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Renewed NIES commitment good news for ACT business



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I MteE D I ATE REIjE A S ^ I TUE S DAY 14 MAY 199 i W E T T

RENEWED NIES COMMITMENT GOOD NEWS FOR ACT BUSINESS

The National Industry Extension Service (NIES) partnership between the ACT and Commonwealth Governments is to be

.continued for another four years.

An agreement was signed in Canberra today by the ACT Chief Minister, Mr Trevor Kaine, arid the Federal Minister for Small

Business and Customs, Mr David Beddall.

“■The Commonwealth Government has provided more than $400,000 to help establish and support NIES in the ACT," Mr Beddall

said.

"NIES is an important co-operative effort between the

Commonwealth and the ACT Governments."

Mr Kaine said that'the signing of the agreement showed his Government's determination to support the development of ACT

firms that could compete in national and international

markets. ■

"The NIES partnership with the Commonwealth gives us a

valuable vehicle to do this." . . . ·

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"In■the first years of NIES in the ACT, we have seen more than 30 local companies introduced to the best management practice to help them develop the skills they need to compete internationally," Mr Kaine said. ■ .

Examples of successful products developed by NIES-assisted companies in the ACT include:

- CEA Technology's vessel traffic system: a leading-edge surface radar device which is already being sold into US

markets. '

- Canberra Professional Equipment's integrated video cassette recording and monitor: this innovative product involves the successful integration of major componentry items to provide a more usable teacher/training aid. This product is considered

to have excellent export potential.

"We want to see such initiatives continue. Today's agreement

with the Commonwealth will make that possible," Mr Kaine said.

NIES is providing ACT firms with information and subsidised assistance in developing business plans that will help companies identify and develop their comparative advantage. Special emphasis is now to be placed on the further development of enabling strategies in areas such as marketing,

innovation, design and quality. Performance in these areas ·

will be critical for development and success in the future.

CANBERRA" ' Contact:

Mr Kaine's Office Rod Woolley -

· (06) 275 8569 (W) ·.

• ■ (06) 285 3687 (H)

Mr Beddall's Office

John Mcllwain

(06) 277 "7080 (W)