Australia’s SMEs are the backbone of the Australian economy, employing seven million people and accounting for 57 per cent of the nation’s GDP.
But these companies are facing both significant challenges and opportunities in a globalised marketplace, disrupted by technological advances and the arrival of nimble market entrants.
NAB is committed to promoting growth opportunities for Australian SMEs. We believe it is critical that other stakeholders – government, and both private and public institutions – help Australian SMEs futureproof themselves by embracing innovative solutions. Innovation is continuous improvement and this is increasingly essential in order for businesses to thrive.