Business Daily Media

Men's Weekly

.

South Australia Offers A$250,000 Prize Pool and Attractive Incentives To Kickstart Innovator Ideas

  • Written by PR Newswire

ADELAIDE, Australia, Dec. 1, 2021 /PRNewswire/ -- South Australia will reward entrepreneurs with a A$250,000 prize pool and attractive incentives in a global challenge to put the state's critical minerals sector on the map.

Image: https://journalists.medianet.com.au/Releases/Attachment?j=963170&s=3&k=4941076[1]

Run by the Government of South Australia and Unearthed, the Thinking Critical South Australia challenge focuses specifically on manufacturing and processing ideas to help build the state's critical minerals ecosystem.

"The Government of South Australia is investing in the future, helping to grow the state's critical minerals capabilities," said Executive Director, Mineral Resources, Department for Energy and Mining, Alex Blood.

"Thinking Critical South Australia is focused on attracting the best, most innovative proposals from individuals and businesses across the globe and supporting them to set up operations here in South Australia to contribute to this growth."

In addition to the A$250,000 financial prize pool, Thinking Critical South Australia is offering five finalists once-in-a-lifetime incentives such as marketing and promotional assistance, access to professional networks, and business development opportunities.

"In establishing operations in South Australia, finalists have the opportunity to leverage world-class resources and research facilities and have access to a rich network of customers, suppliers and investors," said Unearthed Innovation Systems Partner Lizzie Brookman.

"The winners will also have the option to relocate to prosperous and beautiful South Australia, with Adelaide recently judged the third most liveable city in the world by the Economic Intelligence Unit."

Critical minerals are metals, non-metals and resources deemed essential to the world's economies and whose supply may be disrupted or at risk.

A global critical minerals hotspot, South Australia contains 65 per cent of Australia's copper, graphite and zircon as well as halloysite, cobalt, rare earths and magnesite.

With global net zero policies and new technology advancements driving unprecedented demand for critical minerals, the Thinking Critical South Australia challenge is a fast-track to economic prosperity.

To be eligible to enter, an entrepreneur or business must be a registered, non-government business or non-for-profit organisation; are, or will be involved in the critical minerals value chain and willing to register their operations in South Australia.

The Thinking Critical South Australia challenge is a two-round challenge. The first round closes 31st January 2022.

To register your interest, visit www.thinkingcriticalsa.com[2]

About Unearthed

Unearthed is an open innovation platform featuring the largest community of startups, developers, and data scientists making the energy and resources industry more efficient and sustainable.

View original content:https://www.prnewswire.com/news-releases/south-australia-offers-a250-000-prize-pool-and-attractive-incentives-to-kickstart-innovator-ideas-301434747.html[3]

Read more https://www.prnasia.com/story/archive/3592775_HK92775_0

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Australian Businesses Still Stuck in the AI Hype Cycle

Data Governance Failures, ROI Gaps and Unclear Strategy Slowing Progress Despite artificial intelligence (AI) dominating headlines and boardroom ag...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

Sell by LayBy