BUSINESS IDEAS GRANT

A total of $300,000 in cash grants and prizes is up for grabs to Australian
innovators.

Australia's three most innovative small business ideas will each receive
$70,000 worth of cash and prizes as part of the 2003 Yellow Pages Business
Ideas Grants program.

The Yellow Pages Business Ideas Grants program helps Australians turn their
ideas into business reality, fostering innovation and entrepreneurship in
the small business sector.

The program provides small businesses, and individuals, with an opportunity
to showcase their business ideas on a national stage with the support of one
of Australia's most recognisable brands.

Program patron and entrepreneur, Steve Vizard, said the Yellow Pages
Business Ideas Grants program was aimed at recognising and rewarding
excellence in innovation.

He said the program would use an extensive judging process to identify
Australia's most promising business ideas, and provide support in order to
assist their transformations into viable businesses. "The Yellow Pages
Business Ideas Grants program will not only recognise promising business
ideas, but will help selected business operators implement their idea," Mr
Vizard said.

Three national winners, will each receive $50,000 in cash grants, a $15,000
Sensis advertising package including Yellow Pages and White Pages
advertising and a $5,000 grant toward an approved accredited educational
course.

18 remaining finalists will each receive advertising packages and funding
toward an approved accredited course totalling $5,500.

This year the Yellow Pages Business Ideas Grants program has been
restructured, with new award categories introduced to reflect the three most
crucial stages of business development:

* best idea concept stage;
* best idea product development stage
* best idea business development stage.

Program Director, Basile Moschidis, said innovation would be the central
theme in judging the three award categories. "The Yellow Pages Business
Ideas Grants program will recognise excellence in innovation across all
aspects of business development, from inception to delivery," Mr Moschidis
said. "The program will reward individuals and businesses who have
developed innovative ideas in developing concepts, product development and
business development."

Entry to the Yellow Pages Business Ideas Grants 2003 program is free, and
close on 31 July 2003.
Further information, including how to obtain an entry form, is available
from the program web site www.yellowpages.com.au/big, or by calling 1800 886
680.