Victorian recycling and resource recovery company Repurpose It has been named one of Westpac’s Businesses of Tomorrow for 2018.
The program showcases businesses that have shown adaptability, resilience, value to customers and a readiness to meet challenges of the future.
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Repurpose It was named one of the top 20 businesses and will receive a two-week study tour to Silicon Valley and a tailored $50,000 professional services package from their choice of select providers offering legal services, PR and communications, customer relationship management and management consulting.
Repurpose It’s George Hatzimanolis said the company is extremely proud to be recognised as one of this year’s top 20 Businesses of Tomorrow by Westpac.
“Selected from over 2000 applicants across multiple industries, we are honoured to represent the resource recovery sector and hope to demonstrate the innovative spirit that is strongly engrained across our industry as we convert waste to resource for future generations,” George says.
Repurpose It is in the process of installing Australia’s first construction and demolition waste washing plant, which will treat the residual waste from materials recovery facilities (MRFs) and process it back into materials suitable for civil construction. Based in Melbourne, Repurpose It will wash materials including rail ballast, glass, excavated materials and demolition waste fines.
The top 20 will also take part in a mentor matching program with notable Australian business leaders.
Westpac Business Bank Chief Executive and 2018 program judge David Lindberg said this year’s applicants demonstrated the scale of movement of the Australian economy into a digital world.
“The digital economy is predicted to be worth $139 billion by 2020 to the Australian economy – as a key driver of change in the future. This year’s businesses reflect the drive that’s disrupting and shaping the industries they operate in,” he said.
“Almost three quarters of the top twenty businesses are directly involved in technology or software development and this year also saw an increase in microbusiness applicants, including early stage tech businesses, which increased almost threefold from 2017.”
“This tells me leading Australian businesses are capitalising on the opportunities for growth. They’re breaking new markets, developing technology that helps people with autism gain employment, providing better analysis for solar energy users, using technology to make prescription glasses more durable and affordable and transforming waste into useful materials.”
Pictured: Repurpose It’s George Hatzimanolis.