"It doesn't matter where in the world you are, you can have your entertainment, your medical services, your education and you can do business -- you can grow [your business as well]," he said.

"There are people out in regional and rural Australia with good ideas ... we should tell them to come forward. Come and see people in Canberra and at the NBN Co and start talking about them. People in regional Australia please stand up and make yourself heard."

Budde said the NBN also had the potential to keep younger Australians within regional and rural communities as they would no longer need to move to major cities in order to access employment and greater career options.

"[Regional communities] long before we had the NBN understood ... how critical the NBN was for the future," he said. "[The NBN] gives young people the opportunity to move into these new businesses. Regional Australia knows exactly what it wants and it can't get [the NBN] quick enough."

Also speaking on the panel, NBN Co applications advisor, Sean Casey, of NBN Co's head of product development and industry relations, Jim Hassell, that applications and service providers were already devising new offers which made use of the NBN's high speeds.