Westpac is inviting start-ups, scale-ups, and entrepreneurs to create a solution using data to solve a business problem specific to insurance, micro business, energy, aged care, or government for the chance to win $50,000 and professional support to grow their business.
Now in its sixth year, the Westpac Innovation Challenge explores an emerging opportunity in the business landscape and aims to identify the next generation of businesses that will lead Australia into the future.
“Data is expected to enable a new wave of product innovation from start-up businesses focused on business solutions and customer experiences across a range of sectors,” said Kate Cooper, Westpac head of innovation. “We’re looking for innovative ideas that help businesses which operate in highly regulated or scrutinised sectors overcome unique challenges and deliver value for customers. A key part of the challenge this year will be involving Westpac’s commercial and institutional customers and enabling a platform for innovative start-ups to meet potential customers and collaborators.”
Read more: Zurich: Innovation in insurance all about ‘the right mindset’
Five finalists will be selected to pitch their idea on Dec. 04 in front of a live audience and a judging panel consisting of:
Visit the Westpac website for more information and to apply. Applications close at 11:59 pm on Oct. 20.
