Zeptonics won two major prizes at the 2012 Tech23 Conference last week, including the $40,000 Innovation Excellence Award, for their lowest-latency network devices, the ZeptoMux and ZeptoLink, which are specifically designed for use in the financial trading ecosystem.
The annual Tech23 event showcases 23 emerging Australian technology companies selected from 150 applications by an independent panel of judges, who then award a range of cash and incentive prizes to the most innovative, commercially applicable and technically excellent solutions.
Zeptonics won the $40,000 major prize, the Innovation Excellence Award sponsored by the NSW Government’s Trade and Investment department, for demonstrating how their innovation is unique and can underpin company performance, industry dynamics, productivity change and economic growth.
Zeptonics also earned the ATP Innovations Explorer Award, which is designed to assist the Tech23 company with the greatest export potential. The prize includes return flights to Silicon Valley, five nights accommodation, and meetings with investors, potential customers and serial entrepreneurs organised by ATP Innovations.
"Zeptonics was the standout company, showing that we can create technology locally and compete globally in the IT hardware market" said Andrew Stead, Director Business Development at ATP Innovations. "We were excited by the team, the potential of the product and the interest already shown in the market. The opportunity for Zeptonics is huge and we are very pleased to be able support the company."
Rachel Slattery, Director of SlatteryIT and Founder of Tech23, said she was delighted to see hardware innovation well represented at this year’s event. “The fact that two of the four cash prize winners were in the hardware space is a great sign that more Australian technologists are now creating businesses with global potential,” she said.
“It’s a great honour to be recognised on home turf for our engineering innovations,” said Dr David Snowdon, the Zeptonics Hardware Principal who delivered the winning presentation. “The cash award will enable us to invest even more in local R&D, and the Silicon Valley introductions will accelerate our progress with potential investors, partners and customers in the crucial North American market.”
“And beyond the prizes, Tech23 was an outstanding networking opportunity,” Dr Snowdon said. “The event enabled us to create new relationships with dozens of important figures in Australian business and government, and to meet an inspiring group of fellow entrepreneurs.”