Entries close at the end of next week for the Aussie Tech Competition. It’s free to enter, and if you make it to the semi finals stage you are assigned an experienced mentor that can help you with your business plan…
There’s one week to go if you are interested in throwing your hat in the ring for the Australian Technologies Competition, a prestigious national accelerator program which boasts some of the best mentors in the business.
In collaboration with the Department of Industry, Innovation & Science and the Australian Government’s Industry Growth Centres, the Competition recognises and accelerates the development of great tech scaleups across Australia, who are best positioned to become international success stories.
More than just another awards ceremony, the top 30 companies (deemed as semi finalists) win entry to an intensive Business Accelerator Program which provides access to expert mentors and connections to investors, customers, specialist advisors, grant programs and international markets.
“The guidance on commercialisation and funding, combined with connections across industry, finance and international markets has enabled many of our alumni companies to make radical progress in their business,” explained Patrick Mooney, Chairman of Impact Tech Ventures, who deliver the Competition.
Past alumni have reported that meeting and working with like-minded companies, receiving independent business evaluation from industry experts, as well as industry recognition as key benefits of entering.
Following the Accelerator program in late July, the best companies will be recognised at Showcase events in Melbourne as part of the All Energy conference on 4 October 2018 and a Final Showcase in Sydney in mid November. Both events feature intensive investor and partner connect and speed-dating sessions.
There are eight categories:
- Advanced Manufacturing & Energy Resources
- Cyber Security
- Food & Agribusiness
- Medtech & Pharma
- Mining Technology
- New Energy
- Smart Cities
- People’s Choice
Last year, WA company Mining & Process Solutions won the Mining category with their Alkaline glycine leaching process which offers a new way to extract gold, copper and nickel without using cyanide and with lower cost than conventional leach processes.
Overall in 2017, 122 companies entered with the average being 8 years old, revenue of $490K with $1.3M capital invested and $228K grants received and 6 staff.
How to Enter
Interested companies can apply online via www.austechcomp.com with entries closing 1 June 2018.
About the Australian Technologies Competition (ATC)
Started in 2011, the Australian Technologies Competition provides a platform to showcase, develop and connect Australia’s best and brightest businesses. Collaborating with industry and experts across a wide range of growth industries, the program assesses, mentors, and promotes innovative and emerging technologies that have the greatest global potential.
Over its life, the Program has attracted 930 applicants and has recognised 196 Finalists and 39 award winners. In 2017, the 32 Semi Finalists had jointly spent $56 million to develop their technologies and now have over 200 employees. They are seeking an additional $45m of investment to bring their solutions to market.
Disclosure: Startup News’ Charlie Gunningham works for the Department of Industry, Innovation & Science who is a co-organiser of the ATC, but is otherwise not involved.