Start-ups to benefit from ICT procurement bidding initiative

Minister for Finance and Services has unveiled changes intended to help start-ups get noticed

The NSW Government has launched a bidding initiative to encourage greater collaboration through the ICT procurement process.

Unveiled by the NSW Minister for Finance and Services, Dominic Perrottet, on June 25, the goal of the changes to ICT procurement practices is to make it easier for start-ups to demonstrate value for money.

“From October, we’re encouraging the innovation community to bid for short term (up to 75 days) contracts up to $250,000,” Perrottet said.

“We now want to make it easier for small or medium enterprises to demonstrate potential value for money on ideas in the proof of concept phase of development.”

Perrottet claims that changing the risk associated with these contracts will encourage the public sector to explore more innovative solutions, which will in turn benefit disruptive small businesses.

The initiative was revealed at the launch of the 2014 NSW iAwards at the University of Technology, Sydney (UTS), a program from which Perrottet claims the public sector could learn a lot.

The ACS-hosted iAwards recognise ICT ideas across development, industry pioneer, professional service, society, and students.

“These awards demonstrate that innovation in the sector comes in many forms.”

“The NSW Government is a proud supporter of innovation in all areas of ICT and congratulates the iAwards as it celebrates its 20th anniversary this year.”

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Tags initiativeiAwardsNSW Governmentdominic perrottetMinister for Finance and Servicesbiddingstart-upUTS

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