The NSW Government has announced $100,000 prize money for the best ICT technology start-up companies participating at the Tech23 innovation event in Sydney in October.

 

Deputy Premier and Minister for Trade and Investment Andrew Stoner said Tech23 supports the best new ICT innovations in Australia by showcasing 23 young technology companies and their business models to an audience of over 400 potential investors, partners and clients.

 

Entries are now open for the fourth annual Tech23, which is organised by Slattery IT and supported by NSW Trade & Investment and will be held at Surry Hills on October 23.

 

 “We will be promoting high growth business innovation in NSW through a ‘Four Cs’ approach – Connecting, Capability Building, Collaboration, and Competing internationally,” Mr Stoner said.

 

“This involves connecting companies to the resources they need; building capabilities for high growth; supporting collaborations that drive success; and competing in global growth markets while taking NSW innovations to the world.

 

“By doing this we will support an innovation ecosystem that encourages the skills and attitudes needed for creative enterprise to prosper in a competitive and dynamic business sector.”

 

Mr Stoner said the NSW Government is pleased to be the prime sponsor for Tech23 and provide $100,000 for four cash prizes:

 

  • Outstanding Collaboration for Innovation Award - a $20,000 prize for the company which best demonstrates active engagement in a business partnership or collaboration contributing to the development of their innovation.
  • Greatest Potential Award - a $20,000 prize for the company which best demonstrates how they will progress their business model to the next level providing the greatest potential for growth and progress.
  • High Growth Catalyst Award – a $20,000 prize for the company which can best drive change and high growth in any industry sector.
  • Innovation Excellence Award – the major $40,000 prize for the company deemed the best of the Tech23 by demonstrating how their innovation is unique and can underpin company performance, industry dynamics, productivity change and economic growth.

 

For further information on Tech 23 visit www.tech23.com.au