Exploring The Transformative Potential of Technology-Led Innovation at the 2024 NT Innovation Symposium

 

The 2024 NT Innovation Symposium, held on the 30th May at the Hilton Hotel Darwin, provided a platform for businesses and organisations to explore the transformative potential of technology-led innovation. Hosted by the ICT Industry Association of the Northern Territory (ICTNT), the event fostered a collaborative environment, facilitating networking opportunities and connections between industry stakeholders.

Our exhibition booth welcomed numerous attendees eager to learn about the StartNT Program and other services offered by the Darwin Innovation Hub. Dante St James, Director – Innovation & Investment Readiness and Brooke Young, Community & Administration Officer, were on hand to provide expert advice and insights.

“Engaging with the community at our booth allowed us to showcase the potential of innovative ideas and lead to future investments,” said St James. “Our workshop provided real-world examples of Territory businesses that have taken innovative approaches to solving real-world problems.”

One of the symposium’s key highlights was a workshop led by Dante St James. He discussed his role within the Darwin Innovation Hub and highlighted the success stories of local businesses such as Go LocumSPEE3DSP EnergyGreat Mondays, and Civil Tech Solutions. These innovators progressed significantly through the StartNT Program, received venture capital investments from Paspalis Innovation Investment Fund (PIIF) and are achieving remarkable success in their respective fields.

Engaging the audience with their insights and visions for the future, the keynote speakers emphasised the importance of embracing change and thinking creatively to overcome challenges and seize opportunities in the ever-evolving AI-Tech landscape. Nils Vesk, an Australian innovation expert, keynote speaker, author, and consultant, and Adam Spencer, an Australian mathematician, comedian, and media personality, shared their perspectives on driving innovation and growth.

Adam Spencer emphasised, “To transform your use of ChatGPT, engage with the AI as you would in a conversation. Ask it questions like, ‘How did you arrive at this conclusion?’ instead of simply seeking direct answers.”

The symposium served as a catalyst for embracing technology-led innovation within the Territory’s business community. By providing a platform for knowledge sharing, networking, and showcasing cutting-edge solutions, the event empowered businesses to navigate challenging economic conditions and unlock new opportunities for growth and success.

About Darwin Innovation Hub

The DIH is the meeting point for commercialising business in Northern Australia. Assisting companies to find applications and funding for their ventures and technologies, scaling into new markets and commercialising their research, all while staying abreast of and informing industry on new developments.

Learn more about the DIH and what we offer here.

About Paspalis Innovation Investment Fund (PIIF)

Paspalis is one of Australia’s leading private investment firms. Their business aligns its interests with those of their investors and partners for lasting impact in Australia’s North.

Paspalis invests in both Australian and Offshore high growth companies looking to grow their businesses in the Northern Territory. When Paspalis invest, they are able to leverage their reputation, knowledge, programs and network, providing meaningful positive value to their investees.

Learn more about PIIF here.

About StartNT

The DIH’s StartNT program, an exclusive initiative designed to guide early-stage startups through a comprehensive commercialisation pathway, played a vital role in supporting companies aiming to scale and become “investment ready” in the NT.

With grant funding from the Northern Territory Government, StartNT offers personalised support, expert facilitation, and strategic networking opportunities, further contributing to the region’s entrepreneurial ecosystem.

Learn more about StartNT here.