The NSW Government is urging start-up companies and small to medium enterprises (SMEs) to adopt a global export focus, in order to dramatically accelerate growth and create more jobs.
Deputy Premier and Minister for Small Business, John Barilaro said that start-ups across New South Wales were in a perfect position to offer products and services to Asia.
“Trade exposure can unlock a cycle of productivity, income and jobs growth, and help businesses of any size meet the challenge of overseas competition,” Mr Barilaro said.
“Rising incomes, rapid urbanisation and changing lifestyles are driving consumption changes across Asia and over the past 10 years Australia has entered into free trade agreements which have reduced tariffs and opened market access across Asia.”
He said that providing greater access to early stage funding would accelerate the growth of new jobs.
“Over the past six years fast growing small and medium enterprises, which make up six per cent of NSW firms, have created more than one million new jobs for the State.”
Speaking to a start-up audience today at Haymarket HQ, a not-for-profit incubator in Sydney’s Chinatown set up to help target Asian markets, Jobs for NSW Chair, David Thodey, said the private sector-led and NSW Government-backed initiative is encouraging a “born global” approach to business planning.
“We want New South Wales to be the state of choice for these entrepreneurial businesses,” Mr Thodey said.
Jobs for NSW CEO Karen Borg said Jobs for NSW is helping start-ups on their path with financial assistance to test business models and expand their customer base.
“We’re also supporting SMEs with loan products to help them access growth finance, and enable their capacity to export,” Ms Borg added.
For further information on Jobs for NSW visit www.jobsfornsw.com.au.