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SMEs [small to medium-sized enterprises] to rev up IT&T industry.

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Acting Minister for Communications, Information Technology and the Arts


SMEs to rev up IT&T industry


Small to medium-sized enterprises (SMEs) in Australia’s IT&T industry are a significant source of innovation, job and wealth creation ac cording to a report released today by the Acting Minister for Communications, Information Technology and the Arts, Peter McGauran.


‘Australia’s IT&T industry could really start to rev up if SMEs grasp more opportunities to develop their products and demonstrate their talents,’ said Mr McGauran.


‘Australia must increase the linkages across all areas of the IT&T sector if we are to develop innovative solutions for our industries and overseas markets.’


The report called The IT Engine Room — SMEs in Australia ‘s IT&T industry , was produced by the Department of Communications, Information Technology and the Arts in conjunction with the Australian Information Industries Association. It proposes a number of initiatives based on a win/win approach to help build alliances and accelerate growth.


‘For SMEs in the IT&T sector to achieve their potential they need to establish stronger links with multinationals, R&D organisations, financiers, leading edge customers and Governments to help place them on a faster growth path.’ said Mr McGauran.


The report is particularly timely in the light of the Government’s recent decision to provide $158 million for a number of initiatives to assist SMEs under the Building on IT Strengths (BITS) program. The program which will establish incubator centres for SMEs will have a focus on many areas identified in the report such as business and technical advice, mentoring and start up finance.


This report will be an important input for the detailed development work which will be done with State Governments and other interested parties on implementing the BITS program.


Copies of the report are available from the Department of Communications. Information Technology and the Arts on 02 6271 1725 or by email or online at


Media contact: Terry O’Connor, Senator Alston’s Office 02 6277 7480 

Website: http.// 


14 July 1999



dd  1999-07-15  10:25