Home Contest Nominations now open for Western Australia Innovator of the Year

Nominations now open for Western Australia Innovator of the Year

by opportunitydiary

Application Deadline:  05/31/2022
About Opportunity

Nominations are now open for the Western Australia Innovater of the Year to acknowledge and reward exceptional innovators in Western Australia who have developed an outstanding innovative product, technology or service, which is at the emerging innovation or growth phase of development.

Eligibility Requirements

In order to be considered eligible, and to be included in the evaluation process, an application must be
received by the closing date and time and must meet the following criteria:

The applicant must:

  • have a business address and be developing their innovation in Western Australia at the time of submission;
  • continue to be based in Western Australia during the next three years;
  • be an industry organisation, private sector firm, public sector agency, university, research institute, partnership, other organisation or a sole trader based in Western Australia;
  • have an ABN or ACN;
  • have developed their product or service from original concept, can clearly define the market need or problem it solves and have some form of IP protection and/or rapid route to market;
  • be the legal or authorised owner of the innovation;
  • not have previously been a recipient of an award under the WA IOTY program in the same category for the same innovation; and commit to attending all Business Capability Training sessions in August/September.
  • To be eligible in the Emerging Innovation Category, the applicant must:
    • not have generated revenue from the innovation set out in this application.

Benefits

  • A full day workshop run by a qualified and experienced industry facilitator to provide finalists with the skills and techniques required for a compelling and professional pitch presentation;
  • A two hour one-on-one mentoring session to refine pitch presentation and tailored for your specific innovation’s business plan;
  • A three hour workshop on social media and digital strategy;
  • A three hour seminar on Board Models for Entrepreneurs;
  • A one hour Legal Health Overview session; and
  • Two finalists will be awarded a scholarship to attend a program with the Centre of Entrepreneurial Research and Innovation (CERI)

Application Procedure

  • WA Innovator of the Year – Overall Winner – $70,000 (GST exempt)
    • Grand prize awarded to a WA applicant who has developed an outstanding innovative product, technology, process or service that clearly demonstrates an economic, social or environmental benefit to Western Australia.
    • The winner of this award will be chosen from the finalists from either the Emerging Innovation Category or the Growth Category. The Overall Winner will also receive a Biodesign Australia opportunity for two to three full time PhD students to assist in the further research and development of the innovation.
  • Rio Tinto Emerging Innovation Category Winner – $20,000 (GST exempt)
    • Awarded to a WA applicant who has developed an outstanding innovative product, technology, process or service that is pre-revenue. The applicant must also clearly demonstrate an economic, social or environmental benefit to Western Australia.
  • Rio Tinto Growth Category Winner – $20,000 (GST exempt)
    • Awarded to a WA applicant who has developed an outstanding innovative product, technology, process or service that is post-revenue. The applicant must also clearly demonstrate an economic, social or environmental benefit to Western Australia.
  • Woodside Energy Award Winner -$10,000 (GST exempt)
    • Awarded to a WA applicant that has developed an outstanding innovative product, technology, process or service that is relevant to the energy industry.
    • To be considered for this award you need to indicate via a tick box on the online application form under the Platinum Sponsor Awards tab.
    • Business News Great for the State Award Winner – Advertising, subscription and sponsorship pack to the value of $10,000.
    • Awarded to a WA applicant that has developed an outstanding innovation, which raises the profile of WA and contributes to developing WA’s reputation as an innovative and pioneering state.
    • To be considered for this award you need to indicate via a tick box on the online application form under the Platinum Sponsor Awards tab.
  • Wesfarmers Wellbeing Award – $10,000 (GST exempt)
    • Awarded to a WA applicant who has developed an outstanding innovative product, technology, process or service that advances social or medical wellbeing in the community.

Official Website: Nominations now open for Western Australia Innovator of the Year

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