Terms and Conditions

1. About the Premier's Ageing Well Innovation Challenge

South Australia is aiming to be a global leader in Ageing Well. To forge forward on this journey, we present to you the Premier's Ageing Well Innovation Challenge (“the Prize”).  To attract businesses and entrepreneurs to showcase their products and services at 2017 Ageing Well International Conference, South Australia will be launching a Premiers’ Challenge to call for interested entrepreneurs and companies to submit their product or service innovation that they are willing to publically showcase at the conference.  

It is no secret that Australia has tackled an ageing demographic head on and many businesses have turned their attention to innovations that meet the needs of this growing market. We want to shine a light on the most innovative and life changing innovations. It does not matter where in Australia your business is, if you have the motivation to show off your innovation on a world stage, it is time to join in.

A number of prizes are on offer, focussed on getting your innovation ready for export and growing your business. 

We want to take Australia’s Ageing Well innovations to the world! If you are shortlisted, we will invite you to present your innovation to a panel of industry experts, with the ultimate winners presenting at the 2017 Ageing Well International Conference.

2. Eligibility

2.1 Who can enter?
  • The Prize is open to solvent businesses throughout Australia with an innovative product or service that is improving the quality of lives of people over the age of 60.
  • Businesses who are prepared to share their innovation publically in the lead up to and at the Ageing Well International Conference in November 2016.
2.2 Who cannot enter?
  • Members of the Prize judging panel, the project Convening Partners or any firm or company that has been contracted to deliver services in relation to the Prize.
  • Public Sector employees involved with the Prize.
  • Advisers engaged by the State for the purposes of the Prize.
  • Any person who may be reasonably expected to have an unfair advantage through access to information concerning the Prize.

3. Prize Criteria

3.1 What we are looking for?

There are a number of criteria that will be used by the expert judging panel to assess the submissions. We are looking for innovations that:

  • Directly improve the lives of people over 60 years of age
  • Have a product or service solution with export potential
  • Are commercially viable and scalable
  • Are innovative and disruptive
  • Are market driven
  • Are ready to go to market
  • Have demonstrated results that can be presented at the Conference in November 2017
  • Available to participate in pre –conference commitments in the lead up to the Conference
3.2 Assessment Criteria to progress to interviews

Shortlisted applications will be assessed by a panel of experts only if they include the following:

  • Completed covering form available on the website.
  • Demonstrate a product or service innovation applicable to Ageing Well that meets the criteria outlined in 2.0 ‘Prize Criteria’.
  • A registered ABN number.
  • At least 2 years of financial statements provided upon request.
3.3 Original and innovative ideas

We are looking for original and innovative ideas. All submissions must be an original work created by applicants who must have all necessary rights to submit the entry. The entry may be an improvement on another party’s existing design; however, it must consist of substantial new, original elements and only these original elements will be considered when being judged. Any existing ideas must be clearly denoted.

3.4 The prize

There will be up to 10 finalists for this Challenge including 4 overall winners and 6 overall runners up. To be eligible, both South Australian entrants and Interstate entrants must meet the eligibility criteria outlined in section 2 and Prize criteria outlined in section 3.1, 3.2 and 3.3 to be considered.

South Australian Entries

Businesses operating from South Australia.

Winners

  • Showcase innovation on a global stage at the Ageing Well International Conference 2017.
  • Conference attendance fees including for 1 person.
  • Receive up to $5,000.00 to cover the costs of participating in 1 of the Department of State Development led International Trade Missions between March 2017 and October 2017.
  • Exhibition fees waved for rent at the conference’s exhibition (businesses will be required to fund their own exhibition set up costs).
  • Centre for Business Growth Clinics and Growth Program, sponsored by Department of State Development.
  • Present innovative products or services to the judging panel of industry leaders.
  • Capitalise on Local, National and any International Media coverage.
  • Connect with like-minded businesses and entrepreneurs.

Finalists

  • Present innovative products or services to a panel of industry leaders.
  • Connect with like-minded businesses and entrepreneurs.
  • Capitalise on Local, National and any International Media coverage.
Interstate Entries

Entries from businesses operating outside South Australia.

Winners

  • Showcase innovation on a global stage at the Ageing Well International Conference 2017.
  • Conference attendance fees including for 1 person, including 1 return domestic flight and accommodation for 1 night.
  • Travel will be booked by Challenge organisers in line with the organisers defined domestic travel policy.
  • Exhibition fees waved for rent at the conference’s exhibition (businesses will be required to fund their own exhibition set up costs).
  • Present innovative products or services to the judging panel of Industry leaders.
  • Capitalise on Local, National and any International Media coverage.
  • Connect with like-minded businesses and entrepreneurs.

Finalists

  • Present innovative products or services to a panel of industry leaders.
  • Connect with like-minded businesses and entrepreneurs.
  • Capitalise on Local, National and any International Media coverage.

4. The process

4.1 Entry

Entries for the Challenge will be open from 21 November 2016 – 31 March 2017.

Entry is via http://yoursay.sa.gov.au/initiatives/premiers-challenge.

4.2 Conditions of entry

Submissions must include:

  • A two two-page expression of interest (EOI), outlining their innovative product or service and making sure to demonstrate that all criteria have been/will soon be met.
  • Supporting documentation including market research and end-user feedback.
  • A video submission of no more than 2 minutes and no larger than 10MB so the panel can see the innovative product or service in action.
  • Australian Business Number
4.3 Assessment of ideas

A committee will shortlist applications for consideration by the judging panel.

Shortlisted businesses will be invited to present their innovation to the judging panel.

During this time, applicants may be asked for further supporting evidence (as relevant) of the capacity of the applicant.

Interstate representatives may be required to fly to Adelaide at their own cost to present to the Judging panel if shortlisted.

5. Judging panel

Judges will have expertise in the Ageing Well sector business, entrepreneurship and innovation in order to assess submissions against the criteria. The expert panel will be finalised based upon the type of ideas submitted and may be determined by the technology or solution proposed. The judges' decision is final.

6. Deadline

All applications to the Prize must be received by no later than 5pm on Friday 31 March 2017, Australian Central Standard Time.

7. Notification of Prize

Following the judging panel’s selection, all applicants will be notified of the judging panel’s decision.

8. Privacy

8.1 Challenge Organisers

Challenge Organisers will follow strict procedures to ensure all information provided in the applications remains confidential.

All staff involved in the Challenge will sign a statement of confidentiality.

Financial documents submitted as part of the application process will be destroyed within 7 days of the Judges final decision.

8.2 Judging Panel

Prior to receiving the shortlisted applications judges will be a signatory to a statement of confidentiality.

9. Abandonment

The State reserves the right, where it is reasonable and necessary, to abandon the Prize at any time.

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