex, multi-stage procurement processes > Financial strain due to upfront investment requirements > Limited resources  > Stringent qualification criteria (past record, tech capabilities, finances, etc.)  > Absence of economies of scale (competitive pricing vs profitability) > Lack of industry relationships (with prime and subcontractors) Here’s what you can do to succeed: 👉 Understand the process Advertisement > Proposal > Evaluation > Award > Contract Performance Get to know about the opportunity right when it arises. Check for latest opportunities at: https://lnkd.in/eS33Sqjm 👉 Leverage networks and resources - Attend industry-specific events. - Form partnerships with other SMEs for value-added offerings. 👉 Build your brand - Create high-quality social media content. - Highlight your reputation as an industry leader. 👉 Do your research - Be aware of the contract type and timelines. - Understand the evaluation criteria.  - Study the RFP carefully. - Determine if you meet the requirements. - Run some calculations to confirm financial feasibility. - Have questions or need clarifications? Contact the awarding authority. 👉 Learn the art of bidding - Clear, concise, and compelling bids. - Demonstrate your strengths and capabilities. - Providing supporting evidence (qualifications, awards, case studies, references). To summarize:  𝗦𝘁𝗮𝘆 𝗽𝗼𝘀𝗶𝘁𝗶𝘃𝗲, 𝗯𝗲 𝗽𝗮𝘁𝗶𝗲𝗻𝘁, 𝗹𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀, 𝗮𝗻𝗱 𝗽𝗹𝗮𝘆 𝘁𝗼 𝘆𝗼𝘂𝗿 𝘀𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝘀. Ready to navigate the world of government contracts with confidence? 💼✨ Register with Oppzo today for working capital financing and unlock the potential of government contracts for your business:  https://lnkd.in/eu2GapzV #govcon #SMBGovernmentContractors #Innovation #entrepreneurship

The Recovery and Resilience Plan for Malta has recently introduced the Digitalise Your Business Scheme, replacing the SME Digitalisation Grant Scheme and Digital Intensification Grant Scheme. This initiative is specifically designed for businesses that are looking to digitalise their operations, with the scope of enhancing their resilience, efficiency, productivity and customer experience. All enterprises (subject to exclusions stipulated within the Guidelines), irrespective of their size, may receive funding of up to € 120,000 together with an additional 7% to cover indirect costs. The Scheme is available till 30 June 2026. Additionally, the Digitalise Your Micro Business Scheme is still OPEN for Micro Businesses and has been extended until 30 June 2026. Read the full details in our article: https://lnkd.in/dTrZXKkS

Great read today in DerTreasurer about our new #cashmanagement solution for SMEs. We are now starting to onboard gradually the first corporations.