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18 April 2008

Applications are now called for WA Pitch ‘08, an event designed to connect innovative business ventures with development capital.

WA Pitch ‘08 is a pitching competition with real results, but it is also an opportunity for businesses and projects to learn from pitching their business concept to a panel of industry experts and investors.

Staged at the State Library WA on Friday 11 July, 2008. WA Pitch ’08 is to be hosted by the Australian Small Scale Offerings Board Limited (ASSOB) and the WA Innovation Centre - WA Department Industry and Resources.
Innovation Centre WA Managing Director, Michelle Nicolson, urged innovative WA businesses to bring their business ideas to WA Pitch ‘08. “WA Pitch ’08 supports the government’s aim to see innovative WA-based businesses attract early-stage capital for their business development and expansion,” Ms Nicolson said.
WA Pitch ‘08 will showcase quality projects and business propositions that need investment capital to achieve their full potential.
“These high-growth businesses often find it difficult to raise development capital because they are too early-stage or don’t fulfill the usual funding criteria for professional and institutional investors”, says ASSOB’s managing director Brookes McTavish. “The Australian Small Scale Offerings Board bridges this gap by offering a single platform where retail, professional and sophisticated investors can assess and contact businesses requiring capital.”

“I encourage entrepreneurs and small businesses to apply to WA Pitch ‘08. The process offers valuable resources, networks and relationships through ASSOB and the Innovation Centre WA as well as rare exposure to the investing community”, Ms McTavish said.

The Australian Small Scale Offerings Board will provide the winning business with a listing on the Australian Small Scale Offerings Board, valued at $40,000 (based on an average $500,000 capital raising), a runner-up prize valued at $11,000 and third prize valued at $10,000. The 10 short-listed businesses will receive business mentoring through ASSOB as well as presentation, pitch training and audio-visual resources.

Download WA Pitch ’08 Guidelines and Application form here

Applicants and event attendees can register online at www.pitch08.com.au. The deadline is Monday, 19 May, 2008.

For further information please contact:
Philippa Giles
p: 02 9904 5624
m: 0402 828 434

Event Hosting Partners
WA Innovation Centre - WA Dept Industry and Resources
Through the Innovation Centre WA, the Government of Western Australia aims to increase the understanding of the importance and commercial potential of innovation, particularly among small to medium sized enterprises. Innovation is increasingly regarded as the key driver to a nation\\\'s export competitiveness, job growth, prosperity and problem solving skills in a knowledge-based economy. It is argued that a nation that excels at innovation will thrive. www.innovation.wa.gov.au/

The Australian Small Scale Offerings Board Limited
The Australian Small Scale Offerings Board (ASSOB) provides a platform to assist unlisted companies to raise capital through the origination, aggregation and sale of their securities. ASSOB utilises the fund-raising provisions of the Corporations Act, 2001 and accords its exemptive relief under Class Order 02/273 of Section 708 to companies listed on the Board, allowing them to bring their investment opportunity to the attention of interested investors. www.assob.com.au

Terms and Conditions
For full competition terms and conditions please visit www.pitch08.com.au

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www.pitch08.com.au