{"id":32047,"date":"2023-10-20T14:26:51","date_gmt":"2023-10-20T14:26:51","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/this-shark-tank-style-startup-pitching-competition-will-present-innovation-theatre-to-interested-corporates-startupsmart\/"},"modified":"2023-10-20T14:26:51","modified_gmt":"2023-10-20T14:26:51","slug":"this-shark-tank-style-startup-pitching-competition-will-present-innovation-theatre-to-interested-corporates-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/this-shark-tank-style-startup-pitching-competition-will-present-innovation-theatre-to-interested-corporates-startupsmart\/","title":{"rendered":"This Shark Tank-style startup pitching competition will present \u201cinnovation theatre\u201d to interested corporates – StartupSmart"},"content":{"rendered":"
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An Asia-Pacific accelerator for disruptive enterprise technology is taking applications for its first CIO Shark Tank pitch event to be held in Melbourne next month.<\/p>\n

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Venturetec<\/a> founder Trey Zagante tells StartupSmart <\/i>that corporations are becoming more serious about startups and what they can offer.<\/p>\n

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Zagante spent the last year in talks with chief officers at Melbourne and Singapore events held in conjunction with strategic partner SE-Corp<\/a>.<\/p>\n

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\u201c[CIOs] were particularly interested in seeing startups that were developing enterprise technology solutions and asked us to start putting them forward,\u201d he says.<\/p>\n

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The summit\u2019s Shark Tank event will see five specially selected startups pitch to over 100 CIOs.<\/p>\n

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Zagante says this chance that could lead to immense opportunity.<\/p>\n

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\u201cWe can help identify which of these corporates could be your alpha customer,\u201d he says.<\/p>\n

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The chosen five will meet potential partners, investors and acquirers at the summit.<\/p>\n

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\u201cA number of these organisations that are being represented are very active in the corporate venturing and mergers and acquisitions space,\u201d he says.<\/p>\n

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With the judging panel comprising the CIOs of GE Australia-New Zealand, Australia Post, ING Bank, ABC and CBA, Zagante says startups will get a Shark Tank <\/i>series<\/a>-style pitching experience.<\/p>\n

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It\u2019s one that he hopes will be enjoyable for the audience of CIOs watching.<\/p>\n

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\u201cAt the end of the day, it is a little bit of innovation theatre,\u201d he says.<\/p>\n

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Pitch participants will be quizzed on how robust and secure their solutions are.<\/p>\n

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\u201cBeing the first one, we\u2019re not sure how the CIOs will respond but we\u2019re encouraging [them] to really think about how applicable these solutions would be to their own organisations,\u201d he says.<\/p>\n

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Additionally, he says CIOs should consider the challenges that these startups face in gaining access to large corporations.<\/p>\n

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Although the event is aimed at presenting a range of early to mature stage startups, the main focus will be on enterprise technology solutions.<\/p>\n

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\u201cWithin that, it\u2019s still quite broad,\u201d he says.<\/p>\n

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With the aim of aligning startups to the organisations attending, Zagante says they are looking out for solutions of key interest to CIOs today. <\/p>\n

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\u201cFintech, IoT or enterprise wearables, big data analytics and IT security are big issues this year,\u201d he says of the trends identified by the summit\u2019s analysts.<\/p>\n

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Zagante encourages startups across the Asia-Pacific to apply online<\/a> with as much detail as possible.<\/p>\n

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Selected startups will then proceed to the direct interview stage before the final five are chosen.<\/p>\n

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In addition to Australia, Zagante says they have already received some strong applications from Dubai, Hong Kong and Singapore.<\/p>\n

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\u201cThey\u2019re definitely in consideration,\u201d he says.<\/p>\n

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Follow <\/i>StartupSmart on <\/i>Facebook<\/i><\/a>, <\/i>Twitter<\/i><\/a>, and <\/i>LinkedIn<\/i><\/a>.<\/i><\/p>\n

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