Newcastle-based electronic security company, Electronic Security Technologies has announced that Managing Director, Nathan Cayirylys was chosen as a recipient of the Scaling Business Scholarship.

The scholarship, provided by the Advisory Board Centre was awarded to just eight recipients in round one, with applications received from across the Asia-Pacific region.

Among the eight recipients are individuals from ACT, QLD, Singapore, and Newcastle.

The Advisory Board Centre Scaling Business Scholarship is a $150,000 investment into 100 business leaders across the Asia-Pacific region which provides access to knowledge and networks to support business growth and economic recovery.

It is anticipated that this investment in scaling businesses will drive economic impact and prosperity by equipping leaders to thrive in constantly changing and competitive business environments.

The phone call from the Advisory Board Centre surprised Nathan, who admitted his application for the scholarship had slipped his mind.

“I’m so invested in operational matters at present that I completely forgot I’d applied for the scholarship,” he said.

“I was very surprised to hear I was a recipient and very humbled; it’s great to be recognised as the leader of a high-growth potential business.”

When asked what he is hoping to gain from his involvement in the Scaling Business program, Nathan cited an adage.

“What you don’t know, you don’t know, and there’s a lot I still don’t know about governance, strategy, and how to achieve scale in my business,” he said.

“I’m looking forward to drawing on the expertise of the advisory community and growing my professional network across borders.”

Advisory Board Centre Founder and CEO, Louise Broekman said scaling businesses plays a crucial role in driving economic growth both locally and internationally.

“The Scaling Business Scholarship will provide Business Owners and Leaders, who provide valuable products, services, and employment, with the confidence to thrive in uncertainty and volatility by enabling critical thinking, access to practical advice and robust scalable governance frameworks that support both quality and speed,” Louise said.

In a win for our region, Nathan was joined by another Newcastle-based business owner, Dennis Mirosevich of Orbit Futures.

IMAGE | Managing Director of Electronic Security Technologies, Nathan Cayirylys receives Scaling Business Scholarship.