BlueChilli and Westpac team up for $40,000 innovation challenge

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Westpac and BlueChilli have again joined forces to give early stage startups an opportunity to win $40,000.

Now in its third year, the Westpac Innovation Challenge is a platform for entrepreneurs to put forward innovative new solutions to help Australian businesses.

This year, the challenged is focussed on tackling Healthcare with #HelloHealthTech.

"Improvements in healthcare for businesses and patients will undoubtedly be driven by ideas that boost productivity and improve patient experiences," said BlueChilli in a statement.

"If you have an idea for using new technologies in innovative ways to solve problems for businesses and ancillary services in the healthcare industry, then this is your opportunity.

"You don’t have to be a healthcare startup specifically; your idea or technology can be much broader as long as it can be used in a healthcare context to increase productivity or enhance patient care."

It says potential solutions could include ideas that improve practice management via enhancements in data integrations to third-party systems, improved management and use of patient data, and new systems that streamline payments between providers and patients, and transfers from government funding sources.

"We want to help foster the new ideas and innovations which will help Australian businesses grow and transform our economy for the future," added BlueChilli.

Along with cash and an opportunity to pitch ideas for further investment to the BlueChilli Venture Fund, Westpac will assist the winner in providing the information and tools needed to thrive in a competitive market.

Five startups will be selected to pitch their idea to Westpac. The winner will receive $40,000 cash, along with strategic support, insights and advice from the Westpac Innovation team and executive thought leaders. The winner will also have an opportunity to meet with BlueChilli to discuss a placement in the BlueChilli Accelerator program for further development of their idea over a 6 month period.

The Top 5 startups will all receive intensive pitch training and business advice from the BlueChilli team prior to pitching their ideas to the Westpac Digital and Innovation teams.

The People’s Choice winner will receive a $5,000 cash prize.

More information is available at the BlueChilli website.