The Blockchain Innovation Challenge
We want to make South Australia the blockchain capital of the country!
Blockchain is an exciting technology that has an unparalleled potential to influence every industry. The South Australian Government recognises this potential and is working to create the right environment for blockchain enterprises to thrive.
South Australian entrepreneurs are invited to develop well-thought-out projects that use blockchain to improve operational efficiency, enable business model innovation, or influence how businesses, government and society interact.
Finalists will be invited to participate in an incubation program to refine their idea before pitching it at the ADC Global Blockchain Summit in March 2019. A prize pool of $100,000 will be awarded to winners to further develop their blockchain concepts.
12 Dec 2018
4 Feb 2019
Idea incubation workshops
18 Mar 2019
Pitch event + winners announced at the ADC Global Blockchain Summit
Who can take part?
South Australian individuals or groups who have an idea of how blockchain can be used to solve a problem are invited to take part in the Challenge.
To be eligible, applicants must meet the following criteria:
- Be aged 18 years or older (or have parent/guardian approval)
- Reside in South Australia (or willing to relocate)
- Hold or be willing to obtain an Australian Business Number (ABN)
- Have approval to submit the project idea (when under the age of 18 or when submitting the idea on behalf of an organisation)
- Submit their project idea by midnight Monday 4 February 2019.
A prize pool of $100,000 is available and will be awarded to the prize winners whose ideas best meet the eligibility criteria and terms and conditions. The judges will determine how many projects will be funded. It is likely three prizes will be awarded, however depending on the projects submitted there may be to up to five winners. This means prize winners will walk away with at least a minimum of $20,000 to put towards developing their blockchain idea further.
Winners will be selected from up to 10 finalists. Finalists will receive mentoring and support to develop, refine and pitch their project ideas as part of the incubation program.
What we are looking for
We want innovative ideas that push the boundaries of what blockchain is capable of.
Judges will assess ideas against the following merit criteria:
- Clear articulation of blockchain application
- Technical feasibility
- Potential for implementation, sustainability and scalability
- Appropriate use of blockchain technology
- Benefit to South Australia
- Project impact (e.g. economic, social, technological).
What we don't want
- Ideas that may be considered illegal, fraudulent or malicious
- Ideas that have already been developed elsewhere
- Ideas that are not feasible from a technical or business perspective
- Ideas based on simple substitution of an existing database
- Ideas not based in South Australia.