Two Australian franchises have been announced as winners of The International Franchise Association’s (IFA) NextGen in Franchising Global Competition, a high honour and further proof of the calibre and ongoing strength of the Australian Franchising Sector.
Representing Australia, the winners – Jai Hobbs, Co-Founder Paleo Café, and Jacob Foster, Managing Director FCF Fire and Electrical – were two out of 20 global winners of the NextGen in Franchising Competition for 2015.
Applications were open to young entrepreneurs in business for between one and five years with a company that could scale through franchising and who bought forward innovative ideas for existing franchise companies. The competition rewards these entrepreneurs with incredible access to the most successful entrepreneurs, executives, experts and financiers in the franchise industry.
Amongst many major prizes, the two Australian winners will receive a trip to the 2016 International Franchise Association Annual Convention in San Antonio, Texas and USA to attend the NextGen Summit with the FCA funding travel and accommodation costs for this major event.
FCA Chairman Michael Paul congratulated the two Australian winners and said that the representation and participation of the many businesses who entered is proof that the Franchising Sector is booming here in Australia.
“The competition is a fantastic initiative which has been brought about as a result of the partnership between the franchising peak bodies, the FCA in Australia and the USA’s IFA and succeeds in engaging young entrepreneurs to bring new ideas and thinking into this great industry,” Michael said.
“The competition has proven a huge success, and allows winners to discuss new concepts and innovative ways of thinking to take franchising into the future – and ensure the sector in Australia continues to flourish. Winners also get the opportunity to learn about the latest trends in the industry and to grow both on a personal and professional level,” he added.
The FCA’s very close involvement in the campaign demonstrates Australia’s commitment to further strengthening the industry and to encouraging Australians to experience the many opportunities and benefits that are associated with being involved in the franchising industry.