Westpac turns 200: Backs 200 local businesses and launches Bump savings account

Alison Banney 7 April 2017

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The top 20 Australian businesses in the program will receive personal mentoring from industry leaders and tailored business packages worth $100,000.

To celebrate its bicentenary year, Westpac announced its 200 Businesses of Tomorrow as part of the bank's annual program acknowledging and rewarding up-and-coming businesses driving the economy.

The 200 businesses recognised by the bank are seen as having a real potential to boost the nation's future and help the communities of tomorrow, with almost half (40%) being technology based businesses.

The program facilitates collaboration and valuable networking opportunities, with the businesses recently gathering at an exclusive summit hosted by Westpac in Sydney.

"Truly remarkable things happen when businesses come together; and we know that networking and collaboration are among the top drivers of success," Westpac business bank CEO David Lindberg said.

"Bringing together 200 businesses that all have the potential to shape our nation’s future presents an opportunity for the Australian business community. We are helping the next generation of Australian businesses to thrive and succeed in a changing world."

The top 20 businesses in the program announced today include peer-to-peer car sharing service Car Next Door, baby sleepwear company Love to Dream and global data room provider Ansarada.

The top 20 businesses will each receive a tailored mentoring program with some key industry influencers including Carla Zampatti and Ita Buttrose, a $100,000 professional services package and a study tour in the US and China.

You can see a full list of the 200 Businesses of Tomorrow on Westpac's website.

Westpac Bump savings account initiative to launch tomorrow

Also in line with the banks 200th birthday celebrations, Westpac will tomorrow on 8 April officially launch its bump savings account initiative, promising to give $200 to all Australian babies born this year.

If you’ve had a baby between 1 January 2017 and now, or you’re expecting a baby before 31 December, you’re eligible for the $200 payment (provided you have a permanent Australian residential address).

While Westpac is yet to reveal the full range of terms and conditions associated with the account, including the interest rate, it confirmed the account will have no fees and the $200 cannot be withdrawn until the child turns 16.

Parents can express interest in the account online for this account.

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