Frequently Asked Questions

General FAQs

Right from our very beginning in 1817, Westpac has been guided by the same purpose: to support the economic progress of Australian businesses. In two centuries of business we’ve learnt a few simple lessons about supporting the growth of a nation and what matters. So as we enter our third century in business we're supporting Australia's future by providing access, support and programs that will make sure the next 200 years are even better than the last. Through Businesses of Tomorrow program we’ll strengthen Australian businesses with support, knowledge, networks and experiences to help realise their potential.

We will do these things for Australian businesses whether they bank with us or not. Because we believe that to be part of the future you have to play your part in building it.

If you would like more information on the application process, please download the Questions & Criteria Pack Questions & Criteria Pack.

No, the Program is open to any Australian business (provided it meets eligibility criteria) across any industry, in any sector, large or small, new or established.

APPLICATION PERIOD

09/02/2018 – Online applications open

08/04/2018 – Applications close at midnight AEST (Australian Eastern Standard Time)

16/05/2018 – Judging panel interviews top 20 businesses

By July 2018 – Successful applicants notified if their application has been successful or not

July 2018 – Successful applicant’s announcement

REWARD & RECOGNITION PERIOD

July 2018 – First half-day mentoring sessions begin for the top 20 Businesses of Tomorrow

July 2018 – Top 20 Businesses of Tomorrow to select their Professional Services Package, to be consumed by December 2018

September - November 2018 - 3 day in-residence at Melbourne Business School

October 2018 - Second half-day mentoring sessions begin for the top 20 Businesses of Tomorrow

March 2019 – 12 Day global study tour commences for the top 20 Businesses of Tomorrow

Application process

No, there is no fee.

No. The Businesses of Tomorrow Program is open to all Australian businesses, provided they meet the eligibility criteria (see above).

Applications close at midnight AEST (Australian Eastern Standard Time) 08/04/2018.

To submit an application, you must either be the business owner or have authority to apply on behalf of the business. Any Australian business can enter, provided it meets the eligibility criteria.

If you know a business that displays the qualities or a Business of Tomorrow you can also nominate them. When you nominate a business, an email will be generated to that business advising them of your nomination, and the steps they must take to apply.

You can submit one application per business (ABN or ACN).

You can find the Questions & Criteria pack here.

This will vary depending on each business, however, we expect the majority of applicants will be able to complete their submission in no longer than 2 hours. You can save your application and return to it at any time (up until applications close). 

Yes. You can save your application and return to it at any time, up until applications close at midnight AEST on 08/04/2018.

YYou can review and edit your application at any point prior to submission. You will not be able to edit or review the application once it has been submitted or after the application deadline at midnight AEST (Australian Eastern Standard Time) on 08/04/2018.

Yes, individual applications are confidential. Certain information may be discussed publically at an aggregated level, however, no individual business will be identified.

If you do not wish for your submission to be assessed and be a part of the Businesses of Tomorrow program, please email businessesoftomorrow@westpac.com.au and the application will be removed.

Yes, if you are unsuccessful for the 2018 program, you can re-enter in subsequent years.

Judging process

Our judging panel consists of senior executives within Westpac Group, a number of successful Australian business leaders and eminent business experts from academia and the professional services industries. You can find out more about our judges in the judging section.

The Businesses of Tomorrow Program is looking for businesses that are performing well today, with the potential for further growth. Successful businesses will have a clear vision for the future and clarity of purpose. They will have strong and inspiring leadership and a track record of delivery. 

In reviewing applications, the judges will be looking for answers that are accurate, concise and clear.

Independent experts from Deloitte will assess all applications, and together with Westpac representatives, will select the 200 Businesses of Tomorrow based on the application criteria.

From the group of 200, the Judging Panel will select the Top 20 Businesses of Tomorrow. This is based on their ability to not only demonstrate their vision through the application criteria; they will also be seen to have greater potential to help tomorrow’s customers, economy and society

Please note that the judges’ decision will be final and no correspondence will be entered into.

We will contact all applicants in late May 2018 regardless of the outcome.

The 2018 Businesses of Tomorrow winners will be announced in national media in June 2018.

Rewards

The 200 successful businesses will be contacted in June 2018 to explain the rewards including the 3-Day Melbourne Business School program and use of the 2018 winner’s logo.

The Top 20 program will commence from July 2018 including one-on-one mentoring, a global study tour, and professional services package.

Please note that prizes are not transferrable or redeemable for cash.

Yes. Refer to the Terms and Conditions here.

Security

You will not need a password to access to your application. A direct link will be sent to your registered email to access your application.

Your application progress is saved automatically, so you don’t need to complete the entire application in one go. When you’re ready to continue, you can access the application via the application link sent to your email and pick it up where you left off.

The application link sent to your email will only be associated with your specific application and only accessible via the link. Don’t worry if you’ve lost the original email. Simply visit our Resume application page and we will send a new application link to your email.

Yes. As the new the application process eliminates the need for accounts and passwords, the security of the direct access link sent to the registered email address will be the upon the responsibility of the applicant. Please be mindful of this when sharing the email.

Don’t stress if you can’t remember your email, all we need is the full name of the applicant and the corresponding ABN used for the Business of Tomorrow application.

If these are validated against our records, we will give you a hint to help you track down the correct email address. Click here to retrieve your forgotten email address.

For more information or queries, please contact businessesoftomorrow@westpac.com.au.