Early-stage tech investor and advisory agency Scalare Companions has acquired the annual Australian Applied sciences Competitors (ATC), which helps construct promising tech firms for the world stage.

The ATC has an alumni pool of 350 previous winners, together with telehealth platform Coviu, international agri-business Agri-Digital and ASX-listed cleantech firm Calix. 

Scalare Companions CEO Carolyn Breeze stated the acquisition is a part of their ongoing dedication to the know-how sector.

“Our purpose is to proceed to help and develop the ATC as a platform that connects revolutionary firms with buyers and business specialists, offering them with the data and connections they should succeed on their entrepreneurial journeys,”she stated. 

“We consider the Australian know-how sector has huge potential, and we’re excited to be part of its continued progress and success.” 

Scalare acquired the competitors from Impression Tech Ventures (ITV).

ITV founder Pat Mooney stated Scalare is a superb residence for the competitors because it evolves

“I’m actually wanting ahead to this yr’s program and its persevering with position in serving to Australian innovators realise their international potential,” he stated.

This yr’s awards program will run from Could 1 to September.

The judging and mentoring course of will likely be impartial of Scalare, so its portfolio firms can enter the competitors. 

This yr’s award classes have a broad vary of homegrown know-how spanning medtech, pharma, regtech, fintech, agritech, clear vitality, sustainable cities and communities, superior manufacturing, cyber, and for the primary time – an eco-system supporter of the yr. 

The judging panel contains John O’Brien, accomplice for vitality, local weather & sustainability at Deloitte, Melina Georgousakis, medical analysis scientist and social entrepreneur, and a dozen extra business specialists. 

The Commonwealth authorities has sponsored ATC yearly, with the Victorian authorities backing it for the final 4 years. 

To enter, an organization have to be Australian-based, with lower than 100 staff and maintain business rights or possession of the mental property for a key know-how in an eligible business sector. 

Extra particulars right here.