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$250k prize pool for innovative ideas to boost SA’s mineral ecosystem

In a global challenge, South Australia will reward entrepreneurs with disruptive innovative ideas by offering them  a $250,000 prize pool and other attractive incentives. 

The Thinking Critical South Australia challenge, run by the Government of South Australia and Unearthed, focuses primarily on manufacturing and processing ideas to help improve the state’s critical minerals ecosystem.

“The Government of South Australia is investing in the future, helping to grow the state’s critical minerals capabilities,” said Executive Director, Mineral Resources, Department for Energy and Mining, Alex Blood.

“Thinking Critical South Australia is focused on attracting the best, most innovative proposals from individuals and businesses across the globe and supporting them to set up operations here in South Australia to contribute to this growth.” 

As part of the challenge, each of the five finalists will receive a $50,000 cash award to assist them in getting started in South Australia, as well as additional benefits such as marketing support for their particular businesses and networking opportunities. 

In addition, the state will also help businesses to set up operations including office space and access to research facilities.

“In establishing operations in South Australia, finalists have the opportunity to leverage world-class resources and research facilities and have access to a rich network of customers, suppliers and investors,” said Unearthed Innovation Systems Partner, Lizzie Brookman.

”The winners will also have the option to relocate to prosperous and beautiful South Australia, with Adelaide recently judged the third most liveable city in the world by the Economic Intelligence Unit.”

Boosting SA’s critical minerals 

Critical minerals are metals, non-metals and resources deemed essential to the world’s economies and whose supply may be disrupted or at risk. 

South Australia is a global critical minerals hotspot, containing 65% of Australia’s copper, graphite, and zircon, as well as halloysite, cobalt, rare earths, and magnesite. 

With global net zero policies and new technology advancements driving unprecedented demand for critical minerals, the Thinking Critical South Australia challenge is a fast-track to economic prosperity.

How to enter

To be eligible to enter:

  • An entrepreneur or business must be a registered, non-government business or not-for-profit organisation.
  • Are, or will be involved in the critical minerals value chain and willing to register their operations in South Australia. 

The Thinking Critical South Australia challenge is a two-round challenge. The first round closes 31st January 2022.

To register your interest, visit www.thinkingcriticalsa.com

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Yajush Gupta

Yajush Gupta

Yajush is a journalist at Dynamic Business. He previously worked with Reuters as a business correspondent and holds a postgrad degree in print journalism.

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