2021 Industry Leaders Fund Awards ceremony: summary, pictures and media coverage, Scholars in the Media, Scholar events
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2021 ILF Awards ceremony summary
Record numbers of South Australian business leaders have been awarded the opportunity to expand their companies and workforces through the 2021 Industry Leaders Fund (ILF) program.
The 39 Scholars were awarded grants worth a combined $514,000, topping the ILF’s annual total for its 12-year history, with 15 women amongst successful candidates.
The new Scholars were presented with their grants on Monday, September 27, by the SA Premier, the Hon Steven Marshall, MP, at the National Wine Centre. There has been positive feedback, significant media interest, much LinkedIn activity since.
This year marked the second awarding of the Colin J Peters AM Memorial Award, instigated by the family of Fund architect and former chief executive of Castalloy. It recognises a business leader who has made the biggest difference in employment and wealth generation in South Australia.
Nova Systems chairman and former SA chief entrepreneur Jim Whalley, flying in from Perth from an historic grand final win for his beloved Melbourne Demons, inspired the 250 strong audience with his optimism for South Australian businesses and their innovation as he led the ceremony.
His views were reinforced by Professor Karen Nelson-Field (ILF2019), who spoke to the audience of her invaluable experience at Harvard Business School and the enormous impact the grant had on driving her communications business, Centre for Amplified Intelligence.
From the CEO Geoff Vogt:
Firstly, a big welcome to our 2021 Scholars. I hope you enjoy reading the bulletin. We aim to publish it on the first Tuesday of the month at or close to 11am.
September has seen the culmination of a year of planning with the 2021 Awards Ceremony at the Wine Centre last Monday. You can read about it and see some of the photos from the evening in this bulletin.
In addition to preparing for the awards ceremony the Industry Leaders Chairman’s Foundation was brought to life after sitting dormant for a decade. This was necessary to accommodate the David McNeil Living Bequest, announced on Monday night, and another significant donation made to the Foundation.
The location for the cocktail function with Young Australian of the Year, Isobel Marshall has been locked in at SAHMRI. This is appropriate for a discussion about an entrepreneurial journey, especially when it involves a universal women’s health issue. All the details are included in this edition of the bulletin and invitations will be sent shortly. Invitations are sent through Greenvelope. Several Scholars have reported these can be identified as spam and diverted from inboxes, so please keep your IT eyes open in case that happens to you.
A significant announcement during September was the South Australian Exporter of the Year award winners, with Scholars well represented.
Articles I found interesting this month include:
· The five most important ransomware attacks in 2021. With Cyber-attacks up 900% in 2021 compared with the same period in 2020 this article provides a concise summary of key lessons to counter this growing menace.
· The cost of gas in Europe is going sky high and causing energy intensive industry shut-downs. Since the article was published a week and half ago the problem has spread around the world faster than a pandemic, with alumina plants in Mexico closed as well. This will disrupt supply chains further if it continues. These reports bring to mind the bumper stickers that were placed on Monaro’s and Falcon GT’s during the energy crisis in the late 1970’s which said, “I own the car but the petrol is on hire purchase”.
· Rocking the Foundations is a strange title for an article about the latest digital buzz words. It explains the meaning and why each of the ten terms listed is important.
· Living with Covid - what might it look like from a Virologist Investment analyst point of view. We will need to live with it, but it will become easier. Better vaccines, development of treatments or cures and other innovations will help. The article lists a number of companies she has invested funds in.
· China’s new development strategy: greener, less unequal, more sustainable. The title says it all. Seems to me the content is balanced, not anti nor pro-China.
· Lifting the curtain on the Dark Web Economy, all you need to know about the dark web and more.
There some true gems amongst the media stories about ILF Scholar businesses.
Read more of the October CEO Report here>
SAVE THE DATE: Young Australian of the Year Isobel Marshall cocktail event, October 26, at SAHMRI, from 5.30-8.00pm.
Be inspired by South Australia’s own Isobel Marshall, a social entrepreneur and the 2021 Young Australian of the Year, at a cocktail function sponsored by William Buck and supported by SAHMRI.
At just 18 years of age, Isobel Marshall co-founded TABOO with school friend Eloise Hall, to help women around the world by breaking down stigma around menstruation and providing greater access to hygiene products.
A tour of the building is included as part of this event. Invitations to be issued during October.
SAVE THE DATE: Personal Investing Breakfast: 29 November, Mayfair Hotel, 7.30am.
SA Exporter of the Year Awards winners:
Award winners at the awards included: Mighty Kingdom - Hannah Murdoch (ILF2017), for Creative Industries and REDARC Electronics - Anthony Kittel (ILF 2010), Ben Marsh (ILF2013), Tarnia Conti (ILF2019) and Tom Cross (ILF2020) for Sustainability.
