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Week in brief June 26 2012

Category: News

All the smaller business-related news to emerge this week, including: Webinar to get in on Amazon action; Department of Commerce’s Innovation Centre of Western Australia; SMEs a major force in China; and more.


At 0900 this coming Thursday the Export Council of Australia and Access USA are hosting a webinar on the opportunities for Australian companies looking to sell successfully to, Amazon.com, the largest online retailer in the world. US speakers will include Divisional Merchandise Manager at Amazon.com, Pablo Celi, and Amazon marketing guru, Jeff Gray. We’re told that Amazon.com has over 140 million active customers across the globe, so if you’re looking to get in on that action click here.


Business Foundations has won a tender to operate the Department of Commerce’s Innovation Centre of Western Australia. Located at Technology Park, Bentley, the Innovation Centre provides the infrastructure and services to increase the commercial potential of SMEs in the region. The Innovation Centre aims to provide infrastructure and services to support emerging innovative enterprises; bridge the gap between the development and commercialisation of ideas into viable and sustainable enterprises and products; and assist existing businesses to identify commercialisation opportunities.


AAP reports that the latest DBM Business Financial Services Monitor survey (for May) shows that business customers of all sizes aren’t overly happy with what they’re getting from the big four banks. According to DBM’s overall survey results, Westpac and CBA received the highest satisfaction ratings (both 7.3 out of 10), while NAB came in close behind at 7.0 and rapped up the tail at 6.8 out of 10. DBM MD Dhruba Gupta said ANZ’s score in the small business category in particular (6.7) was the lowest since NAB’s 6.7 in February 2011.


China Daily reports that SMEs have become a major force in pushing forward China’s science and technology innovation. Quoting Miao Wei, minister of industry and information technology, the news website says in China SMEs currently account for 65 per cent all of the country's invention patents; 75 per cent of corporate innovations; and 80 per cent of new product developments. Miao says SMEs comprise 99 per cent of all firms in China; account for 60 per cent of national GDP and fiscal revenues; and employ nearly 80 per cent of the country’s population.

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