With over 50 applications from 20 countries worldwide, the Isle of Man Innovation Challenge 2024 will see 16 finalists face their industry peers when they present their cutting-edge solutions in the finals on 13 June.
The Innovation Challenge is a global competition where participants of all stages of development are invited to present ground-breaking solutions to address specific challenges and drive the growth of technical innovation in the Isle of Man.
Following a rigorous selection process, 16 finalists from countries including the UK, Australia, Singapore and the US were selected that offer solutions to some of the Island’s pressing needs within Fintech, Artificial Intelligence and Cleantech.
In the lead up to the final, the finalists will be provided with tailored mentoring and support from the island’s business leaders, as well as networking opportunities with industry peers as they bring their solutions to life.
The competition will then culminate with the finalists presenting their solutions to an expert panel of judges, digital technology businesses and wider industry.
‘With the Isle of Man as a thriving hub for global innovators, we’re thrilled by the diverse and ambitious applications for our most extensive Innovation Challenge yet,” said Minister for Enterprise Tim Johnston.
“Our Island’s dynamic ecosystem – bolstered by a supportive business community and experienced mentors – promises a rich landscape for pioneering solutions addressing sustainability, technology and financial challenges.”
Winners in each category will receive local and international promotion and publicity, in addition to extended access to the Isle of Man’s marketplace. This includes mentors, potential investors and customers from various sectors, as well as regulators and government officers, for six months.
A special prize will also be awarded that is aligned with the Isle of Man’s status as a UNESCO Biosphere. The Isle of Man was designated as a UNESCO Biosphere in 2016 in recognition of its special environment, culture, heritage and economy. It is the only ‘entire nation Biosphere’ and includes all Manx territorial waters as well as its landmass.
The 16 finalists selected for the Innovation Challenge 2024 are:
- FinTech category
- Umazi
- Mutual Credit
- Thomas Murray
- Moroku
- Gatenox
- Data & AI category
- Acentrik (Mercedes-Benz)
- Intelligage
- Deloitte
- Ailuna
- Raidiamx
- 4Learn
- Cleantech category
- Re-Universe
- ReVend
- Apneatech
- Eyesea
- Gridsight
