The Westpac-Melbourne Institute SME Index (the Index), which examines the economic health of Australian small and medium sized enterprises (SMEs), shows business confidence is in slight positive territory heading into the holiday season. The Index rose from 100.7 in Q3 2017 to 101.8 in Q4 2017. The uplift in confidence is being supported by a solid improvement … Continue reading SME sentiments positive heading to the close of 2017
This week, NSW Deputy Premier and Minister for Small Business John Barilaro released the results of a new national survey of small business views on cyber security. The survey of more than 1,000 small businesses shows that firms rate cybercrime as their third biggest business risk, behind overheads and chasing payments. Barilaro said businesses rated … Continue reading Cybercrime a key concern for small businesses
A project involving 16 South Australian SME manufacturing companies, global 3D design and virtualisation software company Dassault Systèmes, the South Australian Government, ICT services company ASG, and others, will prepare SA manufacturers for opportunities available only to those with digital capabilities. The Advanced Manufacturing Growth Centre (AMGC) -supported Dassault Systèmes Virtual Shipyard development program will … Continue reading Advanced manufacturing capability in SA to be increased
Siemens has announced an industrial software grant of $447 million commercial value of Siemens’ product lifecycle management (PLM) software to the University of Western Australia (UWA). This grant is part of a broader program of what is expected to amount to about $1 billion in hi-tech Siemens PLM industrial software grants to select universities across … Continue reading $1b of grants to prep students for digital economy
Twenty industry-led projects set to boost the innovation, productivity and competitiveness of Australia’s medical technology and pharmaceutical (MTP) sector will receive a $7.4 million injection of funds from the Australian Government. Assistant Minister for Industry, Innovation and Science Craig Laundy announced the 2017 recipients of the MTPConnect Project Fund program, who will dollar match the government … Continue reading $7.4 million invested in MTP innovations
A BIS Oxford Economics report highlights the breadth and scale of the leading aerospace company’s growth in this part of the world. Based on 2016 data, Boeing generates nearly $1.3 billion for the Australian economy and supports more than 9,300 direct and indirect jobs through its high-tech operations including advanced manufacturing, defence, research and development, … Continue reading Boeing injected $1.3b to Australian GDP in 2016
The Minister for Finance, Services and Property Victor Dominello joined The Duke of York, Prince Andrew, at the official opening of a new state-of-the-art business innovation centre funded by the NSW Government at Macquarie University. The Deputy Premier and Minister for Small Business John Barilaro said the Macquarie University Incubator will bring university researchers together … Continue reading Macquarie University incubator launched
Last week, the Ministry of Industry, Innovation and Science announced that 18 Australian researchers and 11 small-to-medium enterprises (SMEs) will share in $1.4 million in government grants to meet and collaborate with global partners to progress their ideas. Minister Arthur Sinodinos said that the grants, under the Global Connections Fund, will provide seed funding to help viable … Continue reading $1.4 million in grants to help Australian researchers and SMEs go global
One of the down-selected tenderers for the LAND 400 contract, BAE Systems, has revealed the SMEs it will team with if it wins the tender. The company has named Victorian firms Marand, MOOG Australia, Motec, AME Systems, RUAG Australia, DVR Engineering, Milspec and APV as the companies it will be working with. The LAND 400 … Continue reading BAE Systems reveals potential partners for LAND 400
An Australian government fund is helping Australian manufacturers cooperation with international partners. The federal government’s Global Connections Fund (GCF) helps local small-to-medium enterprises (SMEs) link up with companies and researchers overseas. The second round of the priming grants component opened last Friday. The fund offers A $7000 grants to boost international collaboration. The GCF is … Continue reading Government fund to help local manufacturers collaborate internationally
Australia’s SME manufacturers are owed A$2.9 billion in unpaid bills which is costing them growth opportunities, according to new research from the Invoice Market (IM). The IM report shows that small and medium enterprises (SMEs) are each owed $35,833 on average by debtors. It also finds that 37 per cent of manufacturing SMEs have no … Continue reading SME manufacturers cash flow crisis costs them growth
New research has suggested that manufacturing SMEs should promote a culture which supports “customer-centric manufacturing”.
Australian SMEs are generally unenthusiastic about the current environment and more optimistic about the year’s fourth quarter – a mood reflected by manufacturing SMEs – according to an economic survey released today.
Kate Carnell, a business lobbyist and former ACT Chief Minister, will become Australia’s first Small Business and Family Enterprise Ombudsman.
The adults are back in charge in Canberra.
Legislation providing small businesses with the same sorts of protections from unfair contracts as consumers enjoy, has passed through parliament.
The Senate yesterday passed a bill to give small businesses the same protections against unfair contracts that consumers currently enjoy.
Coalition MPs are voicing their concerns about Prime Minister Tony Abbott’s decision to delay action on an ‘effects test’ which would protect small business from big business power.
Brent Balinski spoke to Professor Peter Gahan from the University of Melbourne and Jeffery Yeh from Homart Pharmaceuticals about the importance of High Performance Work Practices to small and medium enterprise companies.
Under the leadership of Lynn Johnson $446 million worth of offshore and national supply contracts have been secured by Victorian SMEs, and for this she has been awarded the 2014 Women in Industry Excellence in Manufacturing Award.