Peter Adalbert Robert George Fritz is an Australian businessman and philanthropist. He was born in Arad, Romania and migrated to Australia in 1962. He has been Group Managing Director of the TCG Group of Companies since 1971 and Chairman of institute for active policy Global Access Partners since 1997.
Peter is a co-founder of well over 100 companies and several business accelerators, including Australia's oldest Australian-owned IT company, TCG®. TCG Group is a group of innovative businesses which over the last 49 years have been at the forefront of Australian innovation. They produced many breakthrough discoveries in computer and communication technologies, data transmission, management structures and the food industry, including VOIP telephony ; design and manufacturing of plastic note sorting machines ; lottery ticket validation terminal ; mirror microwave communication technology and CT3 technology, first in the world ; BOW Memory unit for cash registers ; credit card validation system and MOX memory unit for building security ; low-cost fossil fuel power station simulator ; the first echo-free, hands-free telephone handset ; and online stock control system - the first real-time system in commercial use. Peter was a member of the Interim Board that led the development of the Australian Technology Park in 1991-1997. In 1998, the ATP Interim Board established the National Incubator Companies Board which Peter chaired. He also co-founded the Joint Technology Partners incubator – a significant investor in Australian technology start-ups. In 1993, some of the 65 companies in the TCG Group were publicly floated on the Australian Stock Exchange as TechComm Group Limited, later renamed Utility Computer Services. In 2016, UXC was acquired by CSC for $430 million. Another former TCG company floated on the New York Stock Exchange in November 1997 for US$600m, making it the largest technology company to be established in Australia until that time. Today the TCG companies, and entities with TCG roots, employ well over 6000 people with a turnover in excess of $1.5 billion annually. Peter's innovative management style and corporate structuring has led to the creation of a business model which is being copied by many successful entrepreneurs, and has become part of university undergraduate and masters programs in business management in Australia and around the world. Peter holds seven degrees and professional qualifications, and is an honorary member of the Hungarian Academy of Engineering 1998. He is a fellow of the Australian Computer Society, the Institute of Engineers Australia, and the Australian Society of Accountants. His many awards include a Member and an Officer of the Order of Australia, as well as the UTS Alumni Award for Excellence 2010. His books include 'The Possible Dream', 'Beyond "Yes"', "The Profit Principle" co-authored by Jeanne-Vida Douglas, "Managing for Change" co-authored by Brad Howarth, and "Innovation is for Everyone" co-authored by Brad Howarth. Peter chairs the Australian Government Consultative Committee on Knowledge Capital and serves on a number of private enterprise boards. He represented Australia on the OECD Small Medium Size Enterprise committee and is an active participant in OECD forums. Peter Fritz is a Member of the Board of the Global Panel Foundation - Australasia - a respected non-government organisation that works behind the scenes in crisis areas around the world. The current Australasia Chair is the Rt. Hon. Don McKinnon, former Deputy Prime Minister of New Zealand and Commonwealth Secretary General, and the Vice Chair is Hon. Philip Ruddock. Peter co-chaired the government-commissioned Working Group on Education and Training in Philanthropy and Social Investment which led to the establishment of the Centre for Social Impact in 2008, a national centre for philanthropy and social investment, with an Australian Government endowment of $12.4 million. The CSI is a joint collaboration between the business schools of the University of New South Wales, Melbourne Business School, Swinburne University of Technology and the University of Western Australia and provides managerial education, executive support and research for the not-for-profit sector. Peter was instrumental in the establishment of the OECD Working Group on SMEs, International Centre for Democratic Partnerships, Society for Knowledge Economics, Australian Society for Progress and Wellbeing, National Small Business Centre, International Institute for Negotiation and Conflict Management, and many others. Peter is a regular blogger on the issues of innovation and entrepreneurship on Open Forum.
