EY Sponsors York Butter Factory

As startups begin to scale, it can be challenging to work through the various financial, reporting, and regulatory requirements that come with growth. That’s why we’re proud to announce global accounting firm Ernst & Young’s (EY) sponsorship of YBF to help startups through their journey.

EY and YBF will be conducting regular office hours and clinics with YBF startups, tackling topics such as the R&D Incentive, cash flow management, financial modelling and others.

From the official announcement:

David McGregor, EY Technology, Media & Entertainment and Telecommunications Leader said the sponsorship of YBF was centred around assisting the three-year-old business with the next stage of its growth strategy and broadly supporting the Melbourne entrepreneur ecosystem.

“Melbourne has proven itself time again as a great melting pot of entrepreneurs, rivalling Sydney as a centre for technology start-ups. Australia is fast climbing the ranks as a global hub for innovation and entrepreneurs, yet at this stage, the potential to grow this community is largely untapped,” Mr McGregor said.

Mr McGregor said as part of the sponsorship, EY will work with YBF to provide a range of services, experience and connections to promote and improve the skills of its entrepreneur community, leveraging the skills of EY’s global network.

“One of our aims is to help YBF members create new relationships with financiers, customers, potential partners and acquirers to help them achieve their business goals.

“Given the appetite for new partnerships and M&A within the middle market, there are obvious synergies in linking innovative start-ups with larger corporates,” Mr McGregor said.

To read the full announcement, please follow this link.