The launch of the Action Plan follows the July announcement of a new . Launched by NSW minister for finance and services, Greg Pearce, comes amid stiff competition from rival technology states Queensland and Victoria.

In June, the government said it was making a "front and centre" focus on the state's ICT industry with the first Strategic ICT Forum to take place at NSW Parliament.

Deputy premier and minister for trade and investment, Andrew Stoner, said the forum, which consisted of more than 80 industry and government leaders, would facilitate the engagement between those in the industry and the government's ICT strategy.

"Industry must be engaged in the development of programs that stimulate the ICT sector and lead to innovation and efficiency within government," Stoner said.

ICT was also factored in the recent state election with the NSW Government stating in March that it would with the private sector to provide advice on key projects, including potential migration to a Cloud computing model.