September Newsletter 2018

WOW! Croc Pitch exceeded all our expectations, we are incredibly proud of the innovation ecosystem that is growing in the Northern Territory. Croc Pitch was an exciting showcase of the best innovation and business ideas the Territory has.

Congratulations to Keith Jury from SolFlow who took out first prize which includes a $50,000 BISI grant from the Department of Trade, Business and Innovation matched with a $50,000 cash investment from the Paspalis Innovation Investment Fund.

Croc Pitch signalled the launch of the Paspalis Innovation Investment Fund, with the $50,000 cash investment the first investment to come out of the fund. The fund will look to invest in Northern Territory start-ups and companies seeking growth in the Asia Pacific region and Asia Pacific companies looking to do business in the Northern Territory.

Business Minister and Deputy Chief Minister Nicole Manison also launched the new Northern Territory Business Innovation Strategy during Croc Pitch. The strategy aims to ignite, inspire and intensify a culture of innovation among Territory businesses.

Second place was awarded to Amy Page with Belly Bunker and in third place was Anthony and Daniel with their ridesharing app, Mobi.

Thank you to everyone who participated on the day, the calibre of entrepreneurs with incredible ideas was high!