Westpac, BlueChilli offer $40k prize to Aussie startup

Startups encouraged to create useful tech offerings for Westpac's SME/real estate customers

Westpac Group and venture technology accelerator BlueChilli are offering $40,000 to the Australian startup that develops the best technology solution for the bank’s SME and commercial real estate customers.

The Westpac Innovation Challenge is open to Australian residents who have an existing early stage venture or new concept that could help Westpac’s business customers.

In addition to the $40k cash prize, the winning startup will get a six-month placement in BlueChilli’s startup accelerator program called The 156. The program is made up of 156 tasks, experiments and readings designed to help a startup become successful.

All startups that apply will get help from BlueChilli and Westpac staff to build a customer base and distribution channels for their concept.

According to BlueChilli founder and CEO Sebastien Eckersley-Maslin, the Westpac Innovation Challenge is designed to “boost startups that use technology in smart ways to solve problems for businesses in the property and real estate industry”.

According to Westpac, there will be more startup challenges in the future that focus on solving business problems for its customers in other industries.

The deadline for entries closes on 19 October 2014.

Techworld Australia has contacted Westpac for more information.

Follow Hamish Barwick on Twitter: @HamishBarwick

Follow Techworld Australia on Twitter: @Techworld_AU

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Tags startupsWestpac GroupBlueChilliWestpac Innovation Challengeventure capitalists

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