The 2032 Olympic and Paralympic Games have been declared open for business as the first of hundreds of procurement contracts worth billions of dollars are thrown open by organisers.

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More than 50 opportunities were identified as Olympics boss Andrew Liveris launched the first tranche of a procurement program on Wednesday.

Games Minister Tim Mander called on small and medium-sized businesses to throw their hats in the ring.

"We've seen great sporting success in Brisbane and Queensland more generally over the last few weeks and there has been a real buzz about that success," he said.

"Now we want our small (and) medium-sized business to also

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