12 October 2006

Finalists in Enterprize, UQ Business School’s business plan competition, will pitch their winning innovations to venture capitalists and the public at 4pm on Friday 13 October.

Seed funding worth $100,000 will be the reward for one of the seven finalists, after gruelling rounds of business plans, interviews, pitch presentation training and filming. There is also the i.lab Prize of 12 months in Queensland’s technology incubator, and a People’s Choice award.

The battle for $100,000 is fierce with outstanding business ideas from the finalists.

Ausonex™ has developed a new hearing test device that will improve accuracy, reduce protocols to a single stage test, and reduce the time it takes to test for hearing impairment in newborn children.

BioShield has developed a new vaccine to boost shrimp immunity to the deadly white spot syndrome virus (WSSV) that has decimated aquaculture industries across the globe.

GetCracking™ has invented a new machine that controls the cracking of concrete pavements so that construction and maintenance costs will be reduced and pavement quality improved.

Imprezzeo™ used a combination of pattern recognition and content-based image retrieval technologies to create new image recognition software – to search for images using images.

LanguageMAP is a cost and time-efficient on-line method for testing the English language skills of students whose primary language is not English.

NeutroPharma has developed a therapy to boost the immune system of patients undergoing high dose chemotherapy that current therapies cannot target.

Pepfactants® has developed a world-first, a peptide surfactant that can switch on the stability of an emulsion or foam, or switch it off.

Head of UQ Business School Professor Tim Brailsford said. Enterprize has attracted the involvement of several high profile members of Australia’s venture capital community.

“Our elite judging panel for 2006 includes Bob Christiansen, Executive Director Allen and Buckeridge; Bruce Scott, Managing Director of NBC Capital; UQ Senior Deputy Vice-Chancellor Professor Paul Greenfield and Stewart Gow, Director, Venture Capital and Commercialisation Unit, Investment Division, Queensland Department of State Development,” Professor Brailsford said.

Enterprize Pitch Day is the final chance for these teams to pitch a great business idea before this panel of expert judges and a 300 plus audience.

To secure your place at Pitch Day, contact Amy Hsylop (a.hyslop@business.uq.edu.au).

For further information, contact Fiona Sutton (f.sutton@business.uq.edu.au or 0423 637 699).

Press quality photos are available now.