Delivered over 12 weeks and at no cost to participants, the program empowers small business owners to adapt and innovate in the face of unprecedented change.
Participants will take part in live virtual expert workshops, personalised mentoring and online learning modules, and gain valuable insights in key growth areas including Digital Strategy, Customer Acquisition & Retention, Financial Modelling, Customer Experience, Ethical Supply Chains, High-Performance Teams, Investor Relations and more.
They will also join an active, growing community of like-minded local business owners who are facing similar challenges and opportunities.
More than 35 businesses across all major industries and sectors have taken part in the previous two Retail Innovation Program cohorts, the most recent of which kicked off in February 2020. The program was in progress when COVID restrictions were enacted. Almost overnight, many of the participants were forced to pivot, including SOUL Dining in Surry Hills. With the support of the program and feedback from their fellow participants, its owners Illa and Daero Kim pivoted quickly and launched a successful delivery sub-brand.
“We knew takeaway was our only option to survive, but our contemporary food couldn’t be experienced in the same way in a takeaway container. The Retail Innovation Program provided a framework to help us prioritise our focus. Instead of just shutting down, we redirected our team’s energies and ideas to develop BOWL by SOUL – a fresh take on Korean comfort food,” said Kim.
“The new BOWL by SOUL concept was such a hit that we’re now working to find a separate location for it. It’s quite amazing that through this program, we were able to turn COVID restrictions into a new business opportunity.”
Lord Mayor Clover Moore says the Retail Innovation Program provides local businesses with an opportunity to adopt new ways of thinking, gain new skills and work collaboratively to support economic and social recovery.
“Now more than ever our local businesses and community organisations need access to support and services that will help them recover and grow,” The Lord Mayor said.“Our program has been developed to support our local retail and hospitality businesses, which like many businesses throughout the city, are struggling. Sadly, many workers have lost their income as businesses closed. This program is an opportunity to adapt to the current environment and develop skillsets that will enable them to thrive.
“This support is part of our wider $72.5 million package to support the business, community and creative sector through the pandemic. Other elements of this package include rent abatement for tenants in our own buildings, bringing forward capital works to stimulate employment, and donating $1 million to OzHarvest to meet our community’s increased food security needs.
“Investible is a leader in Sydney's entrepreneurial business landscape and I encourage our local businesses to apply to this informative program.”
The Program is supported by leading industry experts and entrepreneurial specialists as well as program alumni from previous cohorts. Investible Head of Programs & Partnerships Elisa-Marie Dumas says encouraging a strong sense of community amongst the participants has played a significant role in the program’s success to date.
“The Retail Innovation Program is uniquely designed to help local business owners develop the mindset, access the resources and discover the community they need to make confident decisions in a changing world.”“It’s been incredible to see how different types of businesses have banded together to get through the current crisis and embrace new opportunities. It demonstrates that, when working together, small businesses have the power to build more resilient and innovative economies,” says Dumas.
Business owners can apply and register for a virtual information night, which will be held on 28 October 2020.
The Investible group of companies includes various entities who are corporate authorised representatives (CAR) of Boutique Capital Pty Ltd (BCPL) AFSL 508011. The full list of entities are detailed below/via a link.
CAR has taken all reasonable care in producing all the information contained in the website including but not limited to reports, tables, maps, diagrams and photographs. However, CAR will not be responsible for loss or damage arising from the use of this information. The contents of this website should not be used as a substitute for detailed investigations or analysis on any issues or questions the reader wishes to have answered.
You may download the information for your own personal use or to inform others about our materials, but you may not reproduce or modify it without our express permission. To the extent to which this website contains advice it is general advice only and has been prepared by the Company for individuals identified as wholesale investors for the purposes of providing a financial product or financial service, under Section 761G or Section 761GA of the Corporations Act 2001 (Cth).
The information in this website is not intended to be relied upon as advice to investors or potential investors and has been prepared without taking into account personal investment objectives, financial circumstances or particular needs. Recipients of this information are advised to consult their own professional advisers about legal, tax, financial or other matters relevant to the suitability of this information.
Any investment(s) summarised in this website is subject to known and unknown risks, some of which are beyond the control of CAR and their directors, employees, advisers or agents. CAR does not guarantee any particular rate of return or the performance, nor does CAR and its directors personally guarantee the repayment of capital or any particular tax treatment. Past performance is not indicative of future performance.
All investments carry some level of risk, and there is typically a direct relationship between risk and return. We describe what steps we take to mitigate risk (where possible) in the investment documentation, which must be read prior to investing. It is important to note risk cannot be mitigated completely.
Whilst the contents of this website is based on information from sources which CAR considers reliable, its accuracy and completeness cannot be guaranteed. Data is not necessarily audited or independently verified. Any opinions reflect CAR’s judgment at this date and are subject to change. CAR has no obligation to provide revised assessments in the event of changed circumstances. To the extent permitted by law, BCPL, CAR and their directors and employees do not accept any liability for the results of any actions taken or not taken on the basis of information in this website, or for any negligent misstatements, errors or omissions.