Building a future
Townsville tech company reaches for stars
EMERGING Townsville company Building Industry Online Pty Ltd is the next rising star in Australia’s technology sector.
Certainly, the North Queensland adviser to a Federal Government business development program Peter Towers who has provided advice on the company’s expansion plans, sees a bright future for the business.
‘‘ I think it is going to be an outstanding business,’’ Mr Towers said.
‘‘ You have only to look at some of the new builders that are coming up.’’
Building Industry Online, launched by Townsville entrepreneur Tanya Stainton in 2008, has pioneered a project administration and networking portal to manage documentation and communication flow between builders, trades -people, suppliers and sultants.
The company has 6500 members through out Queensland including some prominent builders who have recognised the portal’s advantages for saving time and cost on projects.
Building Industry Online is now preparing for expansion into NSW and Victoria in 2011-12.
Federal Government program Commercialising Emerging Technology provided assistance with market research, business planning and intellectual property strategy for the expansion.
Ms Stainton said she was now meeting with potential investors about raising finance for its growth.
‘‘It’s exciting t o create something and to have it grow,’’ Ms Stainton said.
‘‘ The support and guidance that ( the program) gave, as well as financial support to help to pay for consultants, has been exceptional.’’
The program co-ordinated a detailed review of intellectual property strategies and helped compile a market research and business planning document.
New software will be writ- ten to comply with different l aws and operating procedures within the building and sub-contracting industries in NSW and Victoria.
Mr Towers said Ms Stainton was a very good planner with a good web development team.
‘‘ She is a good operator and not timid about getting advice,’’ he said.
‘‘ A lot of small business people are timid and overawed by professionals but she knows what she wants and expects to get that from people.
‘‘ I think this is going to be one of the stars coming out of the COMET program.’’
The worth of on-line companies establishing niche markets was reinforced last year with the purchase of trans-Tasman electronic tendering business Tenderlink for $ 16.4m by Fairfax Media.
Accommodation company Wotif, another program recipient, was a $ 100 million earner for its Brisbane creator Graeme Wood.
Ms Stainton said she started BIO as something to do while she looked after her four children.
‘‘ It was going to be something locally, then Queensland and now we are looking nationally,’’ she said.
PIONEERING: Building Industry Online managing director Tanya Stainton