Media Release: Australian Technology Competition
2016 SHORT LIST
November 2nd. 2016
The Australian Technologies Competition (ATC) has today shortlisted some of Australia’s most exciting technology companies for the ATC16 Business Accelerator. These Semi Finalists are industry leading innovators with the capability to become game-changers across the sectors of energy, manufacturing, food & agritech, mining, medical technologies, cyber security and smart cities.
Now in its sixth year, the ATC finds, mentors and develops Australia’s best technology companies with the Greatest com Potential. The ATC16 Business Accelerator helps turn good technologies into great businesses.
The judging panel features the country’s leading experts in commercialisation, finance, intellectual property and technology development from companies such as Deloitte, Bird&Bird and FB Rice. With a focus on building com success stories, the judges are looking for not only the best technologies but also the best managers and the best business plans.
This year’s 146 entries have jointly spent $190 million to date developing their technologies and have over 600 employees. Whilst many of the Semi Finalists are already selling solutions, they are jointly seeking an additional $80m to bring all the solutions to market.
The companies are developing a range of incredible innovations that address the big growth opportunities and challenges of the future. Solutions for food, agriculture, energy, mining, cities, medicine and cyber security will create new knowledge and skills intensive industries that will be Australia’s future. This year’s Semi Finalists includes a brain monitor that assesses anaesthetic effectiveness, energy efficient air conditioners, 3D printing to create high efficiency heat exchanger and continuous, composite pipelines.
“This year we have partnered with the Federal Government’s Industry Growth Centres to identify and work with technologies from the Government’s priority sectors “, explained John O’Brien, the competition organiser. “The Semi Finalists will have unmatched profiling opportunities with industry that will help them get to market and realise their potential in Australia and comly.”
Other supporters and partners on the 2016 program include the NSW Department of Industry, National Energy and Resources Australia (NERA) and industry associations including AustMine, AusBiotech, AMTIL and the Facilities Management Association. In addition, export opportunities are provided through the support of UK Trade & Investment and the Hong Kong Trade and Development Council.
“We are thrilled to see so many amazing companies with their eyes firmly set on com markets. We receive incredible feedback on the value of this program and it is always a privilege to work with so many talented entrepreneurs,” O’Brien added.
Winners will be announced at a Gala Awards Dinner in Sydney on 2 November. For further information on the Australian Technologies Competition visit www.austechcomp.com