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Software innovation and technology 'on show'



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Software innovation and technology 'on show' The Minister for Communications, Information Technology and the Arts, Senator Richard Alston, today opened the 2001 Australian Information Industry Association's (AIIA) Software Showcase.

The Software Showcase is an opportunity for all Australian software developers to display their capabilities and to locate potential alliance partners, distributors and financiers.

The Federal Government has been a strong financial supporter since the showcases started in 1996. The showcases have gone a long way towards helping Australian entrepreneurs make the most of the valuable intellectual property they have established.

MYstaff Pty Ltd, is just one example of what can be achieved by showcase participants.

Seeking a new direction with a powerful product, Mystaff found the capital and support they needed through the showcase in the form of technology incubator ITem3 funded through the Federal Government's Building IT Strengths (BITS) program. A year later, rebadged, and with customers including the Parramatta Council and the Institute for International Health, MYstaff has gone on to become one of ITem3's most successful investee companies.

The Government's $2.9 billion Innovation Action Plan, Backing Australia's Ability, provides support for innovative Australian ICT ideas, such as those generated by the local software industry to be commercialised.

Backing Australia's Ability builds on the suite of existing Government measures, like the venture capital reforms, the Innovation Investment Funds and the Building on IT Strengths incubator and advanced network program, to ensure that the ICT sector and Australians more widely gain maximum benefit from the information economy.

New software-based businesses are the vanguard of innovation. Australia is well positioned

to continue to build on our existing strength in software.

Once again the AIIA is showcasing another impressive array of diverse, leading-edge Australian technologies, a further indication of the bright future for Australia's technology industries.

Media contact: Sasha Grebe 02 6277 7480 or 0409 445 246 Website: www.richardalston.dcita.gov.au

208/01 5 September 2001

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