Sixteen businesses from across the globe will face their industry peers on the 13th June, as they present cutting-edge solutions at the Isle of Man’s ‘Innovation Challenge: Finale’ at the Comis Hotel.
The Challenge, aimed at promoting innovation and collaboration in a biosphere attracted a diverse range of applicants. Over 50 applications were received from 20 countries
Following a rigorous selection process, 16 finalists from countries such as the UK, Australia, Singapore and the USA were selected; offering solutions to some of the Island’s pressing needs within FinTech, Data & AI and Cleantech. In the lead up to the Finale day in June, 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.
Hon. Tim Johnston MHK, Minister for Enterprise said: “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. 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.
“As we welcome this cohort, we’re excited to foster groundbreaking ideas aimed at driving technological advancements in the Isle of Man.”
The competition will culminate at a finale event on the Thursday 13th June, during which finalists will have the opportunity to present their solutions to an expert panel of judges, digital technology businesses and wider industry.
The event will include notable speakers from the industry and will be attended by key professionals in the financial, business, tourism and digital industries.
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.
As the Isle of Man is also a UNESCO Biosphere, a special prize aligned with its biosphere status is also to be awarded.
Attendee registration for the Innovation Challenge: Finale will open on Thursday 9th May, with the event taking place at the Comis Hotel.
Click here for further information about the Isle of Man Innovation Challenge.
Finalists |
Location |
Solution description |
Fintech category |
||
| Umazi | UK | Transparent ethnically verified business identity |
| Mutual Credit | UK | “Local Loop Isle of Man” – localised supplier clearing system |
| Thomas Murray | UK | Building a safer IOM “Community” response to from cyber risk assessment |
| Moroku | Australia | The Isle of Game – gamification of Financial services front ends |
| Gatenox | Poland | Corporate Register 3.0 – DAO |
Data & AI category |
||
| Acentrik (Mercedes-Benz) | Singapore | AI for Gov – Establish a secure data exchange ecosystem, enabling organizations to harness their data with full control and privacy, creating new business models and opening the gateway to AI-driven innovation |
| Intelligage | USA | Creating a taxable AI Workforce |
| Deloitte | UK | Business & Sentiment Intelligence as a Service |
| Ailuna | Denmark | Gamified sustainability & cybersecurity behaviour change for consumer services |
| Raidiam | UK | Easy access to joined-up Government Services – Governmental data trust framework |
| 4Learn | Singapore | PLAI – Personalised Learning AI – Unlocking human potential through precision and customised learning |
Cleantech category |
||
| Re-Universe | UK | Cup and other retail packaging return and reuse system |
| ReVend | UK | Bottles return and recycling system |
| Apneatech | UK | Sleep Apnea low cost reusable testing system |
| Eyesea | New Zealand | Revolutionising Pollution Management With Eyesea – pollution reporting |
| Gridsight | Australia | Data Driven Power Grid Management |
Main picture shows Sylwia Karch and Rebecca Glassey of SQR, category winners in 2023 [Photo credit: Digital Isle of Man].
