In-tellinc, the Intelligent Island Incubator, is a joint venture involving KPMG Tasmania, the University of Tasmania and others. This initiative has received $8 million in Intelligent Island funding.

In-tellinc has inducted 18 start-up ICT firms and is currently assisting 14 through physical incubation, extensive management assistance and financial investment. Three companies, including SmartVisit Solutions, CPact and OnPix have graduated and one withdrawn.

In-tellinc's incubation program is designed to lead companies through the commercialisation process incorporating product and service development, proof of market viability, creation of reference accounts, channels to market and establishment of a viable business model.

To date, In-tellinc has had a significant impact on the Tasmanian ICT industry, with revenue earned by companies under incubation at almost $8 million representing a growth of over 20 time starting revenue; the creation of 64 full-time positions; and total export revenue being $1.73 million.

In the 2003-04 year In-tellinc inducted six new companies, including:

• Elliot Software - an architectural office management solution from Western Australia
  
• Van Diemen Technology – which focuses on IT sales to the USA
  
• Accommodata - software for the management of small to medium tourist accommodation
  
• Psych Technologies – who have developed Short Progress Assessment (SPA), a mental health monitoring system
  
• Convey IT - an online integrated conveyancing solution
  
• Point Duty - tracking software to capture internet users who are engaging in illegal activities such as pornography or music piracy.
  

A description of all incubatees can be found at http://www.intellinc.com.au/investment/index.htm

The Allen Consulting Group, commissioned by the Department of Communications, Information Technology and the Arts (DCITA) to review Australia’s ICT incubators stated in their report of December 2003 that: “In-tellinc has done remarkably well in the short time it has been operating, particularly given its relatively remote location and small size of the Tasmanian ICT market. In-tellinc has made a genuine effort to include incubates from all over Tasmania.”

The recent announcement from DCITA that In-tellinc will become one of only eight Australian incubators to receive funding over the next four years, is very exciting for In-tellinc demonstrating and validating the success of this Intelligent Island initiative. The process to receive this funding was awarded through a competitive process that shows In-tellinc competes and performs with the best. To receive this funding In-tellinc had to be found to be one of Australia’s best incubators.

This funding will allow In-tellinc to maintain its program of investing in Tasmanian based ICT businesses to assist these early stage firms who use IT innovations as a key business driver to rapidly reach their full potential.