Mountain View, CA -- G’Day USA: Australia Week 2010 (http://www.australia-week.com) today announced that Solar-Gem (http://www.solar-gem.asia/solargem/), a company from New South Wales, has won the 2010 Australian Innovation Shoot Out, a competition to promote Australian innovation by showcasing the country’s most pioneering technology companies. The fourth annual Innovation Shoot Out was hosted at Microsoft’s Mountain View, Calif. campus today.
Solar-Gem provides modular solar-powered off-grid lighting and electricity systems, pre-pay tariffing systems, and high-efficiency LED lighting modules targeting the 1.6 billion people without access to power.
Companies were judged based on their ability to solve a recognized problem, demonstrate a clearly defined business model and market for their solutions, offer a solution superior to what’s already available, and provide a reasonable return on investment. Solar-Gem was selected from six other Australian companies competing in the Innovation Shoot Out.
“Solar-Gem defines what the Innovation Shoot Out is all about—showcasing the strength and prominence of Australian innovation and its potential to impact the world,” said Chris De Cure, OAM, Australian consul general to Los Angeles and chair of G’Day USA. “We look forward to following Solar-Gem as it continues its success.”
Solar-Gem was selected by a judging panel of industry leaders chaired by Mark Anderson, CEO of Strategic News Service. Judges included Deborah Magid, director of software strategy at IBM Venture Capital Group; Allison Leopold Tilley, partner at Pillsbury; Chris Shipley, chairman and CEO of Guidewire Group and former executive producer of the DEMO Conference; and Prashant Shah, managing director of VC firm Hummer Winblad. Microsoft’s Dan’l Lewin, corporate vice president, strategic and emerging business development provided the event’s opening keynote.
“Participating in the Innovation Shoot Out was an extremely valuable opportunity. The advice, feedback and guidance we received from everyone involved gives us the building blocks we need to work towards our goal of breaking into the U.S. market,” said CEO and co-founder, Khimji Vaghjiani, Solar-Gem. “We look forward to putting this advice into action and continuing to build on the success we’ve already experienced.”
As the winner of the 2010 Innovation Shoot Out, Solar-Gem received a prize package designed to help it launch its business in the United States. Support includes legal, financial and marketing consultation worth approximately $40,000.
All participating companies received valuable feedback and advice regarding their potential to successfully compete in the U.S. marketplace. Participants represented a wide variety of technology sectors, from green tech to business software and hardware. They include:
• Digisensory (http://digisensory.com/), provider of an end-to-end security and surveillance solution that combines smart imaging devices with a Web-based, real-time distributed intelligence system
• Intelliguard (http://www.intelliguardit.net/), a provider of DDoS protection for online enterprises and Internet service providers
• Mid-Comp International (http://www.midcomp.com.au/), a supply chain management infrastructure provider
• MultiTrode (http://www.multitrode.com/), a specialist in lift station control and monitoring for water and wastewater facilities around the world
• Solar-Gem (http://www.solar-gem.asia/solargem/), a creator of affordable off-grid energy based on clean solar technologies
• Synengco (http://www.synengco.com/), a provider of technology that helps companies assess and reduce their greenhouse gas and other emissions
• Zarloc (http://www.rosterwithross.com), provider of The ROSS System, a Web-based rostering and workforce management solution for the Quick Service Restaurant (QSR) franchises
“Solar-Gem solves several critically important global problems at one time,” said Mark Anderson, CEO of Strategic News Service. “Their technology can be a great enabler for economic development - for health, education, security and communications in most of the world. We wish them the best.”
Now in its seventh consecutive year, G’Day USA: Australia Week promotes Australian culture, business, fashion and food through events across the United States. The annual Innovation Shoot Out offers Australian companies the chance to present their technologies to U.S.-based venture capitalists to show that they are ready to enter the U.S. marketplace.
More information about the Innovation Shoot Out and G’Day USA: Australia Week 2010 is available at http://www.australia-week.com/.
G’Day USA: Australia Week 2010 is a promotion from Jan. 9-22 showcasing all things Australian, including food and wine, travel, film, arts, culture, fashion, business and investment. The event is produced by the Department of Foreign Affairs and Trade, Qantas Airways, Tourism Australia and the Australian Trade Commission. Growing from its inception in 2004, and celebrating its seventh year of success, G’Day USA: Australia Week is now the largest foreign-sponsored business promotion hosted annually in the United States. For more information, visit www.australia-week.com.
Michelle Craig, Nyhus Communications LLC for G’Day USA
P: +1 206 323-3733
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