Two IT-themed projects shared the $25,000 runners-up award in the Australian National University’s Innovation ANU program – a staged business and commercialization development program for ANU staff and students. The winner of the Innovation ANU was a start-up pharmaceutical company called Cardishield, which is re-developing an existing drug for treating heart attacks.
The program also provided a sneak peek at Australia’s first local challenger to the very popular and lucrative online photo sharing sites like Flickr and Photobucket. Innovation ANU provided participants with seminars and workshops on commercialization and business planning, mentoring and guidance from professionals, and opportunities to collaborate with in an interdisciplinary team. The competition was designed to “transform the talent, creativity, and energy into tomorrow’s leading business and commercialization ideas with two top proposals receiving $25,000 financial, legal and patent advice from top local firms.
Photos Inkorporated and One Corp were announced joint runners-up at an awards ceremony dinner at ANU in Canberra. Photos Inkorporated will be a freely participatory community photo-sharing Web site deriving revenue from subscriptions, printing, photo storage, stock photo sales, and advertising. The One Corp project is a company proposing a revolutionary concept of providing a free online system that instantly retrieves and organizes consumers’ transaction records.




