Industry minister Ian Macfarlane has said his government is trying to help create an environment where mid-sized businesses can expand.
Writing in an opinion column for The Australian, Macfarlane has held up Cochlear as an example of an Australian business not being limited by the country’s size.
Spruiking the Entrepreneurs’ Infrastructure Programme, announced in the May budget and worth $484.2 million over four years, Macfarlane said an environment where SMEs could thrive.
The programme has three streams, including in business improvement, research connections and commercialisation, with the latter to “include a range of tailored commercialisation services, designed to assist entrepreneurs and innovative businesses enhance their prospects of commercial success.”
The EIP is currently offering Business Evaluations and Business Growth Grants, with “Research Connections and Commercialising Ideas streams of the Programme will come online in late 2014,” according to its website.
Macfarlane also mentioned that the government was “working with business” on ideas to increase the competitiveness of manufacturing, such as “options to reduce the costs of energy and regulation on Australian businesses”.