MEDIA RELEASE – 6 May 2021
Businesses across the Gippsland region are set to benefit from a new business innovation program driving growth and investment in key growth sectors of the local economy.
Delivered by Federation University in partnership with Runway at the Morwell Innovation Centre, the program will support the region’s transition to a future economy by activating business growth opportunities that create greater prosperity and sustainability.
“As we transition to a contemporary economy underpinned by innovation and entrepreneurship, the Morwell Innovation Centre is playing a crucial role helping businesses build the capability they need to adapt to changing market conditions and capitalise on new growth opportunities,” says Morwell Innovation Centre General Manager, Nicole Griffin.
“Working with Runway, a not-for-profit that builds the capability of businesses to be successful, we are fully funding 20 places for people to participate in a business growth program running from June through to August,” she continued.
Head of Partnerships at Runway, David Spear says, “using the proven skills and techniques applied by successful start-ups and scaleups from all over the world, businesses will learn to find new growth opportunities, overcome barriers to growth, test their emerging growth plans and get set up to take their best ideas to market.”
Nicole Griffin and David Spear at the newly built Morwell Innovation Centre
The Program is implemented in three key stages that build on each other to reduce risk and steadily accelerate businesses towards their business growth goals’ he said. These include:
• Get Ready: Evaluating the gap between the business and external environment, and identifying a new growth opportunity – completed in 20 hours over 2 weeks
• Get Set: Developing the customer value proposition for the new growth opportunity, and an action plan to test it in the real world – completed in 15 hours over 2 weeks
• Grow: Executing the validated business model to activate growth plans with support from industry experts delivering specialist knowledge, including access to Runway’s wider global networks – completed over two to three months progressively working on the business.
Morwell Innovation Centre is now calling for applications from businesses in the Gippsland Region wanting to participate. Up to 20 fully funded places are available and the program will commence on 7 June.
Applications now open, closing Monday 31 May
For more information and program details, please contact:
Nicole Griffin: 0409 492 243
David Huggan: 0415 948 568
Nicole Griffin – General Manager, Morwell Innovation Centre
0409 492 243
David Spear – Head of Partnerships, Runway
0427 524 215