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Funding lifts IT companies

A handful of SA technology companies will receive up to $400,000 each from IT incubator the Playford Centre by August.

The centre received $10 million from the Federal Government's BITS imitative last week with about $ million to go immediately to IT and communications companies, Playford Centre chief executive Geoff Thomas said.

"We've got four to five companies already penciled in for $250,000 to $400,000 each. We're looking across the board at anything to do with information technology and communications," Mr Thomas said. Two of the targeted companies are software makers - Practical Programs and Online Network Direct.

Practical Programs' DataViewer software simplifies the way companies retrieve and manage large format scanned documents via the Internet and it has started talks with 19 companies to distribute the software throughout Europe.

Meanwhile, three-month-old Online Network Direct is targeting small to medium Australian wholesalers with e-commerce software to display catalogues to their customers on the Internet.

National sales and marketing manager Stephen Duffy said the company should reach a $500,000 turnover by the end of the year with its $1000 software package.

Funding from the Playford Centre would accelerate marketing and product development for a business-to-consumer product, Me Duffy said.

"The funding means we can do things a bit quicker," he said.

 

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