SOUTH AUSTRALIA OFFERS A$250,000 PRIZE POOL, ATTRACTIVE INCENTIVES IN A GLOBAL CHALLENGE

KUALA LUMPUR, Dec 13 (Bernama) -- South Australia will reward entrepreneurs with a A$250,000 prize pool and attractive incentives in a global challenge to put the state's critical minerals sector on the map. (A$1 = RM3.01)

Run by the Government of South Australia and Unearthed, the Thinking Critical South Australia challenge focuses specifically on manufacturing and processing ideas to help build the state’s critical minerals ecosystem.

“The Government of South Australia is investing in the future, helping to grow the state's critical minerals capabilities,” said Executive Director, Mineral Resources, Department for Energy and Mining, Alex Blood in a statement.

“Thinking Critical South Australia is focused on attracting the best, most innovative proposals from individuals and businesses across the globe and supporting them to set up operations in South Australia to contribute to this growth.”

In addition to the A$250,000 financial prize pool, Thinking Critical South Australia is offering five finalists once-in-a-lifetime incentives such as marketing and promotional assistance, access to professional networks, and business development opportunities.

“In establishing operations in South Australia, finalists have the opportunity to leverage world-class resources and research facilities and have access to a rich network of customers, suppliers and investors,” said Unearthed Innovation Systems Partner Lizzie Brookman.

“The winners will also have the option to relocate to prosperous and beautiful South Australia, with Adelaide recently judged the third most liveable city in the world by the Economic Intelligence Unit.”

Unearthed is an open innovation platform featuring the largest community of startups, developers, and data scientists making the energy and resources industry more efficient and sustainable.

To be eligible to enter, an entrepreneur or business must be a registered, non-government business or non-for-profit organisation; are, or will be involved in the critical minerals value chain and willing to register their operations in South Australia.

The Thinking Critical South Australia challenge is a two-round challenge. The first round closes Jan 31, 2022.

To register, visit www.thinkingcriticalsa.com.

-- BERNAMA