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Unfortunately, little is known about how technology-based new ventures grow and develop. A better understanding of their growth patterns and associated management problems will facilitate focused government action. This paper identifies the management problems encountered by information technology (IT) firms in their endeavours to grow and develop. From this the paper distils the management measures associated with successful growth and development. The paper concludes with recommendations on government initiatives and policies designed to overcome these problems at the firm level, and which encourage the development of a state-based IT industry.