Nominations open for Technology Scale-up Awards

03 May 2022 Consultancy.com.au 2 min. read

Innovative, high-growth Australian tech businesses are being encouraged to nominate for this year’s Technology Scale-up Awards, with submissions set to close on the 26th of May.

Returning for a second year, applications are now open for the Technology Scale-up Awards, with professional services firm Grant Thornton on board as a sponsor alongside Hamilton Locke, Ansarada, MA Financial Group, MacMillan and Source.

The awards celebrate disruptive Australian technology-focused businesses that have significantly impacted their industry sectors and achieved high rates of growth through industry-leading innovations.

Nominations open for Technology Scale-up Awards

To be eligible, scale-ups will need to have been in operation for at least two years with annual revenues yet to exceed $25 million, and be either founded in Australia or majority Australian owned. Alternatively, companies still generating less than $3 million in revenues can nominate for the ‘One to Watch’ category.

Applications close on the 26th of May, with the winners announced during a virtual ceremony in late August.

Along with the overall Technology Scale-up of the Year award – last year claimed by $200 million Publicis acquisition CitrusAd (which also placed second on Deloitte’s Technology Fast 50 list for 2021) – other awards include Business and Professional Services of the Year, Health, Life Sciences and BioTech of the Year, Sustainability and CleanTech of the Year, and gongs for FinTech, EdTech, and AgTech and FoodTech of the Year.

Nominations will be assessed and scored by an independent panel of judges according to a range of criteria, with candidates also expected to demonstrate integrity and their contribution to community. Among others, this year’s panel includes Hamilton Locke managing partner and awards chair Nick Humphrey, Airtasker co-founder Jonathan Lui, and Grant Thornton Private Business Tax & Advisory partner Raj Deepan.

“Recent research from Grant Thornton showed that technology businesses continue to dominate the M&A landscape, confirming the strong acquirer appetite in this sector,” commented Deepan. “It also highlighted that tech-enabled businesses in other industries are heavily investing in innovation and digital capabilities. As tech and innovation business investment grows, we expect to see even more nominations in this year’s awards.”

The organisers say that winning entrants can receive a range of benefits, including industry recognition and an elevated business profile through positive exposure and publicity, and so then the opportunity to attract greater interest from potential investors and partners. In addition, those successful will become part of the Technology Scale-up Awards network, with access to exclusive industry events throughout the year.