Critical.
Authoritative.
Strategic.
Subscribe to CIO Magazine »

NSW gov to spend $6.7 million to drive ICT collaboration

Innovate NSW part of state response to industry action plan for digital economy.

The New South Wales government will spend $6.7 million over four years for Innovate NSW, an initiative meant to drive collaboration among small and medium enterprises, researchers, major corporations and end users.

Innovate NSW will “provide matched financial assistance of up to $15,000 for around 250 individual firms with high growth potential for market or technology validation opportunities,” said the NSW department of trade and investment.

“Innovate NSW will support collaborative projects with the potential to leverage significant investment and unlock sustained economic growth for the State,” said NSW deputy premier and minister for trade and investment, Andrew Stoner.

“It will provide targeted assistance to promote collaboration between innovative SMEs and global corporate partners to bring new products and services to market, and open up new high growth business and export opportunities.”

Grants are to be prioritised for key issues in manufacturing, professional services, the digital economy and international education and research, Stoner said. Those include “port logistics, online education, agri-food manufacturing and energy technology and services,” he said.

“In a globally competitive environment we can no longer afford to allow limited resources, barriers to international markets, knowledge flows, weak intellectual asset management and lack of entrepreneurial capital act as brakes on our potential,” Stoner said.

The initiative was announced as part of the NSW government’s response to a September industry action plan on the digital economy.

“The high-level Taskforce established to develop this Plan identified the critical need for NSW to build on its digital strengths, with this sector playing a vital role in enabling innovation and productivity gains across other priority sectors in the NSW economy,” Stoner said.

“The Taskforce identified 50 actions for industry and government across seven areas including digital leadership and skills, connecting regional communities, open data innovation, growing Sydney’s Digital Precinct, improving finance and investment channels, and driving infrastructure productivity.”

Besides Innovate NSW, under the plan the NSW government will:

  • Consider ways to make it easier for businesses to bid for government procurement contracts
  • Pilot smart work hubs for teleworking
  • Implement the state’s open data initiative
  • Partner with the Committee for Sydney to work on initiatives to make Sydney a “global talent hub”
  • Roll out more free WiFi hotspots to 139 libraries across the state and continue digitisation of libraries.

Follow Adam Bender on Twitter: @WatchAdam

Follow Computerworld Australia on Twitter: @ComputerworldAU, or take part in the Computerworld conversation on LinkedIn: Computerworld Australia

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

More about: Andrew
References show all
Comments are now closed.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: funding, ICT, grants, New South Wales, Innovate NSW, Andrew Stoner
Latest Blog Posts
Whitepapers
  • Manufacturing Overview
    An enterprise resource planning (ERP) software solution provides the ability to access the right information, from the right source, at the right time, empowering all users throughout the supply chain. This report explains how your solution can identify the resources needed to capture, produce, ship, and account for customer orders, while supporting the various manufacturing processes.
    Learn more »
  • Avoiding Common Pitfalls of Evaluating and Implementing DCIM Solutions
    While many who invest in Data Centre Infrastructure Management (DCIM) software benefit greatly, some do not. Research has revealed a number of pitfalls that end users should avoid when evaluating and implementing DCIM solutions. Choosing an inappropriate solution, relying on inadequate processes, and a lack of commitment / ownership / knowledge can each undermine a chosen toolset’s ability to deliver the value it was designed to provide. This paper describes these common pitfalls and provides practical guidance on how to avoid them.
    Learn more »
  • Information Management
    Valuable data can be a needle in a haystack, but by leveraging the value in existing information assets, organisations can generate real and achievable gains in revenue generation, IT investments and productivity gains. This whitepaper discusses how Information Management (IM) is a multi-faceted discipline that can be employed to meet or exceed your business objectives.
    Learn more »
All whitepapers
rhs_login_lockGet exclusive access to Invitation only events CIO, reports & analysis.
Salary Calculator

Supplied by

View the full Peoplebank ICT Salary & Employment Index

Recent comments