Hosted by the Darwin Innovation Hub as part of the Spark Festival and October Business Month’s Innovation week, Croc Pitch 2022 continues to be an event not-to-be missed by entrepreneurs, start-ups, SMEs and investors. With up to $1 million in Venture Capital investment on the line, the DIH opened its doors (and screens) to competitors from Australia and the world. The criteria simple… the winning pitch must have an economic benefit for the Northern Territory.
John’s application was among the seventeen impressive applicants selected to continue through to the semi-finals where they pitched and received feedback from the Investment Committee Members. After a series of semi-final rounds at Croc Camp, Kraken Coding was one of the eight finalists and one of the few Northern Territory startups shortlisted to compete and pitch his innovation to the group of expert panel members at the Croc Pitch 2022 finals.
Kraken Coding impressed the expert panel members with their scalable innovation and was awarded $500,000 in investment from Paspalis Innovation Investment Fund (PIIF). The company will be using the money won to complete their Cyber Security tickets and to develop more clinical content.
“Thank you so much. I’m really happy to keep this business in the NT. We’ll do some beautiful things together” – John Shanks
Founded by Darwin local, John Shanks, his innovation “Clinical Branches” is the world’s first drag and drop healthcare pathway development tool. With specialised clinical experience as a trained scientist (biotechnology) and pharmacist, John recognised a Billion dollar inefficiency in Australian hospitals that rely on document-based procedures, leaflets, and classical patient ward lists. While Healthcare continues to grow in complexity these documents get longer and more numerous. Rather than presenting all possible information, his technology asks questions and then performs analysis to provide targeted recommendations for your circumstances.
John says, “The market for this system is considerable, I felt for myself the burnout from having to make decisions on the fly in a fast-paced environment, these medical information systems are still based on a communication framework developed in the 1900’s, we will change that!”
The project originated following success of the integrated ward lists project and open-source antimicrobial stewardship pathways project led by John, and now deployed across twenty-three Health Services in Australia. The platform can be deployed to the cloud, used as a mobile application and on devices.
Croc Pitch 2022 was an exciting showcase of the best innovations and business ideas for the Territory. If you think you could be the next Croc Pitch winner, follow the Darwin Innovation Hub for more on Croc Pitch 2023 scheduled to take place in Darwin as part of the Developing Northern Australia conference in July of 2023.
(All investments are subject to due diligence)