ILFSN wearable logo
New magnetic wearable Scholars Network logo have arrived. You told us you did not like the pins and we listened. They are depicted assembled and disassembled in the photo. They make a great talking point and demonstrate to the world that you are part of a very special network. The magnets are super strong.
Scholars who attended the Awards night will have received one there. Those who do not have one are welcome to call at the office to collect one, but phone first to make sure Suzi will be here. Otherwise you can collect one at the next ILF Scholars function you attend.
Extras are available at cost, $5 per badge. Why not get one for each of your business outfits. We do not have credit card facilities at present so cash is the only payment method. Please arrange through Suzi.
October Readings:
Digital Terms Update Stock take
Rocking the Foundations is a strange title for an article about the latest digital buzz words. l expect the millennials amongst us will have heard of all of these; DARPA, Edge computing, Facial recognition, Genomics, HCD (Human Centred Design), Industry 5.0, Journey Map, Ransomware, Quantum Supremacy, and Unhackable Internet.
The last one was of particular interest to me but seems to be some way away. The beauty of the article is you can scroll to the term you want to learn more about. It explains the meaning and why each of them is important. Otherwise it is a long read.
Cyber-attacks up 900% in 2021 compared with the same period in 2020.
The five most important ransomware attacks in 2021. A short well-structured article with practical key lessons easily identified.
What happens when the economy opens up?
A professional investor’s view of opportunities after the economy opens up. This investor has a PhD in Virology, understands drug and gene therapy and seems quite practical in her approach.
The article is quite long but has little summaries in italics which give a flavour if you are in a hurry.
China - the future
This lengthy article is, in my view, a must read. Written by emerging market investment powerhouse, Ashmore, it cuts away the politics and tension and assesses what the aim of China is, and how its economy is likely to evolve. I have been following Ashmore for twenty years and although they do not get their investment decisions right all of the time they have impeccable economic intelligence sources.
Lifting the curtain on the Dark Web Economy
In five pages, this article by Jessica Mudditt and published in CPA Australia’s In the Black Magazine, told me everything I did not know about the Dark Web; what it is, how it works, how it can be accessed, why businesses need to be careful of it etc.
It is the first time I have seen this detail disclosed.
Gas price rise of 300% in Europe shutting down industry
The cost of gas is causing industry production cuts in Europe and it could get with worldwide ramifications.
Caused by multiple factors including depleted gas stocks due to a very cold 2020/21 winter not able to be replenished in summer due to Covid deferred pipeline maintenance and a lack of wind amongst other things.
This article is the first I have seen on the subject. It is important because gas operates in a world market and:
- it could slow supplies of manufacturing inputs from Europe and the rest of the world into Australia
- the price increases could very quickly flow through to Australia.
Scholars in the Media:
Corrina Wright (ILF2012) and Andrew Kay (ILF2014)
Wine industry moves to nurture existing and emerging markets in the wake of Beijing snub.
Michael Hickinbotham (ILF2020)
Hickinbotham Homes increases output to entrench reputation as number one home builder in SA.
David Haley (ILF2018), Iain Cartwright & Julie Johnson (ILF2019)
Myriota to expand services using global network of satellites with US space group Spire Global.
David Haley (ILF2018), Iain Cartwright & Julie Johnson (ILF2019)
Adelaide space data firm signs new deal to expand communications network for Defence Department.
Jock Duncan (ILF2011) & Peter Charlesworth (ILF2013)
Withdrawal from Afghanistan to create minor loss of revenue for Codan.
Dr Michael Riese (ILF2012)
Cold Logic's BDM shares his views on why it's time for a training levy.
Virginia Suttell (ILF2019)
SA oil and gas company Cooper Energy in the hunt for new CFO.
Anthony Kittel (ILF 2010), Ben Marsh (ILF2013), Tarnia Conti (ILF2019) and Tom Cross (ILF2010)
REDARC launches emergency services and military hardware.
Nektarios Nicolaou (ILF2018)
Thomas Foods offers cash incentive to workers to get vaccine. Also, its new meat processing plant at Murray Bridge is taking shape.
Rebecca McDonald (ILF2011), Dr Sarah Cannard (ILF2014) and Bradley Spencer (ILF2018).
Australia needs a more active defence industry policy to match graduates to projects, defence experts say.
Shaun Westcott (ILF2018)
Mitsubishi says hybrid models are being discriminated through subsidies for electric vehicles.
Scholars in The Media
Please send us your news for inclusion in the bulletin.
Social Photos: 2021 ILF Awards ceremony
Jim Whalley, Karen Nelson-Field, Patrick Power, Hon. Steven Marshall, MP, Richard Colebatch, Geoff Vogt
Ben Klason, David McNeil
