The ACT Government has launched an information and communications technology portal to help Canberra's ICT companies access the public sector marketplace.

Dubbed as CollabIT Connect, the ACT Government will provide $400000 in funding over four years in using the portal to allow local ICT businesses connect with agencies and other businesses.

Other financial assistance will be supplied from the Australian Government's IT Supplier Advocate Program and the Australian Information Industry Association (AIIA).

ACT Depute Chief Minister, Andrew Barr said CollabIT Connect is a business tool that will bring Canberra's many ICT companies together and help them access the lucrative public sector ICT marketplace.

“One way businesses grow is by collaborating and establishing relationships with other businesses,” Mr Barr said.

Mr Barr said the portal will help ICT companies identify commercial and partnership opportunities with other companies and government agencies.

“CollabIT, a joint initiative of the ACT Government and the AIIA, is an engagement and business development initiative that links companies in Canberra's information and communications technology community,” Mr Barr said.

He said the ACT CollabIT members developed the collaboration portal.

“We are committed to creating an environment in which the private sector can thrive, and we are committed to market-based policies and actions to broaden employment, business activity, growth and investment,” he said.

He said it is important to look for ways to continue the Territory's economic growth, which is why the business development strategy was launched, in which the government will provide more than $20 million over four years for the strategy implementation.