Blue IQ is a multi-billion rand

South African rand

The rand is the currency of South Africa. It takes its name from the Witwatersrand , the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. The rand has the symbol "R" and is subdivided into 100 cents, symbol "c"...

 initiative to develop economic infrastructure

Infrastructure

Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...

 for specific major projects in the technology

Technology

Technology is the making, usage, and knowledge of tools, machines, techniques, crafts, systems or methods of organization in order to solve a problem or perform a specific function. It can also refer to the collection of such tools, machinery, and procedures. The word technology comes ;...

 sector, high value-added manufacturing

Manufacturing

Manufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...

 and tourism

Tourism

Tourism is travel for recreational, leisure or business purposes. The World Tourism Organization defines tourists as people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes".Tourism has become a...

.

Set up by the Gauteng Provincial Government in South Africa

South Africa

The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...

, Blue IQ partners with business and government departments to promote strategic private sector investment in key growth sectors of the regional economy.

Its aims are to establish a significantly higher economic growth in the Gauteng Province and to shift the mix of Gross Geographic Product (GGP) towards these sunrise industries

Sunrise industry

A sunrise industry is one that is new or relatively new, is growing fast and is expected to become important in the future. Examples of sunrise industries include hydrogen fuel production, space tourism, and online encyclopedias....

that is technology, manufacturing and tourism.

External links

• Blue IQ web site
• Gauteng Provincial Government web site