The Minister for Industry, Science and Technology Karen Andrews, who is hosting the roundtables - the first of which is taking place today - said strengthening the technology sector is key to Australia’s economic growth and securing jobs for the future.

“From new start-ups to large multinational firms, the tech industry underpins Australia’s ability to create and harness technological advances and remain competitive in a global economy,” Minister Andrews said.

“Digital innovation presents a $315 billion opportunity over the period to 2028 to enhance our technology capabilities.

“Artificial intelligence and big data create new opportunities to grow the economy. Taking advantage of these opportunities will be crucial in reaching our Government’s target of 1.25 million new jobs over the next five years.
“I want to hear from industry leaders firsthand about issues and challenges facing the tech sector like access to skilled workers and the need for balanced regulation.”

Minister Andrews said the roundtables will enhance communication between the Government and the technology sector to develop a relationship that is mutually beneficial and solutions focused.

The Minister said the Government will continue to work with “all Australians to ensure we are forward looking, flexible and responsive to new challenges in technology”.

The first roundtable on Friday focused on start-ups in the tech sector, and the second roundtable on 8 August will bring together larger tech companies, including international players with a presence in Australia.