Melbourne based company wins Australian Tech Competition

A Melbourne-based company has won top honours at this year’s Australian Technology Competition, taking out Company of the Year for its Energy Reclaim Kit technology that re-uses air-conditioning waste-water to produce ultra-efficient cooling.

The company received the gong at an awards ceremony in Sydney on Wednesday night, alongside
the top prize for the competition’s Smart Cities category.

NSW-based Wattwatchers was also a winner, taking out top prize in the category of New Energy for its industry-leading energy management technology.

Competition organiser John O’Brien said Independent Products’ win was notable for a company that “started 10 years ago with no more than an idea and an academic paper.”

But its potential for growth has been recognised – not only by the ATC judges, who described this as “significant” – but by some of Australia’s heavy-hitting clean tech investors, including Mike Fitzpatrick’s 88 Green Ventures.

It has also has established manufacturing facilities in Melbourne and Queensland to meet growing market demand – and as it looks to take its product to the global market.

In its six years of operation, the Australian Technologies Competition has identified more than $250 million dollars in contestable project opportunities for Australian SMEs.

“We aim to find the best companies, provide them with the best mentoring possible and connect them with global partners. We want to help create multi-billion-dollar global success stories,” O’Brien said.

© 2016 Solar Choice Pty Ltd