The goal of the Tropical Innovation Awards is to provide avenues for local inventors, innovators and businesses to get their innovative and inventive concepts, projects and processes out there. The awards provide opportunities for creative ideas to be showcased and demonstrated to prospective investors, mentors, the media and general public.
There are also possibilities for applicants to seek funding from State and Federal government programs to further their plans with the help of various grants that may be available.
As stated on the official website, the primary three objectives of the Tropical Innovation Awards are:
“To recognise, reward and support innovation, invention and commercialisation across the Tropical North Queensland region;
To build economic diversification, sustainability and resilience into the regional economy through the creation of an outward looking business culture built upon opportunities unique to the Australian Tropics; and
To showcase and brand Tropical North Queensland as the centre of tropical expertise and knowledge for the tropical world in accordance with the Tropical North Queensland Regional Economic Plan.”
For many businesses or individuals, an initial idea or concept is just the start, with lack of funding, support and direction potentially resulting in many projects never getting off the ground. By recognizing the value of innovation and inventive ideas, these awards may help such parties to realise their potential commercial value, which in turn contributes to the North Queensland region through economic and employment benefits.
The 2012 Tropical Innovation Awards features a $20,000 cash prize pool, with $10,000 in prize money being awarded to the winning Innovation of the Year. In addition to the prize money on offer, the awards present great networking opportunities for start-up businesses and creative individuals, as well as welcome coverage of the event through the media.
Nominations for the 2012 Awards have now closed, with the Tropical Innovation Awards Gala event scheduled to take place on 30 November 2012. In addition to the invited nominees, the event will be attended by the awards judging panel, industry experts, venture capitalists, mentors, associated organisations, government officials and members of the public.
Nominees Why Not Tours provide an innovative way to plan, manage and pay for all types of group travel, that is supported largely by integrated and leading edge technology tools and business systems. This innovative group travel service simplifies the organisation and management of group travel bookings by providing an online social media portal on a private and secure group homepage.
For more information on Why Not Tours visit their website at http://www.whynottours.com.au/