Eight finalists have been selected on the strength of their concept documents to battle it out for the Enterprize competition’s $100,000 prize at ‘pitch day’ on October 14.
From capturing greenhouse gases for safe disposal to software for the health sector, the high quality field of entries has been reduced to just eight.
Head of the Professor Tim Brailsford said the standard was very high with most concept plans addressing the key issues in relation to the commercialisation of their ideas.
“Most entries were extremely thorough in clearly describing the idea, identifying the business opportunity, business model, and commercialisation strategy, and being aware of barriers to entry or other obstacles to be overcome,” he said.
The finalists are Trapforce (capturing greenhouse gases from industrial emissions), Spinifex Pharmaceuticals (new pain management drugs), Reperfusion (cardiac therapeutic treatments), TC Tuning (active mapping engine control system), Hydrexia (new hydrogen storage technology), Casual Employment (software to streamline health workforce management), Petalogix (embedded Linux solutions), and Leximancer (data mining for unstructured text).
UQ Business School will present a briefing for finalists on Friday August 5. Teams will then start work on their business plans, which will be presented on pitch day in October.
For more information contact Dr David Gow, telephone 3365 2689, email d.gow@business.uq.edu.au or Cathy Stacey UQBS Marketing Development Manager, telephone (07) 3365 6179, mobile 0423 606 331, email c.stacey@business.uq.edu.au
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