Launch of the Business Acceleration Program (BAP).
Demonstrated growth of participating businesses.
BAP was launched on the 20 August 2018. The program is an initiative of the Northern Territory Government, hosted by the Darwin Innovation Hub and delivered by the Australian Centre for Business Growth.
BAP is a high-value, world-class program that enables chief executive officers (CEO) and managing directors to identify opportunities, overcome business challenges and drive competitive advantage. Based on a comprehensive and integrated Knowledge Framework for Growth developed by Dr Jana Matthews, the program provides CEOs and managing directors with the knowledge and skills needed to develop as leaders, accelerate company growth and compete in a global marketplace. The program consists of two parts: the growth clinic and the growth modules.
Sixty-four businesses attended BAP clinics across Alice Springs and Darwin with 16 companies enrolled for the growth modules. Seven businesses graduated from the BAP program in 2019 and five in 2020.
In its third year of operation, the program conducted assessment clinics for 85 businesses, intensive growth modules for 26 businesses (16 businesses have completed the program) and growth ramp workshops for 12 businesses.
Graduates of the program reported strong growth in the 2019-20 financial year despite the impacts of COVID-19 reporting:
9% increase in revenue
61% increase in profit
8% jobs growth
Below are some of the highlights and testimonials from the first cohort of BAP participants across the three modules.
For 2021, BAP has been extended to provide additional offerings of 'Growth Ramp' training for small to medium enterprises that are too small to qualify for the full module training.
Read more in the news article accelerating business in the Territory, first cohort graduates and Business Acceleration Program driving growth for SMEs.