23 of Australia's most innovative young tech companies are given 5 minutes each to present their business model to a panel of industry leaders and an audience of over 400 potential investors, partners and customers.
The Tech23 companies are selected using a merit-based application process that attracts over 140 applications every year. The companies must be young (less than seven years old), Australian-owned, and unique, with technology at the heart of their robust business model. Applications are favoured if they can demonstrate real market need, intellectual property, and the potential for high growth.
The successful 23 are sorted into 6 broad industry streams that reflect the nature of their business. Past streams include Consumer Web, Medtech/Health, and Smart/Green Technology. In the lead up to the event, the exciting startups are given support from our team of mentors (including representatives from ATP Innovations, Blackbird Ventures and Citrix) to help them show their business in its best light.
Each stream present to a panel of industry leaders made of 3-4 inspiring experts in their field. The streams conclude with detailed feedback to the 23 from the panel. This year's industry leaders include co-Founder of SEEK and Square Peg Capital, Paul Bassat; Director of Innovation at ABC, Angela Clark; Group Head of Strategic Content & Digital Media at ANZ, Amanda Gome; Managing Director and CEO of OneVentures, Michelle Deaker; Fouding Investor of 99designs, Leni Mayo; and Founder & CEO of WiseTech Global (Formally CargoWise), Richard White.
A number of breaks throughout the day give attendees an opportunity to connect with the 23, industry leaders and other audience members, as well as explore Innovation Island. InnovationIsland features a collection of emerging companies whose business model is at its earliest stage of development.
Tech23 companies in 2014 will have the chance to win prizes including: a trip to Silicon Valley thanks to ATP Innovations; a trip to Boston thanks to bigtincan; TWO $5k cash prizes thanks to the REA Group; $5k cash prize courtesy of Paypal; $10k in help from ThoughtWorks; $2.5k cash prize thanks to Bendigo Bank and a meeting with their executive team; a mentoring session with Alan Noble at Google’s headquarters; a meeting with Tech23 industry leader, Daniel Petre and many more!