Aspiring entrepreneurs are invited to pit themselves against one of the Territory’s most prehistoric creatures in a contest of ideas.
The Darwin Innovation Hub has launched “Croc Pitch” – the ultimate pitch event designed to uncover the best ideas the Territory has.
The entrepreneurs will pitch their business ideas to a panel of judges.
DIH founder and chief executive Harley Paroulakis said the top Croc Pitch prize included a $50,000 grant from the Department of Trade, Business and Innovation that would be matched with a $50,000 cash investment from the Paspalis Innovation Investment Fund.
DIH has also partnered with Startcon’s National Pitch Competition to give the NT winner a chance to pitch for a $1 million investment.
“The DIH is in a position to to provide mentoring, investment analysis and feedback to start-ups through its expert in residence program,” Mr Paroulakis said.
Darwin will host Croc Pitch during October Business Month, as a part of Innovation Week. Central Australian competitors are invited to attend Croc Camps in Alice Springs to test their propositions, polish up on pitching skills and receive practical advice from experts and previous pitch competitions judges.
These “pitch bootcamps” will be held during August and September in Darwin and Alice Springs in the lead-up to the Croc Pitch event in October. In Alice Springs, DIH is teaming up with Desert Knowledge Australia to deliver the August Croc Camp.
In addition to the cash, the first prize includes mentoring, sponsored membership in the DIH, a visit to the Austrade Landing Pad in Shanghai, as well as the opportunity to compete in the Startcon National Pitch final in Sydney.
As the biggest pitch competition in the Asia-Pacific region, Startcon brings together more than 600 start-ups and 400 leading investors, in 15 cities, across a series of one-day events in each city.
Regional winners from each city receive flights and accommodation to Startcon 2018 where they pitch in front of 4000 people.
The winning start-up will be announced in December during the Startcon conference.
For more information on this initiative, visit darwininnovationhub.com.au/crocpitch
Written by Ashley Manicaros