Australia’s kids skateboard firm, Ookkie, has set the wheels in motion for global business success, expanding into two new markets thanks to growing demand for its products from ‘skateboard loving parents’ who want to get their kids on a skateboard, safely. Launching in the UK and Europe, the cult learner skateboard brand has capitalised on the growing interest in skateboarding in both regions, adding to its presence in its existing regions Australia, the US and Asia, giving the thriving business a global footprint. Ookkie, which saw an impressive 43% year-on-year increase in the US and Australia, falls under the Absolute Board Co umbrella, the parent company of cult skateboard brand, Penny Skateboards.
Telstra has announced that nominations for the 2023 Telstra Best of Business Awards are now open. The Awards program celebrates the innovation and creativity of Australian SMEs, and their role as a key driver of Australia’s economic success and social prosperity. Stemming from the success of the inaugural 2022 Telstra Best of Business Awards which saw over 24,000 businesses nominated, the program demonstrates Telstra’s long -standing commitment to recognising the meaningful contributions of firms and business leaders.
Navii is giving away over $3m in digital support tools for SMBs through a new gov't-backed Digital Launch Pad Program, with 12 months of expert support and coaching available to 500 SMBs. Navii is also putting over 10,000 digital tools and course packages up for grabs. SMEs are invited to share their digital journey so far, including why they need support, to be in with a chance of securing Navii’s Digital Launch Pad Program valued at over $1,200 per applicant.
Australia’s SMEs are increasingly seeking alternative funding that doesn’t tie up their personal assets, as they drive growth while navigating ongoing supply chain and recruitment mishaps. The latest annual SME Compass Report by fintech SME lender Banjo Loans, found SMBs have a big appetite for borrowing to fund growth, but they struggle to get their hands on it. When they do, it powers exponential expansion. The study found that 30% of respondents exceeded their revenue target in the past 12 months, up from 25% the previous year.
Estée Lauder, the flagship brand of The Estée Lauder Companies Inc., announced the launch of the Estée Lauder Emerging Leaders (ELEL) Fund, a charitable fund under The Estée Lauder Companies Charitable Foundation. The fund’s mission is to redefine leadership by supporting a new generation of emerging women leaders and challenging leadership gender stereotypes. The Fund will support firms that provide opportunities for leadership development, cultivate supportive communities and advocate for emerging leaders who have a vision for change.
SMBs across flood impacted regions are set to gain access to critical marketing and design support via SMB champion, Vista. The design, digital and print partner to SMBs in Australia is launching an initiative to empower 25 small businesses with $25,000 in dedicated grants, aimed at supporting their road to recovery and ability to get back to business post-floods. The impact of the devastating flood events is set to compound an already challenging period in Australia, with the 2021 Vistaprint Small Business Recovery Report highlighting that a third (32%) of Aussie small businesses felt marketing (32%) and financial support (33%) were their biggest challenges and one in 10 (10%) calling out design as their key pain point.
Trade is linked to economic prosperity and has the potential to expand women’s role in the economy, create financial empowerment for women and expand women’s access to skills. According to the World Bank, trade can dramatically improve women’s lives, creating new jobs, enhancing consumer choice, and increasing women’s bargaining power in society.
Winners in the ninth annual Asia-Pacific Stevie® Awards, the awards that recognize innovation in business throughout the entire APAC region, have been announced. The list of Gold, Silver and Bronze Stevie Award winners is available at http://Asia.StevieAwards.com.
Funds managed by CapVest Partners LLP (CapVest), a private equity investor, have closed the acquisition of Second Nature Brands, a Michigan-based creator of premium, nutritional and better for you snacks and treats, including Kar’s Nuts, Second Nature Snacks, and Sanders Chocolates, from a private equity fund affiliated with Palladium Equity Partners, LLC.
Australia’s SMBs are investing in their recovery. With CBA financing for equipment, the sector is up 17% so far this financial year, compared with the same period last year. CBA research also shows 67% of businesses have budgeted for new equipment in the next 12 months, with 55% of those businesses specifically planning to invest in IT and office technology.