ANU award honours Aussie challenger to Flickr, e-commerce software
- 06 August, 2008 08:40
Two IT-themed projects have shared the $25,000 runners-up award in the Australian National University's Innovation ANU program -- a staged business and commercialisation development program for ANU students and staff.
The program provided a sneak peek at Australia's first home grown challenger to the hugely popular and lucrative online photo sharing sites like Flickr and Photobucket, as well as an e-commerce project describing itself as the "future of comprehensive secure receipt management".
The winner of Innovation ANU was a start-up pharmaceutical company called Cardishield, which is re-developing an existing drug for treating heart attacks.
Innovation ANU provided participants with seminars and workshops on commercialisation and business planning, mentoring and guidance from professionals, and opportunities to collaborate within an interdisciplinary team.
The competition was designed to "transform talent, creativity, and energy into tomorrow's leading business and commercialisation ideas", with the top two proposals receiving AUD$25,000 in addition to financial, legal and patent advice from top local firms.
Photos Inkorporated and One Corp were announced joint runners-up at an awards ceremony dinner at ANU in Canberra on Monday night, and will split the prize money.
Photos Inkorporated (PI) will be a freely participatory community photo-sharing Web site (www.photos.com.au) deriving revenue from subscriptions, printing, photo storage, stock photo sales and advertising.
PI's executive summary states that the digital age has resulted in millions of irreplaceable digital images at risk of being lost through file format obsolescence, lack of physical copies, or being overwhelmed by the "tsunami of unreliable imagery proliferating on the Internet. As Fiona Hooton, manager of Picture Australia at the National Library of Australia states, 'the digital age is at risk of becoming the digital dark age'".
PI is aiming to combat these problems by building on the success and popularity of online photo sharing and printing sites like Flickr, Photobucket, Friendster, Facebook, Snapfish and SmugMug. However, PI says it will differ from these sites by offering photo credibility measures, photo sharing and storage, and low-cost, high quality printing.
Apart from a newly opened Australian division of Snapfish, the team behind Photos Inkorporated - business partners and ANU students Sabrina Caldwell and Mark Krivo - say there is no Australian photo sharing and printing site amongst the prominent 20 players in the international space, nor one that offers photo credibility measures.
Caldwell said PI isn't trying to compete with the already established online photo sharing and printing sites, but is instead targeting a niche market by identifying the credibility or otherwise of digital photos.
"A larger than you might think percentage of photos on the Internet are, in fact, manipulated images," Caldwell said.
"Our site is going to be focusing on the actual photograph as an unmanipulated entity, and also focusing on the data that goes with it to explain what that photo is....so we've come up with some ways and approaches to identify the credibility of the photo and of the photographer."
Photographer and photo ratings would give a third party a sense of confidence about an image on PI that other photo sharing sites cannot offer.
"There are algorithms involved. There isn't a piece of software as such - it's more know-how that's being put together," Caldwell said, understandably reluctant to reveal too much behind the technology.
PI has also come up with strategies for photo printing at a rate "much lower" than online competitors and digital printing outlets like Harvey Norman.
PI has already received over 1000 visitors and more than 200 expressions of interest for its services.
"We have a fully functional business plan courtesy of our efforts and the ANU Innovation program...It was an extra-ordinarily productive and useful program that was hugely influential; it nurtured our business step by step over the past seven months."
Sharing the runners-up award with Photos Inkorporated was the One Corp project - a company proposing a revolutionary concept of providing a free online system that instantly retrieves and organises consumers' transaction records.
Once Corp is aiming to eliminate the risk of misplaced or discarded receipts by targeting the increasing need for convenience and accuracy in meeting taxation standards and return policies.
"Our centralised network and database will provide the consumers with the convenience of paperless receipts and help save the environment by reducing paper usage," reads One Corp's executive summary.
"Clients will be able to search through their transaction history with ease using various search parameters to find what they need. One Corp hopes to revolutionize the transaction process by pushing through for a more environmentally friendly receipt system that improves the efficiency of the economy."
Innovation ANU winner Cardishield is developing a drug that protects the heart from damage and from the types of heart rhythms which people die from when they have a heart attack.
"It's for reducing the incidence of death and the extent of damage to the heart after a heart attack or after certain medical or surgical procedures," said Dr Steven Weiss, co-founder and Chief Scientific Officer of Cardishield, who has over 20 years experience in heart research.
"It's not yet ready for human clinical trials but it's not far off, mainly because the business isn't ready to proceed with that...the Innovation ANU award is fantastic because it gives us the kickoff that we need to get the business going to support the clinical trials," he said.